PESHAWAR: Chief Minister Khyber Pakhtunkhwa Ali Amin Khan Gandapur has decided to launch Life Insurance Scheme from the 1st January 2025.
The scheme will offer financial assistance to families in case of death of the head of the household at any public sector hospital or a health facility empanelled under the Sehat Card program. Under the insurance scheme, the provincial government will provide financial assistance of Rs. one million for individuals below the age of 60, and Rs. 500,000 for those above 60 years.
The initiative is estimated to cost Rs. 4.5 billion annually, which will be funded by the provincial government.
The decision was made during a high-level meeting chaired by the Chief Minister here the other day. The meeting was attended by Provincial Finance Minister Muzammil Aslam, Additional Chief Secretary Planning and Development Ikramullah Khan, administrative secretaries of concerned departments, and other officials.
The meeting also reviewed progress on the flagship projects of the incumbent provincial government including Life Insurance Scheme, Peshawar-Dera Ismail Khan Motorway, Establishment of Islamic Takaful Insurance Company, establishment of a Debt Management Fund, Construction of the Provincial Power Transmission Line, Home Stay Tourism Project, Solarization of Household and Government buildings and Trade Corridor Hub.
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