Smart card holders get insurance cover

NADRA, State Life launch accidental death insurance scheme.

ISLAMABAD: The National Database and Registration Authority (NADRA) on Wednesday launched an accidental death insurance scheme that will provide monetary cover to every new Smart National Identity Card holder for the first two years across the country.

The scheme, which will also be applicable in Gilgit-Baltistan and Azad Jammu and Kashmir, has come into force from October 1, 2012.

In this connection, NADRA Chairman Tariq Malik and State Life Insurance Corporation Chairman Aziz Siddiqui signed an agreement.

In his brief address, Tariq Malik said NADRA had issued over 92.8 million identity cards to adult population of the country over the age of 18 years, and hoped that the insurance programme would help the government promote socio-economic development and reach out to the poorest of the poor.

“(In the) Accidental Death Insurance scheme, the holders of Smart National ID Cards will automatically be registered for an insurance cover of Rs100,000 for a period of two years. They can designate their nominees at the time of registration, who will collect the insurance amount,” he said.

Malik said in case of accidental death of a smart card holder, the insurance amount would be paid by State Life to NADRA for onward payment to the nominated person. The premium, which NADRA will pay to State Life on behalf of the people, will provide security for the country’s citizens.

Published in The Express Tribune, January 24^th, 2013.

Like Business on Facebook to stay informed and join in the conversation.