Nagaland Govt Unveils Universal Life Insurance Plan
The Nagaland government, under the leadership of Chief Minister Neiphiu Rio, has unveiled an initiative aimed at alleviating financial hardships caused by the untimely demise of a family’s primary earner. This scheme, presented as part of the state’s budget, marks a step towards ensuring the welfare and security of its citizens.
The Chief Minister’s Universal Life Insurance Scheme is funded by the state government. This initiative follows in the footsteps of the Chief Minister’s Health Insurance Scheme, demonstrating an approach to citizen welfare.
The primary objective of the CM’s Universal Life Insurance Scheme is to mitigate the effects of losing a family’s breadwinner on various aspects of life, including education, health, and socio-economic stability. By providing life insurance coverage for the primary earner and accidental insurance coverage for three additional family members, the scheme extends a safety net to households across the state.
The introduction of this scheme is poised to have an impact on the socio-economic landscape of Nagaland. By alleviating financial uncertainties associated with unexpected loss, families can pursue education, invest in health, and engage in productive endeavors with confidence and resilience.
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