BRIEF OF THE SCHEME GROUP PERSONAL ACCIDENT INSURANCE FOR COIR WORKERS

The Group Personal Accident Insurance Scheme for Coir Workers is aimed at providing insurance coverage against accidental death, permanent total disability and permanent partial disability to the coir workers in all coir producing states in India. Considering welfare of the women who form majority of the group proposed, the accident in their case will include death and disablement arising out of and traceable to sterilization and consequent complications, arising out of pregnancy, child birth, caesarian hysterectomy, removal of breast as well as murder and rape etc.

The Coir Board will pay full amount of premium for Group Insurance of Coir Workers to the Insurance Company every year.

Compensation payable under the Scheme:



(i)



Accidental Death


Rs.50,000/-



(ii)



Permanent Total Disability




a)  Loss of two limbs / two eyes


Rs.50,000/-


b)  Loss of one limb and one eye


Rs.50,000/-



(iii)



Permanent Partial Disability





a)  Loss of one limb / one eye


Rs.25,000/-


b)  Provision for finger cut


Depending upon the finger and
limited to applicable percentages of
capital sum.