PM to flag off senior citizens’ pension scheme today

The scheme provides for pension during the lifetime of the pensioner and in the event of death of the pensioner, the purchase price will be returned to the nominee. The difference between the actual yield earned by LIC on the funds invested under the scheme and the assured return of 9 per cent will be reimbursed to LIC annually by the Centre.

The community-based universal health insurance scheme offers health protection and easy access to good health services to the disadvantaged sections. Under this scheme, a premium of Re 1 per day for an individual, Rs 1.50 per day for a family of five and Rs 2 per day for a family of seven will entitle eligibility to get reimbursement of medical expenses up to Rs 30,000 towards hospitalisation, a cover for death due to accident up to Rs 25,000 and compensation due to loss of earning at the rate of Rs 50 per day up to a maximum of 15 days.

For below poverty line (BPL) families, the government will contribute Rs 100 per year towards their annual premium. The policy is meant for groups consisting of minimum 100 families. The scheme will be on the lines of mediclaim policy.