Waseela-e-Sehet (Group Life Insurance Scheme)
BISP has successfully launched the Group Life Insurance Scheme for BISP beneficiaries, to cover the breadwinner of the family with effect from 1st of Jan 2011. Under this scheme, the dependents (widows/mothers/children) of deceased are compensated for Rs. 100,000/- in case of natural or accidental death of the breadwinner. This type of economic shelter is being given first time in the history of Pakistan.
The Scheme covers the breadwinner from eligible beneficiary families
- Male Age of 18 to 65 yrs
- Female Age of 18 to 70 yrs
4.1 million Breadwinners enrolled from entire country
- 1st Policy for one year (Jan -Dec 2011)
- 2nd Policy for three years (Jan 2012 to Dec 2014)