Eligibility |
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Powerloom workers living below and marginally above poverty line. |
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Powerloom workers engaged in weaving, twisting, winding, warping and sizing. |
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Weavers family owning 4 looms or less. |
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Age between 18 to 59 years. |
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Only one member per family (husband/wife and his/her spouse is considered as family) |
| Benefits |
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Natural death : |
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Rs. 20,000/- to the nominee |
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Accidental benefits |
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On death |
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Rs. 50,000/- to the nominee. |
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Total permanent disability |
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Rs. 50,000/- to the beneficiary. |
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Partial permanent disability |
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Rs. 25,000/- to the beneficiary. |
Additional Benifits |
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Provision of a scholarship under Shiksha Sahayog Yojana. |
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Scholarship is allowed for 4 years. |
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Rs. 300/- per quarter per child. |
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The beneficiary should remain member of the Scheme for getting the scholarship in subsequent year. |
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Maximum of two childrens per member. |
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The student should not fail in the class. |
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Students studying in IX to XII Std. are eligible |
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Premium |
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Rs. 200/- per annum total, of which Rs. 100/- from the social security fund of Govt. of India through LIC. |
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Rs. 60/- by the Govt. of India through the Office of the Textile Commissioner |
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Rs. 40/- by the member (powerloom worker). |
Operational Modalities |
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Application-cum-Nomination Form to be filled by the member. |
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On receipt of full premium, LIC will issue a group policy. |
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Submission of the completed form to the Nodal Agency/Authorized Agency (R.Os of the TxC. & PSCs) |
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The Nodal Agency will arrange to inform the members |
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Submission of the completed form to the Nodal Agency/Authorized Agency (R.Os of the TxC. & PSCs) |
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The Nodal Agency will arrange to inform the members |
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Declaration of Good Health to be furnished |
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In the event of non-payment of insurance premium by the member on next renewal date, the insurance cover will cease. |
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The proof of age is to be satisfied by the Nodal Agency. |
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The member is free to rejoin the Scheme by payment of subsequent year's premium |
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After verifying the application, the Nodal Agnecy will forward the list of members along with premium amount to concerned LIC, (P&GS) unit. |
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Claims Procedure |
On Natural Death |
On Accidental Death |
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Claim Form to be filled by the beneficiary. |
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Claim Form along with Original Death Certificate, FIR, Police inquest report,Postmortem report & Police Conclusion report, to be submitted to the LIC through Noadl Agency. |
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Claim form to be submitted to LIC along with death certificate through Nodal Agency. |
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LIC will settle the claim by sending A/C. payee cheque to the beneficiary/nominee |
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On disability |
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Claim Form along with Original certificate of Medical Practitoner clarifying total / partial permanent disability is required to be submitted in case of disability due to accident to be submitted to LIC, P&GS Unit through Nodal Agency. |