What you get
- In the event of the natural death of the member, Sum assured of ₹60,000/- will become payable to the nominee. | - In the event of death by accident or Partial/Total Permanent Disability due to accident, the following benefit shall be payable: | - On death due to accident: ₹1,50,000/- | - Permanent total disability due to accident: ₹1,50,000/- | - Permanent partial disability due to accident: ₹75,000/- | Educational Benefits: | - An educational grant of ₹600/- per child per half year for two children studying from Class IX to Class XII for a maximum of 4 years under the Shiksha Sahayog Yojana (SSY). | Premium: | The total annual premium ₹470/- per member, will be shared as follows: | - Government of India Contribution: ₹290/- | - Workers/Weavers Contribution: ₹80/- | - Contribution from Social Security Fund: ₹100/-
Who can apply
Required Paperwork
- Aadhaar Card
- PAN Card
- Income Certificate
- Residence Proof (Domicile)
Common Questions
What is the primary objective of the scheme?
To provide insurance coverage to powerloom weavers in cases of natural death, accidental death, and partial or permanent disability due to accidents.
Who is eligible to enroll in this insurance scheme?
Powerloom weavers aged between 18 and 59 years, irrespective of their BPL/APL status.
Does the scheme cover workers involved in pre-weaving activities?
Yes, it includes workers engaged in twisting, winding, warping, and sizing activities.
Are self-employed weaver families eligible for the scheme?
Yes, if they own not more than four looms.
How is "family" defined under this scheme?
The beneficiary and their spouse; only one can be covered.
What is the coverage period of the insurance upon premium payment?
One year, with the option to renew annually until the age of 59.
Does the scheme provide educational grants?
Yes, [?]600 per child per half-year for up to two children studying from IX to XII standard, for a maximum of four years.
What happens if a student fails and is detained in the same standard?
They become ineligible for the scholarship for that standard in the next year.
Which organizations jointly implement the scheme?
The Office of the Textile Commissioner and the Life Insurance Corporation (LIC) of India.
What role do the Regional Offices of the Textile Commissioner play?
They act as nodal agencies, responsible for sensitizing workers, enrolling members, and facilitating application processes.
What is the procedure if a member changes employment during the coverage period?
The member must inform the nodal agency about the change.
How are claims settled?
LIC sends account payee cheques or uses NEFT/RTGS directly to the beneficiary, with intimation to the nodal agency.
Can a member rejoin the scheme after a lapse in premium payment?
Yes, by paying the required premium, the member can rejoin the scheme.
Is the premium refundable if paid?
No, once paid, the premium is non-refundable.