Tata AIA Life Insurance (Tata AIA), one of India’s leading life insurers, has been selected by the Government of Nagaland to implement the Chief Minister’s Universal Life Insurance Scheme (CMULIS). Under this scheme, the primary earning member of the family will be provided with a life insurance cover of INR 2 lakh. This scheme aims to give families the financial support they need in the unfortunate event of the demise of the breadwinner. It is specifically aimed at helping the vulnerable sections of society, such as those working in unorganized sectors or are part of low-income groups.
As part of the scheme any one family member in the age group 18–60 years can be designated as the primary earning member or breadwinner. Government employees in the same age group will automatically be considered as the primary breadwinner for their family. The State Government will cover the cost of the insurance premium.
Shri Neiphiu Rio, Hon’ble Chief Minister, Nagaland said, “I am extremely happy to partner with Tata AIA Life Insurance and launch this scheme for the working population of Nagaland. Through this program, we are making Life Insurance accessible to Naga people. We hope to enroll all earning population in Nagaland under this scheme, thereby ensuring the financial security of several families.”
