The Agricultural and Agrarian Insurance coverage Board, working beneath the Ministry of Agriculture, Livestock, Land and Irrigation, has launched a brand new insurance coverage scheme for fishermen engaged in diving actions.
The introduction of an insurance coverage scheme for divers had been a long-standing request by divers’ associations and fishermen concerned in diving-related actions.
Accordingly, measures have now been taken to implement this specialised insurance coverage scheme for divers.
The scheme has been launched consistent with the federal government’s coverage imaginative and prescient, “A Affluent Nation – A Stunning Life,” giving precedence to managing the life dangers confronted by divers.
Underneath the scheme, a compensation of Rs. 1.2 million shall be paid to the beneficiaries of an insured diver within the occasion of demise occurring whereas engaged in diving actions associated to the fishing trade.
The scheme additionally supplies protection for non permanent disabilities ensuing from accidents that happen whereas diving within the sea or in inland water our bodies.
Accordingly, insurance coverage protection choices of Rs. 1,200,000 and Rs. 1,500,000 have been launched beneath totally different plans.
Fishermen are required to pay an annual quantity of solely Rs. 1,920 to acquire protection beneath the scheme.
