Andhra Pradesh and Telangana introduced 5 lakh rupees Accident Insurance Scheme for transport

Andhra Pradesh and Telangana on 1 May 2015 introduced 5 lakh rupees Accident Insurance Scheme for transport drivers. It will also cover education of two children of the beneficiary.

Andhra Pradesh Chief Minister Chandrababu Naidu formally launched the scheme at Rajhamundry while Telangana Chief Minister Chandrasekhara Rao made the announcement in Hyderabad.

Both the government signed a Memorandum of Understanding (MoU) with an insurer to bear the additional amount of 3 lakh rupees insurance cover, over and above the 2 lakh rupees cover that the Union Government will provide through the Pradhan Mantri Suraksha Bima Yojana (PMSBY).

To claim the benefit, the transport drivers have to register their names on a specified portal. About 11 lakh transport drivers and journalists in the two states will be benefited under the programme. About 16 thousand Home Guards in Telangana will also be benefited by the scheme.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App