Aam Aadmi Bima Yojana

Aam Aadmi Bima Yojana is a vital social security scheme introduced by the Government of India, aimed at supporting the people of rural and landless households. Beneficiaries can apply without any cost, as the premium of Rs. 200 is jointly shared by the Central and State Governments. This initiative provides essential financial protection to those most in need.

The scheme is expertly managed by the Ministry of Finance under the Government of India. It was formed by merging two schemes: Aam Admi Bima Yojana and Janashree Bima Yojana. This article provides a comprehensive overview of the features, benefits, eligibility criteria, and procedures for claiming the benefits of the scheme in detail.

Salient Features

Aam Aadmi Bima Yojana aims to transform the socio-economic landscape of rural India by providing essential social security and financial aid. This scheme is not limited to those below the poverty line, as it also benefits households without access to urban amenities, such as hospitals or pharmacies. It extends its support to those lacking proper aid, including India's valued middle-class citizens.

Benefits of the Scheme

If a policyholder has a natural death, the nominee or family member receives Rs. 30,000.
In case of accidental death or permanent incapacitation, Rs. 75,000 is provided to the nominee or family member.
For permanent partial disability due to an accident, such as the loss of an eye or limb, Rs. 37,500 is provided to the nominee or family member.

Note: Scholarship benefits are offered to two of the beneficiary's children pursuing grades 9 to 12, with a scholarship of Rs. 100 per month for each child, disbursed semi-annually.

Eligibility

Applicants must be aged between 18 and 59 years.
Applicants should be the head or an earning member of the family.
Applicants must belong to families identified as below poverty line (BPL) or be a part of rural landless households or vocational groups.

Documents Required

Family Smart Card
Aadhaar Card
Extract from Birth Register
Extract from School Certificate
Voter's List
Identity Card issued by a reputed employer/government department

Premium

The policyholder pays no premium, as the Rs. 200 premium is evenly divided between the Central and State Governments. Of the Rs. 30,000 insurance amount, 50% is subsidized by the Social Security Fund. The remaining 50% is funded by the State Government and the Nodal agency for rural landless households and other occupational groups, respectively.

Nodal Agency

The nodal agency is a key office assigned for consultation, supervision, execution, or implementation concerning a particular government scheme or project.

Claim Procedure

The P&GS Unit of LIC manages claims related to death or disability, transferring payments via NEFT or directly to the beneficiary's bank account. Beneficiaries must submit approval from relevant authorities to LIC before receiving the claim amount.

Death Claim Procedure

Applications are submitted along with the death certificate to the nodal agency official.
The official verifies the claim papers, including death certificates and economic status verification (BPL or above BPL).
Following a thorough check, the nodal agency submits attested copies to finalize claims.

Accident Claim Procedure

Submit the death registration certificate, FIR copy, postmortem report, and police conclusion report to the nodal agency.

Scholarship Claim Procedure

Every six months, applications are processed by the nodal agency, which verifies student details for scholarship disbursement. The confirmed student lists, along with necessary details, are sent to the P&GS unit for direct payment through NEFT or bank credit.

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Frequently Asked Questions

Common questions about Aam Aadmi Bima Yojana: Rural Social Security Scheme.

The Aam Aadmi Bima Yojana is a social security scheme introduced by the Government of India. It focuses on providing financial aid and security to people from rural and landless households. The Central and State Governments share the premium cost of Rs. 200 for the beneficiaries.

The eligibility criteria for the Aam Aadmi Bima Yojana include being the head of a family aged between 18 and 59 years. The applicant should be from a below poverty line (BPL) family, a rural landless household, or a vocational group.

In case of natural death, the nominee or family member receives Rs. 30,000. For accidental death or permanent disability, the benefit is Rs. 75,000. In case of permanent partial disability resulting in loss of an eye, limb, or other mishap, the benefit is Rs. 37,500.

Yes, the scheme provides a scholarship benefit of Rs. 100 per month for two children of the beneficiary studying in grades 9 to 12. The amount is paid half-yearly.

The documents required include a Family Smart Card, Aadhaar Card, Birth Certificate extract, School Certificate extract, Voter's List, or an Identity Card issued by a reputed employer or government department.

The P&GS Unit of LIC settles claims related to death or disability. The payment is made through NEFT or directly credited to the beneficiary's bank account after verification by the concerned authorities.

The nominee or family member needs to submit the application along with the death certificate to the Nodal Agency. The Nodal Agency verifies the documents and forwards them to LIC for processing the claim.

For accident claims, along with the death certificate, documents like the FIR copy, postmortem report, police inquest report, and final police report need to be submitted to the Nodal Agency.

The Nodal Agency is responsible for consultation, supervision, execution, and implementation of the scheme. It verifies the eligibility and documents of beneficiaries and forwards them to LIC for claim settlement.

The application for the scholarship benefit, along with the student's details, needs to be submitted to the Nodal Agency every six months. The Nodal Agency verifies the students and forwards the list to LIC for crediting the scholarship amount.