Economic security, which is a vital aspect of our society, can be defined, “as a state of mind or a sense of well being by which an individual is relatively certain that he or she can satisfy basic needs and wants, both present and future”. If a person is not happy, unable to satisfy his wants, depressed, psychologically comfortable, experiencing fear etc. it means he is insecure. If large number of people are placed in this situation it certainly requires government intervention. In India the government has launched several social insurance schemes. All these have been developed and implemented through nationalized insurance organizations.

KEYWORDS:  Landless Agricultural Labourers and Group Insurance Scheme, Rural Group Life Insurance Scheme, Janashree Bima Yojana, Shiksha Sahayog Yojana.