Nagaland, a state in the northeast of India, has made an important announcement for its people.
The government there will start a new program called the Universal Life Insurance Scheme. This was mentioned during the recent budget presentation.
The government will pay for this insurance scheme completely.
The Chief Minister shared this news along with the budget. Neiphiu Rio, who is also in charge of the Finance Ministry, talked about this new scheme during the budget presentation.
He explained that this fully-funded Universal Life Insurance Scheme aims to help families financially if the main earner passes away unexpectedly.
Last year, the government introduced a health insurance scheme. Now, they are starting the Chief Minister Universal Life Insurance Scheme.
This means that everyone in the state will have life insurance provided by the government. The government will pay the insurance premium for the people of Nagaland.
Every family in Nagaland will benefit from this scheme.
The head of the family will receive life insurance coverage, while three other family members will get accidental insurance coverage.
The government hopes that this scheme will provide financial security to the people of Nagaland.
This scheme aims to support families during difficult times. If the main earner in a family passes away suddenly, it can cause financial problems.
This scheme will offer financial help to the family in such situations.
The government believes that this will prevent any negative impact on education, health, and overall development in case of the breadwinner’s sudden demise.
