• LIC will nominate their P&GS unit to settle the claim of their local jurisdiction.
• Simplified bilingual claim from will be made available to project society/SHG/ Gram Panchyat etc. After completion it will be furnished to the nominated offices of LIC through the D.R.D.A., W.G., Eluru.
• The cheque will be sent directly to the claimant by post/courier without involving any intermediary through the Gram Panchayat/SHG under intimation to the concerned Project Society.
  • The D.R.D.A., W.G., Eluru will verify the incident or death/disability, and lodged the claims within 15 days from the receipt of application and sent to LIC for payment.
  • LIC will release the payment within 15 days from the receipt of claims from the D.R.D.A., W.G., Eluru.
  • Taking together (i) and (ii) total time taken to settle the claim should not exceed 45 days in any case.
• In case of any dispute, the Chairman of the D.R.D.A. shall be the deciding authority.
• LIC Central Office will furnish all statistics to Ministry of Labour with regard to state-wise/society-wise number of claims received, settled, amount claimed, amount paid, type of claim, etc. on monthly/quarterly basis.

Evidence of Age

The Gram Panchayat/SHG will arrange to obtain satisfactory evidence of age in respect of each member at the time of his/her entry into the scheme.

Termination of Membership

The membership of the scheme in respect of member shall terminate upon the happening of any of the following events:

• A member ceasing to be a member of the Group.
• Member reaching the terminal date.
• Non payment of contribution to the Scheme.
• On death of the beneficiary.

Master Policy

The LIC will issue a Master Policy to the agency implementing the scheme at grass root level i.e., Gram Panchayat/SHG etc. incorporating the terms and conditions under which the benefits are assured. However, LIC will maintain individual records pertaining to premium received etc. of the beneficiaries as well.

Nomination

Every member shall at the time of entry into the scheme appoint one or more of his wife or child/children or dependents to be his beneficiary/beneficiaries in the prescribed format and file it with the Gram Panchayat/SHG. If a member does not have a wife or a child or children or dependent than he shall appoint his legal representatives to whom in the event of death of the member, the benefits in respect of him will be passed.

Welfare Activities under the Scheme

The following welfare activities will be provided under the Scheme

• Life-cum-accident insurance.
• Money back
• Superannuation benefits

Eligibility

Agriculture Workers between the age of 18 to 50 years.

Contribution

• The worker will contribute Rs.365/- per annum (Rs.1/- per day).
• The Government of India will contribute Rs.730/- per annum per worker.
• For pension eligibility minimum period of contribution will be 10 years.

On death before age 60

• Lump Sum payment of Rs.20,000 on death.
• Lump Sum payment of Rs.50,000 in case of death due to accident.
• Return of contribution plus interest or pension for family

On disability due to accident before age 60

Lump sum payment of Rs.50,000/- in case of permanent total disability or Rs.25,000/- in case of permanent partial disability due to accident.