Rubber Board announces insurance scheme for rubber tappers

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Kottayam: The Kottayam based Rubber Board under the Ministry of Commerce & Industry, Government of India, has invited applications from rubber tappers for enrolling in ‘Group Life Insurance Cum Terminal Benefit Scheme’, implemented by the Rubber Board in collaboration with the Life Insurance Corporation of India.

Under the scheme which was initially launched in August 2011, the members of this scheme are eligible for benefits like insurance cover (both for natural and accidental death), compensation for disabilities due to accidents, terminal benefits and scholarship at the rate of Rs.1,200 a year to the children of members studying from class 9 to 12.

According to a release from the Rubber Board, tappers in the age group of 18-59 years working in small holdings of area not less than 0.40 hectare (1 acre), and not working under the Plantations Labour Act 1951, are eligible to join this scheme. The minimum contribution for membership in the scheme is Rs. 300/- a year. Those who want additional terminal benefits can contribute more.

The Rubber Board contribution of Rs. 400 will also be added to the terminal benefit of each member. The tapper needs to renew the policy every year and the Rubber Board contribution of Rs. 400/- will also be added accordingly. The employer can also contribute an additional amount for his tapper.

The application forms of this scheme are being issued from the regional offices of the Rubber Board. Tappers who desire to join the scheme this year may submit the applications along with the contributions at the regional offices concerned, before 28 February 2013. The payment for the contribution to this scheme may be made either in cash or by Demand Draft / Postal Order drawn in favour of the Dy. Rubber Production Commissioner or Development Officer in charge of the regional offices concerned. Details of the scheme are available from the regional offices.

Kerala Biz News

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