KP Launches Life Insurance Scheme For Low-Income Families, Offering Financial Relief Amid Tragic Losses

2024-10-28 09:56:23

(MENAFN- Tribal News Network) Peshawar – The Khyber Pakhtunkhwa government has approved a life insurance scheme to provide substantial financial relief to low-income families who suffer the loss of a breadwinner.

Under the scheme, families will receive PKR 10 lakhs in the event of a family head's death if they are under the age of 60, and PKR 5 lakhs if over 60, bringing crucial support to affected households.

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Barrister Saif, Adviser to the Chief Minister on Information, described the initiative as a“revolutionary step” toward offering financial security to struggling families.

Speaking at a press conference, he noted that with approximately 49% of the province's population living below the poverty line, this scheme aims to mitigate the financial crisis that often follows a tragic family loss, providing hope and stability to those most in need.

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