Girls Insurance Scheme
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LIC plans to introduce Bhagyalakshmi scheme for girls below poverty line
Life Insurance Corporation of India

LIC plans to introduce Bhagyalakshmi scheme for girls below poverty line
Plans to introduce the scheme in other States too

LIC launches two unit linked endowment plans
Profit Plus and Fortune Plus

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LIC plans to introduce Bhagyalakshmi scheme for girls below poverty line

Plans to introduce the scheme in other States too

Hyderabad, August 23, 2007

Karanataka Government became the first State in the Country to launch a group insurance scheme 'Bhagyalakshmi' for girls who are in the below poverty line (BPL). This scheme would benefit one lakh girl children and the scheme is aimed at checking the adverse sex ratio in the State.

According to the scheme, any girl born after March 31, 2006 is eligible to get Rs.10,000 in her name and on completion of 18 years, the girl can draw the amount along with interest. The benefits under the scheme include health insurance up to Rs.25,000, scholarship after passing 10th class, Rs.1 lakh payable to nominees in case of death and Rs.75,000 in case of disability benefit and Rs.37,500 as partial benefit and 42,500 in case of natural death.

Life Insurance Corporation (LIC) is planning to introduce this type of schemes in other States including Andhra Pradesh.

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LIC plans to introduce Bhagyalakshmi scheme for girls below poverty line
Plans to introduce the scheme in other States too

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Profit Plus and Fortune Plus

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August 23 in History

Events and happenings on 23 August in History

23 August 2001
Highlights: Hamsa Awards for 2001 announced

23 August 2002
Highlights: Venkiah Naidu visits Visakhapatnam

23 August 2003
Highlights: Special tribunal for River Krishna

23 August 2004
Highlights: TRS Minister warns of strike

23 August 2005

23 August 2006
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23 August 2007
Highlights: State Government offers to set up a monitoring committee

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