Bhagyashree Child Welfare Bima Yojana

- A new policy covering a girl child was introduced w.e.f. 19th October, 1998. It covers one girl child in a family upto the age of 18 years whose parent's age does not exceed 60 years.
- The premium per girl child is Rs. 15 per annum.
- In case of death of both or either of the parents, an amount of Rs. 25,000 would be deposited in the name of the girl child with a financial institution.
- Fixed annual disbursements to the girl child upto the age of 18 years would be made from the amount to her credit and the balance amount to her credit would be disbursed to her on attaining the age of 18 years.
- In the event of death of the girl before attaining the age of 18 years, due to accident and surgical operations. the balance amount, standing to the credit of the girl child, will be paid to the surviving parent! guardian.