In Assam, Pulinaharani under Narayanpur Revenue Circle in Lakhimpur district yesterday became the second village in the country to have full life insurance coverage. The village has achieved this success under the Ministry of Finance’s Financial Inclusion plan which is being implemented by various Banks in association with insurance companies. It is the second instance of the Narayanpur branch of the Assam Grameen Bikash Bank.Earlier, in January this all the adult villagers of 18 to 65 age group had been covered under Financial Inclusion programme. With this, Rangati Misamara became the first village in the country to do so .This time 625 people of 201 families of Pulinaharani have been covered under the purview of insurance facilities. Initiated by Finance Ministry and Reserve Bank of India, financial inclusion plan has been carrying out over 2000 villages of Assam having a population of 2000 and above. The main norm to avail the insurance coverage is that each villager should have a bank account. The bank also set the target to include another 2 villages under the scheme in the current financial year.
News On AIR | July 6, 2012 1:36 PM
Assam village second in country to have full life insurance coverage