Jagan Withdraws Rs 2000 Crs, LIC Cancels Abhayahastam

[Anta Assamey]

Jagan

After the medical suppliers, the Life Insurance Corporation (LIC) has given a shocker to Jagan government by washing hands off the state-sponsored Abhayahastam.

The LIC authorities made a public announcement that they do not have any connection with the insurance scheme henceforth.

The Corporation said that the agreement they had undergone with the AP government with regard to the Abhayahastam stands cancelled with the state officials withdrawing Rs 2,000 crore premium amount deposited with them.

The scheme was introduced by Jagan’s father, late YSR, after assuming power for a second term in 2009.

The LIC signed an agreement with the Society for Elimination of Rural Poverty (SERP) under Abhayahastam on October 27, 2009 and it was terminated on November 3, 2021, the announcement said.

Further, the LIC officials said that with the agreement getting terminated, they had transferred all the remaining amount with them in connection with Abhayahastam to SERP, the nodal agency for the scheme. The Master Policy No. is 514888, the announcement said. The LIC also made it clear that they do not hold any responsibility towards the implementation of the scheme like processing the pending claims of the beneficiaries or even the future claims. From now, all this work will be managed by SERP, the announcement stated.

Under the scheme, the government has confirmed that members of self-help groups who had paid their contribution and crossed 60 years of age are eligible for taking the pension. The members would be able to take this pension additionally even if they have been receiving other benefits like widow pension, handicapped pension or old age pension.

As part of the scheme introduced by late YSR, SHG members aged between 18 and 59 years need to pay Rs 365 per year at the rate of Re 1 per day following which the government would also deposit the same amount to enable the members take a pension ranging between Rs 500 and Rs 3,000 per month, after their retirement – crossing 60 years of age.

The public in the state said they were unable to fathom the depth of the financial crisis into which the state had plunged and also not able to understand what was happening to all the money paid through taxes.

[Anta Assamey]

Mottam ekkada dorikite akkada peelchi pippi chestunadu Jagan anna...

[Mingutha]

13 minutes ago, Anta Assamey said:

Jagan Withdraws Rs 2000 Crs, LIC Cancels Abhayahastam

itlaa debmedha debba ante final ga jalaganna ki migiledhi intlo kurchuni "Hasthaprayogam" pathakamey

 

[skumarpati]

motham AP meedhane paga pattina jagan anan choostunnaru meeru

 

[BeerBob123]

@next enti

[RedThupaki]

enti sirrr idhi.....epppudooo greeweekss chesaaaaru ippudu maaa jgnaaal reddiiii sir chesthunaaaru sir...

only highly respected people maaathramey cheyyagalaru ivi...wowwww

[Vaampire]

Good job jagga. Nee gothi nuvvey thovvukuntunnav

[kittaya]

54 minutes ago, Anta Assamey said:

Mottam ekkada dorikite akkada peelchi pippi chestunadu Jagan anna...

Adi akkadaa dabbulu unnayi Ani gurthu ravatam great.. ivanni pocket Loki velthaya leka deniloki velthayi

[Anta Assamey]

11 minutes ago, kittaya said:

Adi akkadaa dabbulu unnayi Ani gurthu ravatam great.. ivanni pocket Loki velthaya leka deniloki velthayi

Ivi teesuku velli matching grant kinda choopinchi kotta appu testaru ade plan ...Then mottam withdraw chesi... Taruvata Devudiki teliyali ...

[JackSeal]

1 hour ago, Anta Assamey said:

Jagan

After the medical suppliers, the Life Insurance Corporation (LIC) has given a shocker to Jagan government by washing hands off the state-sponsored Abhayahastam.

The LIC authorities made a public announcement that they do not have any connection with the insurance scheme henceforth.

The Corporation said that the agreement they had undergone with the AP government with regard to the Abhayahastam stands cancelled with the state officials withdrawing Rs 2,000 crore premium amount deposited with them.

The scheme was introduced by Jagan’s father, late YSR, after assuming power for a second term in 2009.

The LIC signed an agreement with the Society for Elimination of Rural Poverty (SERP) under Abhayahastam on October 27, 2009 and it was terminated on November 3, 2021, the announcement said.

Further, the LIC officials said that with the agreement getting terminated, they had transferred all the remaining amount with them in connection with Abhayahastam to SERP, the nodal agency for the scheme. The Master Policy No. is 514888, the announcement said. The LIC also made it clear that they do not hold any responsibility towards the implementation of the scheme like processing the pending claims of the beneficiaries or even the future claims. From now, all this work will be managed by SERP, the announcement stated.

Under the scheme, the government has confirmed that members of self-help groups who had paid their contribution and crossed 60 years of age are eligible for taking the pension. The members would be able to take this pension additionally even if they have been receiving other benefits like widow pension, handicapped pension or old age pension.

As part of the scheme introduced by late YSR, SHG members aged between 18 and 59 years need to pay Rs 365 per year at the rate of Re 1 per day following which the government would also deposit the same amount to enable the members take a pension ranging between Rs 500 and Rs 3,000 per month, after their retirement – crossing 60 years of age.

The public in the state said they were unable to fathom the depth of the financial crisis into which the state had plunged and also not able to understand what was happening to all the money paid through taxes.

LIC is not paying claims from longback… this is from May 2020… AP govt asked LIC to release claims but they didn’t … so this is the background and let full details emerge 

Chief Minister Y.S. Jagan Mohan Reddy on Friday wrote to Life Insurance Corporation of India (LIC) Chairman M.R. Kumar urging him to immediately settle the pending claims to help the affected families. 

In the letter, Mr. Jagan said that at present, 42,060 claims were pending for settlement with the LIC.

Firstly, there was inordinate delay in extension of convergence scheme, and now there was delay in settling the claims. Delay in extension of PMJJBY/AABY converged insurance scheme caused lot of hardship to the bereaved families of deceased workers besides inconvenience to the Government, he said.

Mr. Jagan said the State government was implementing the convergence scheme under PMJJBY/ AABY/ PMSBY to benefit workers in the unorganised sector. The Union government issued guidelines to LIC to extend the scheme from December 1, 2019 to March 31, 2020 after several appeals and continued persuasion from the State Government. 

Accordingly, the premium amount from Central government of ₹190 crore had been released to LIC and the State government also released the second tranche of our premium portion of ₹126.47 crore. The LIC had also accepted the same, he added.

Letter to UII

In another letter to United India Insurance Company Chairman Girish Radhakrishnan, Mr. Jagan said 3,547 accidental death claims were pending for settlement as on date with the company for more than eight months. The objective of supporting the poor families during the period of grief is defeated, if immediate financial relief was not provided, he said.

Further, COVID-19 had created an adverse economic impact on the livelihood of the unorganised sector workers and non-settlement of claims was creating serious impact on the well-being of bereaved families of the deceased workers.

[nallaberry]

Ipudu jaffa kukkal vachi cbn meeda edchesi pothai 

[kittaya]

1 hour ago, JackSeal said:

LIC is not paying claims from longback… this is from May 2020… AP govt asked LIC to release claims but they didn’t … so this is the background and let full details emerge 

Chief Minister Y.S. Jagan Mohan Reddy on Friday wrote to Life Insurance Corporation of India (LIC) Chairman M.R. Kumar urging him to immediately settle the pending claims to help the affected families. 

In the letter, Mr. Jagan said that at present, 42,060 claims were pending for settlement with the LIC.

Firstly, there was inordinate delay in extension of convergence scheme, and now there was delay in settling the claims. Delay in extension of PMJJBY/AABY converged insurance scheme caused lot of hardship to the bereaved families of deceased workers besides inconvenience to the Government, he said.

Mr. Jagan said the State government was implementing the convergence scheme under PMJJBY/ AABY/ PMSBY to benefit workers in the unorganised sector. The Union government issued guidelines to LIC to extend the scheme from December 1, 2019 to March 31, 2020 after several appeals and continued persuasion from the State Government. 

Accordingly, the premium amount from Central government of ₹190 crore had been released to LIC and the State government also released the second tranche of our premium portion of ₹126.47 crore. The LIC had also accepted the same, he added.

Letter to UII

In another letter to United India Insurance Company Chairman Girish Radhakrishnan, Mr. Jagan said 3,547 accidental death claims were pending for settlement as on date with the company for more than eight months. The objective of supporting the poor families during the period of grief is defeated, if immediate financial relief was not provided, he said.

Further, COVID-19 had created an adverse economic impact on the livelihood of the unorganised sector workers and non-settlement of claims was creating serious impact on the well-being of bereaved families of the deceased workers.

Full details veyyi kaka.. nuvvu thop

[Casper]

3 hours ago, Anta Assamey said:

Mottam ekkada dorikite akkada peelchi pippi chestunadu Jagan anna...