- Commitment to Labour Welfare:
- On Labour Day (May 1), India Post Payments Bank (IPPB) reaffirmed its commitment to the welfare of Shramiks (labourers) by focusing on providing essential services and benefits for the unorganised sector workforce.
- Launch of Antyodaya Shramik Suraksha Yojana (ASSY):
- The Antyodaya Shramik Suraksha Yojana (ASSY), an affordable insurance scheme, was introduced to offer comprehensive protection to unorganised sector workers.
- Launched by the Hon’ble Chief Minister of Gujarat on 8th July 2023 at Kheda, Gujarat, this scheme provides workers with a safety net and financial support in times of need.
- Scheme Impact:
- 6,97,531 policies have been issued to Shramiks under the scheme since its launch.
- 355 claims have been successfully settled, amounting to a total claim payout of ₹5,41,17,754.
- IPPB’s Role and Partners:
- The scheme is facilitated through IPPB with the support of six insurance partners:
- New India Assurance
- Bajaj Allianz General Insurance
- TATA AIG General Insurance
- Niva Bupa Health Insurance
- Aditya Birla Health Insurance
- Start Health
- The scheme is facilitated through IPPB with the support of six insurance partners:
- IPPB’s Infrastructure:
- India Post Payments Bank aims to bridge the gap for unbanked and underbanked populations, ensuring that essential services reach the last mile through its extensive postal network.
- The network includes approximately 1,65,000 Post Offices (with 140,000 in rural areas) and 3,00,000 Postal employees.
- Leadership:
- Mr. R. Viswesvaran serves as the MD & CEO of India Post Payments Bank (IPPB).
IPPB’s efforts reflect a strong commitment to improving the financial and social well-being of India’s labour force, especially
