iturn0image1Khyber Pakhtunkhwa (KP) is set to launch a comprehensive life insurance scheme on January 1, 2025, aimed at providing financial support to families in the event of the death of a breadwinner. This initiative is part of the provincial government’s broader efforts to enhance social protection and welfare for its citizens.
Key Features of the Life Insurance Scheme:
- Eligibility: The scheme is applicable to individuals who pass away while receiving treatment at any government hospital or a facility affiliated with the Sehat Card Plus program. citeturn0search2
- Compensation Amount:
- PKR 1 million for individuals under 60 years of age.
- PKR 500,000 for individuals aged 60 and above. citeturn0search0
- Annual Budget: The provincial government has allocated PKR 4.5 billion annually to fund this scheme. citeturn0search0
Implementation and Oversight:
- Management: The scheme will be overseen by a newly established provincial Islamic Takaful Insurance Company, which is expected to be operational within three months of the announcement. citeturn0search0
- Integration with Sehat Card Plus: The life insurance component will be integrated into the existing Sehat Card Plus program, enhancing the social protection framework for KP residents. citeturn0search9
Significance of the Initiative:
- Welfare State Vision: This scheme aligns with the provincial government’s vision of establishing a welfare state, providing a safety net for families facing the loss of a primary income earner. citeturn0search4
- Global Uniqueness: Chief Minister Ali Amin Khan Gandapur highlighted that this initiative is not only unique in Pakistan but also the ‘first of its kind’ globally, marking a significant step in social welfare innovation. citeturn0search9
For more detailed information and updates, residents are encouraged to visit the official KP government website or contact local health facilities affiliated with the Sehat Card Plus program.