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    Friday, 7 August 2015

    AAM AADMI BIMA YOJANA: PROVIDES DEATH AND DISABILITY COVER TO PERSONS BETWEEN THE AGE GROUP OF 18 YRS TO 59 YR

    Press Information Bureau 
    Government of India
    Ministry of Finance
    07-August-2015 17:42 IST

    Aam Aadmi Bima Yojana: Provides Death and Disability Cover to Persons Between the Age Group of 18 Yrs To 59 Yr 

    Aam Admi Bima Yojana (AABY) is a Government of India Social Security Scheme administered through Life Insurance Corporation of India (LIC) that provides Death and Disability cover to persons between the age group of 18 yrs to 59 yrs, under 48 identified vocational/ occupational groups /rural landless households. It is a group insurance scheme implemented through a Nodal Agency such as a Central Ministry/ Department; State Government /Union Territory or other institutionalized arrangements/ registered NGO. The AABY provides insurance cover for a sum of Rs 30,000/- on natural death, Rs. 75,000/- on death due to accident, Rs. 37,500/- for partial permanent disability (loss of one eye or one limb) due to accident and Rs. 75,000/- for total permanent disability (loss of two eyes or two limbs or loss of one eye and one limb) due to accident. The Scheme also provides an add-on-benefit, wherein Scholarship of Rs 100 per month per child is paid on half-yearly basis to a maximum of two children per member, studying in 9th to 12th Standard.

    The total annual premium under the scheme is Rs. 200/- per beneficiary of which 50% is contributed from the Social Security Fund created by the Central Government and maintained by LIC. The balance 50% of the premium is contributed by the State Government / Nodal Agency / Individual, as the case may be.

    The State/UT-wise details of the total number of beneficiaries covered under AABY are given in Annexure A.

    Government of India has set up a Centralized Social Security Fund and Aam Admi Bima Yojana Scholarship Fund. The same is being administered by LIC. There is no State/UT-wise allocation of these funds. The due amounts required for settling Premium and Scholarships are debited from these funds.

    The outgo of these funds towards Payment of Premium & Scholarships settled during last three years and the current year are given as per Annexure B.

    ANNEXURE A
    STATE/UT-WISE AABY COVERAGE AS AT JUNE 2015
    (no. of beneficiaries)
    STATES
    AABY Coverage 2014-15 as on 31.03.2015
    Coverage upto 30.06.2015 for FY 2015-16
    ANDHRA PRADESH
    7704878
    8297834
    ARUNACHAL PRADESH
    27695
    27695
    ASSAM
    427595
    440902
    BIHAR
    520926
    559790
    CHANDIGARH
    5118
    5425
    CHHATTISGARH
    1721516
    1805631
    DELHI
    47746
    49207
    GOA
    50221
    50221
    GUJARAT
    897894
    943617
    HARYANA
    109379
    109514
    HIMACHAL PRADESH
    75772
    77803
    J & K
    104814
    122632
    JHARKHAND
    341829
    365687
    KARNATAKA
    3117093
    3418619
    KERALA
    1341006
    1587547
    MADHYA PRADESH
    7145760
    7146118
    MAHARASHTRA
    8098658
    8109302
    MANIPUR
    29962
    31198
    MEGHALAYA
    25727
    25727
    MIZORAM
    4588
    4758
    NAGALAND
    7617
    10408
    ORISSA
    2123801
    2511871
    PUDUCHERRY
    96636
    102632
    PUNJAB
    1259911
    1260386
    RAJASTHAN
    2024434
    2058831
    SIKKIM
    2566
    2623
    TAMIL NADU
    1277084
    1405521
    TELANGANA
    2076886
    2091294
    TRIPURA
    40804
    40970
    U.P
    1312517
    1315611
    UTTRANCHAL
    748170
    750859
    WEST BENGAL
    437263
    472016
    A&N ISLAND
    1399
    1399
    LAKSHDWEEP
    203
    203
    DAMAN & DIU
    202
    202
    DADRA & N HAVELI
    482
    482
    ALL INDIA TOTAL
    43208152
    45204535

    ANNEXURE B

    SOCIAL SECURITY FUND     (Amount in  Rs. Crore)
    YEAR
    OUT GO TOWARDS PREMIUM
    (A)
    (B)
    2012-13
    569.10*
    2013-14
    296.30
    2014-15
    340.76
    2015-16
    (As on 30.06.2015)
    25.74

    *in the year 2012-13 Scholarships under the erstwhile Janashree Bima Yojana (JBY) were being settled through Social Security Fund(SSF) for which the bifurcation is Rs. 422.22 Cr Premium outgo and Rs.146.88 Cr Scholarship paid (Total Rs.569.10 Cr)


    AABY SCHOLARSHIP FUND   (Amount in Rs. Crore)
    YEAR
    OUTGO TOWARDS AABY SCHOLARSHIP SETTLED
    (A)
    (B)
    2012-13
    119.39
    2013-14
    279.00
    2014-15
    274.96
    2015-16
    (As on 30.06.2015)
    22.50

    This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today. 

    *****

    Source:- PIB

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