Aam Aadmi Bima Yojana
Ministry Of Labour and Employment
About This Scheme
The Aam Aadmi Bima Yojana (AABY) is a social security scheme launched by the Ministry of Labour & Employment, Government of India, and implemented through LIC. It provides death and disability coverage to members of 48 specific occupational/vocational groups, rural landless households, and unorganized workers. Beneficiaries aged 18–59 years pay subsidized annual premiums of ₹200 for insurance coverage. Additionally, scholarships are granted for children studying in grades 9–12, ensuring holistic family welfare.
Eligibility
- The applicant should be aged between 18 and 59 years. - The applicant should normally be the head of the family or an earning member. - The applicant’s family should be categorized as below the poverty line (BPL) or marginally above the poverty line. - The applicant should belong to an identified occupational or vocational group. - The applicant should be part of a rural landless household.
Benefits
> Life Insurance Coverage: - Natural death: ₹30,000/- - Death due to accident: ₹75,000/- > Disability Benefits: - Total permanent disability (loss of two eyes or two limbs) due to accident: ₹75,000/- - Partial permanent disability (loss of one eye or one limb) due to accident: ₹37,500/- Scholarship: - Two children of the beneficiary studying between 9th to 12th Standard shall receive ₹100/- per month (for each child half yearly – on 1st July and on 1st January, each year). > Annual Premium Amount: ₹200/- per member. - Subsidy from Social Security Fund (SSF): 50% of the total premium (₹100/-) is subsidized by the Government of India through the Social Security Fund (SSF). - Premium Payment for Rural Landless Households (RLH): The remaining 50% of the premium (₹100/-) is paid by the respective State Government or Union Territory. - Premium Payment for Other Occupational Groups: The remaining 50% of the premium (₹100/-) is covered by a combination of contributions from the Nodal Agency, the Member, and/or the State Government/Union Territory.
How to Apply
Where This Comes From
This scheme was sourced from myScheme, the Government of India's official Central+State scheme discovery portal, and reviewed by an editor before publishing. Use the button above to read the full details and apply directly on the official source.