Daijiworld Media Network – Mangalore (KD/NR)  

Mangalore, Jan 28: Shree Kshetra Dharmasthala Rural Development Project (SKDRDP) has tied-up with ICICI Lombard General Insurance Company Limited (ICICI-LGICL), stated a press release.

The objective behind the tie-up is to implement its premier health hospitalization insurance for the year 2005 and 2006.

The release further states that the insurance 'Sampoorna Suraksha' got an outstanding response from stakeholders of the SKDRDP since its inception a year back.  

The 'Sampoorna Suraksha' covers five members of a family, in which the total reimbursement of hospitalization expenses is upto Rs 25,000 on all the insured members, the release stated.  

It also provides for death compensation, domiciliary treatment of the family stakeholder and accident compensation for the earning member of the family.  

A compensation will also be paid in case of calamities and death of the means of livelihood like cows, buffalos and bullocks, etc.  

The release stated that in the first year 54,000 families joined the programme by paying a premium of Rs 15.50 milion and in the first year itself the programme compensated 10,359 cases totalling a sum of Rs 30.97 milion.  

In the current year itself 73,000 families have enrolled themselves for this programme by investing a premium of Rs 26.85 million.  

By paying a lumpsum premium of Rs 16.40 million to ICICI-LGICL, SKDRDP has re-insured the hospitalization reimbursement insurance.