If you’re the parent of a special child who is either mentally challenged or autistic, or suffers from cerebral palsy or multiple disabilities, do insure yourself under a special scheme the ministry of social justice and empowerment will shortly launch.
When you’re no longer there, the state will look after your child using the insurance money.
The scheme, called Asmita, to be launched by the National Trust – the autonomous branch of the ministry that focuses on these four particular disabilities – will provide life and accident insurance cover to the parent or legal guardian of any child who falls in these categories. Once you’re gone, the money will be used by the National Trust to take lifelong care of your child.
Insurance companies have been asked to submit their bids by March 15.
“We’ll be working through the district collectors and various NGOs working in this field, whom we are already in regular touch with,” said Atul Prasad, chief executive officer, National Trust. “We expect to launch in the next two months. We hope to enroll around 10,000 parents in the first year.”
“The premium will depend on the age of the parent. The older he/she is, the higher it will be,” he added.
“Since this is a group insurance policy, the premium will be much lower than if a person insures himself individually,” said Sanjay Pande, Managing Director, Amicus Advisory.
There are an estimated 22 lakh people suffering from these four forms of disability, according to National Trust statistics.