The Aam Aadmi Bima Yojana(AABY) is a Government Of India Social Security Scheme administered through Life Insurance Corporation Of India that provides Death and Disability cover to persons 48 identified vocational/occupational groups/ rural landless households/unorganized workers. It is a group insurance scheme implemented through a Nodal agency such as a Central Ministry/Department, State Government/ Union territory or any other institutionalized arrangement registered NGO.

DETAILS OF THE SCHEME

Eligibility Criteria for Aam Aadmi Bima Yojana:

1. The Applicant should be aged between 18 and 59.
2. The member should normally be the head of the family or one earning member of the below poverty line family (BPL) or marginally above the poverty line under identified vocational group/rural landless household.

Documents Required:

1. Ration Card
2. Extract from Birth Register
3. Extract from School Certificate.
4. Voter’s List
5. Identity card issued by reputed employer/Government Department.
6. Unique Identification Card( Aadhar Card).

Premiums:

The premium to be charged initially under the scheme will be Rs.200/- per annum per member for a cover of Rs.30,000/-, out of which 50% will be subsidized from the Social Security Fund . In case of Rural Landless Household (RLH) remaining 50 % premium shall be borne by the State Government/ Union Territory and in case of other occupational group the remaining 50% premium shall be borne by the Nodal Agency and/or Member and/or State Government/ Union Territory.

Benefits:

Procedure for Claim:

The death or disability claims which are under this scheme are supposed to be settled by the P&GS Unit of LIC. They make a direct payment to the beneficiaries through NEFT. In the case that there isn't a NEFT facility available, the money for the claim is directly transferred to the bank account of beneficiaries. This would also require prior approval from competent authority, the A/C payee cheque or claim can be paid by any other mode as decided by LIC.

1. Death Claim Procedure

1. In the event of death of the member during the period of coverage and while the policy is in force, an application has to be made by his/her nominee.
2. This application should be made along with a Death Certificate for payment of claim amount to the designated official of the Nodal Agency.
3. The designated official of the particular Nodal Agency has to then verify the claim papers
4. The officer will then submit the documentation and application along with the death certificate and a certificate that the deceased member was head /earning member of the family belonging to the BPL/Marginally above BPL family under the eligible occupations under the scheme.
   Nodal Agency has to submit the following with the application:
   • Claim Form duly completed in all respects
   • Original death certificate along with a copy duly attested.

Accident Claim Procedure:

In case of accident benefit claim additional requirements have to be submitted along with the Death Registration Certificate. This includes:

• Copy of FIR
• Post Mortem Report
• Police Inquest Report
• Police Conclusion Report / Final Report of Police.

Scholarship Claim Procedure:

1. The member whose child is eligible for scholarship shall fill up an application form half yearly and submit it to the Nodal Agency. The Nodal Agency will identify the students.
2. The Nodal Agency in turn will submit the list of beneficiary students to the concerned P&GS unit with full details such as name of the student, school's name, class, member's name, master policy no., membership no. and NEFT details for direct payment.
3. Every half year, for 1st July and 1st January, each year LIC will credit the scholarship payment to the Account of the beneficiary student, by NEFT.

OCCUPATIONS/ VOCATIONS COVERED UNDER THE YOJANA:

State Wise Coverage: