$400m needed for insurance of villagers, nomads: minister

December 9, 2018

TEHRAN – The minister of labor, cooperatives and social welfare has called on the Planning and Budget Organization to allocate a total budget of 17 trillion rials (about $400 million) for insurance coverage of the villagers and nomads in the next Iranian calendar year (starting March 21, 2019), Fars reported on Sunday.

In a letter to Mohammad Baqer Nobakht, the head of the Plan and Budget Organization, Mohammad Shariatmadari, pointed to a 1.7 million rural and nomad households covered by insurance, while a 3.2 million households are not being under any insurance coverage. 

“This would make these families vulnerable as they are not provided with any life or income protection insurance, and pension,” Shariatmadari lamented.

To address the shortcoming the minister requested a budget amounting to 17 trillion rials (about $400 million) to cover all the villagers and the nomads within the framework of the budget bill for the upcoming fiscal year. 

Leave a Comment

1 + 16 =