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New CM Life Insurance Scheme
The provincial government of Khyber Pakhtunkhwa has taken a revolutionary step for the welfare of the poor and needy people and approved the largest New CM Life Insurance Scheme for all the cities of Khyber Pakhtunkhwa province. According to government spokesperson Barrister Dr. Saif, this scheme is another major effort to provide relief to the public after the health card, which aims to provide immediate financial assistance to the affected family in the event of the death of the breadwinner of the house.
Major Initiative Launched with Rs 4.5 Billion Annual Budget
The provincial government has earmarked a fund of Rs4.5 billion annually for this scheme for the poor and deserving people.Under this financial assistance, if the head of the house dies, his family will be given immediate assistance. The special thing about this scheme is that it is for all citizens, regardless of which class they belong to. This is an exemplary step that distinguishes Khyber Pakhtunkhwa from other provinces.
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Details of the Life Insurance Scheme
According to a government spokesperson, the following assistance amounts will be provided under this scheme:
- A financial assistance of Rs. 1 million will be provided to the families of citizens who die below the age of 60.
- A financial assistance of Rs. 5 million will be provided to the families of those who die above the age of 60.
This amount will provide immediate relief to the family members so that they can avoid financial difficulties after the death of the sponsor.
A means of Relief from Financial Difficulties
Usually in Pakistan, when the head of the household, who is the earning person, dies suddenly, the entire family falls into financial crisis. It becomes difficult to meet the education of children, household expenses and basic needs. That is why this scheme is being called a revolutionary step, which will not only provide immediate help to the affected family but will also give them a chance to stand on their feet again.
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Imran Khan’s Vision for Naya Pakistan
Barrister Saif further stated that the Khyber Pakhtunkhwa government, chaired by Chief Minister Khyber Pakhtunkhwa Ali Amin Gandapur, is working for the welfare of the people in accordance with this important vision of Imran Khan. He said that the current government is not only content with announcements but is also taking practical steps on them. The health card and now the life insurance scheme are living examples of this.
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With the launch of this scheme, Khyber Pakhtunkhwa has become the first province in the country where the people get government protection in other aspects of life along with health facilities. With this initiative, the government has proven that it does not just make promises but also takes steps to implement these promises.
Future Welfare Planning
The provincial government has indicated that this scheme is just the beginning, more welfare projects will be introduced in the coming days.The Khyber Pakhtunkhwa government aims to establish a prosperous A state where every citizen enjoys access to essential services and guaranteed security. Education, health, employment and financial security are the top priorities of the government.
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Conclusion
The launch of the Life Insurance Scheme by the Khyber Pakhtunkhwa government is a historic step which is a practical attempt to provide financial security to the people of the province. This scheme will not only provide immediate relief to the affected families but also marks a step towards establishing an exemplary welfare state. If implemented effectively, this scheme can become a model for other provinces as well.