LIC are pleased to inform that the Rythu Bandhu Group Life Insurance Scheme is
launched on 14.8.2018. This Scheme provides Life Insurance coverage of Rs. 5
lacs to every eligible Pattadaar identified and registered by the Deptt. Of Agriculture,
Govt. of Telangana. The premium amount required to secure this cover is fully borne by the State Government. The members between ages 18-59 are eligible for the coverage. The Sum Assured of 5 lacs is payable in case of death due to any reason and credited by Direct Benefit Transfer to Nominee’s Bank Account said by Mr. Suseel Kumar, Zonal Manager,
LIC, South Central Zone added that LIC has made all arrangements to run the Scheme on electronic basis to process these claims within a turn-around time of 10 days.The Deptt. Of Agriculture has reported and sent claims in respect of 3 beneficiaries who unfortunately died on 14 th August, 2018 and the claim amount has been credited to their SB Accounts. The Claims were settled within 24 hours and ‘LIC will always be true to its commitments.’ said by Zonal Manger.