MANGALURU: Shri Kshetra Dharmasthala Rural Development Project (SKDRDP), working for the upliftment of the rural poor in the state of Karnataka, has entered into a MoU with Life Insurance Corporation (LIC) of India to provide life insurance cover to around 60 lakh Self-help Group (SHG) members of SKDRDP through its flagship ‘Jeeva Bima Bhadrathe’ Scheme.The purpose of this scheme is to cover the micro-credit given to the members of SHG and their families in case of death during the coverage. LIC of India has provided the life insurance coverage under its group insurance policy.In this connection, a special programme was arranged on Monday at Dharmasthala wherein T C Suseel Kumar, zonal manager, LIC of India, South Central Zonal Office, Hyderabad, handed over the Master Policy to Dharmadhikari of Shri Kshethra Dharmasthala D Veerendra Heggade.Suseel Kumar said, "this is a mega scheme being administered by LIC of India to provide life insurance cover to the rural masses by bringing in the financial security to the family of these members in the event of unfortunate death of borrower member."Heggade, while lauding the role played by LIC of India in the field of life insurance in India, appreciated the benefits that this group insurance scheme gives to the members through this micro-credit insurance, serving the purpose of financial inclusion of all the borrower members of the SKDRDP.Senior officials of both the institutions including L H Manjunath, executive director, M K Abraham, Director (Sampoorna Suraksha) and D Jayaram, Director ( Suvidha) from SKDRDP and G Satyanarayana Sastry, regional manager, Hyderabad, P Vishveshwar Rau, senior divisional manager, Udupi and Y S Ashok, divisional manager, Pension and Group schemes, Mangalore from LIC of India were present on the occasion.

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