Hyderabad, Aug 31: Life Insurance Corporation of India (LIC)s South Central Zone has settled 378 death insurance claims under the Telangana Government’s flagship programme of Rythu Bandhu Group Life Insurance Scheme launched on August 14 this year, said LIC Zonal Manager T. C Suseel Kumar here on Friday.
In June this year, the Telangana government and Life Insurance Corporation of India signed a memorandum of understanding on Rythu Bandhu Life Insurance Scheme to give a life cover of ₹ 5 lakh to pattadar farmers.
Talking to reporters here, Suseel said this scheme provides life insurance coverage of Rs. 5 lakhs to every eligible Pattadaar identified and registered by the Telangana Department of Agriculture. UNI