This is a Centrally Sponsored Scheme. Under this component ,fisher folk /Licensed /identified or registered with the State /UT Governments would be insured for Rs 2,00,000/- against death or permanent disability and Rs.1,00,000/- for partial permanent disability and a cover of Rs.10,000/- towards hospitalization expenses in the event of accident. The insurance cover will be for a period of 12 Months and a policy will be taken by FISHCOPFED. The National Fishermen’s Cooperative Federation, New Delhi is identified as a nodal agency for implementation of the scheme which takes a group policy in favors of fishers of all participating States and UTs. All the active fishers of the State are insured for Rs.2.00 lakh against death and Rs 1.00 lakh for partial disability. Premium of Rs.20.27ps to each fisher is shared by the GOI and GOAP equally. All the active fishermen and women either by caste or profession in the age group of 18-70 years are covered under this scheme.