The Government of Nagaland has taken a progressive step towards enhancing financial security for its residents by partnering with Tata AIA Life Insurance to introduce the Chief Minister’s Universal Life Insurance Scheme (CMULIS). This initiative aims to provide life insurance coverage of INR 2 lakh to primary earning members aged 18 to 60, with a particular focus on those employed in unorganized sectors and low-income groups.
Chief Minister Neiphiu Rio emphasized the importance of this scheme, stating, “I am extremely happy to partner with Tata AIA Life Insurance and launch this scheme for the working population of Nagaland. We hope to enroll all earning individuals in Nagaland under this scheme, thereby ensuring the financial security of several families.” The state government will bear the cost of the insurance premiums, ensuring accessibility for all eligible residents.
In Siliguri, this initiative is poised to generate positive economic effects. As families gain life insurance coverage, their financial security is likely to enhance consumer confidence, potentially leading to increased spending on local products and services. This influx of consumer activity could stimulate business growth in Siliguri, reinforcing the region’s economic landscape while improving overall community well-being.
