Aam Aadmi Bima Yojana
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Aam Aadmi Bima Yojana

India is the world's second-most populous country. India is also classified as a developing nation. As a result, a large number of people belong to the low-income category. The Indian government has introduced various schemes for individuals to fight the serious issue of poverty. The Aam Admi Bima Yojana is one such scheme that was intended to provide financial help in times of need.

What is Aam Aadmi Bima Yojana?

Aam Admi Bima Yojana was launched on October 2, 2007. It is an Indian social security scheme that aims at the low-income families of India. Fishermen, car drivers, cobblers, and others who are normally not on payroll can get the benefits from this scheme. Due to their low income, individuals may not consider saving money to prepare for a major event such as death or disability. The Aam Aadmi Bima Yojana (AABY) provides financial aid to the people to deal with such unfortunate circumstances.

Eligibility Criteria

Every Indian citizen is not eligible for Aam Aadmi Bima Yojana. To enroll in the scheme, an applicant must meet specific eligibility criteria. Here is the list of eligibility for your reference:

  • Entry AgeTo be eligible for Aam Aadmi Bima Yojana, one has to come under 18 years to 59 years of age
  • Income The applicant should belong to a Below Poverty Line (BPL) family.
    Persons belonging to a rural landless household fall under the eligibility of the scheme.
  • Members coveredOne member of the family will be eligible to get coverage. He/she should be the sole earner of the family.

Features of Aam Aadmi Bima Yojana

Aam Admi Bima Yojana provides social security to people belonging to low-income families. The plan has the following features:

Affordable

The premium cost of Aam Aadmi Bima Yojana is extremely low. This makes the plan more affordable, and you don’t have to think about arranging money for paying the premiums. Moreover, the government pays half of the premium cost.

Technologically Advanced Insurance

The government is trying to provide better services to the general public with the help of the advancement of technology. Aam Aadmi Bima Yojana is one such example. All members' data is digitized and tracked using a web-based system that enables quick transfer of information when needed. This proves to be helpful at the time of Claim Settlement too.

Prompt Assistance

Members can easily get their queries resolved by contacting the nearest Life Insurance Corporation (LIC) branch. You can reach out to the team via call, email or personal visit.

Benefits of Aam Aadmi Bima Yojana

AABY provides the following benefits to the members of the plans:

  1. Natural Death

    The Aam Aadmi Bima Yojana covers people between the age group 18 to 59. If a member of this plan dies due to natural causes, LIC pays a Death Claim of INR 30,000.

  2. Coverage for Disability

    A family member's disability comes as a huge shock to the rest of the family. If the person is the sole breadwinner, then the family may suffer emotionally as well as financially. AABY provides a financial boost to the household.

  3. Amount of Disability Claim

    • Partial Disability: INR 37,500
    • Permanent Disability : INR 75,000
  4. Accidental Benefits

    Accidents are unpredictable and can result in serious consequences. Aam Aadmi Bima Yojana covers Accidental Death & the nominee receives payment of INR 75000 under this coverage.

  5. Scholarship Benefits

    This plan ensures that at least two children in the family receive uninterrupted education. It provides a free scholarship of INR 100 per month to eligible students from grade 9 to grade 12 on a half-yearly basis.

What is Covered under Aam Aadmi Bima Yojana?

Aam Aadmi Bima Yojana provides coverage to eligible members at the time of an unfortunate event. Take a look at what is covered under the policy:

  • Death due to Natural CausesA death certificate is required at the time of claim.
  • Death due to AccidentsA medical certificate that shows the cause of death as an accident is required at the time of claim.
  • Partial Disability or Permanent Total DisabilityA medical certificate from a government medical practitioner that shows the nature of the disability will be required at the time of claim.

Occupations/Vocations Covered under Aam Aadmi Bima Yojana (AABY)

The scheme covers a wide range of occupations, making it easier to identify those who are eligible. The following occupations are low-income occupations by nature, and those who work in these particular sectors are eligible to avail of the benefits of AABY.

Anganwadi teachers Firecrackers’ workers Manufacture of paper products Rural poor Transport drivers association
Agriculturists Fishermen Manufacture of wood products Safai karamcharisScheme for the urban poor Transport karamcharis
Auto drivers or rickshaw pullers Food stuffs like sugar or khandsari Mineral products like earthen toys manufacture Safai karamcharis Unorganized workers covered under the Rashtriya Swasthya Bima Yojana
Beedi workers Forest workers Overseas Indian workers Scheme for the urban poor Women associated with self-help groups
Brick kiln workers Hamals Papad workers who are associated with SEWA Sericulture Women of hilly areas
Carpenters Handicraft artisans Physically handicapped people who are self-employed Sheep breeders Kotwal
Chemical products like candle manufacture Handloom & Khadi Weavers/Handloom Weavers Plantation workers Salt growers Overseas Indian Workers
Cobblers Lady tailors Powerloom workers Tendu leaf collectors Unorganized workers covered under RSBY
Coconut processors Leather and tannery workers Primary milk producers Textile Printing products
Construction workers Manufacture of leather products Rubber products Toddy tappers Coal products

Aam Aadmi Bima Yojana Premiums

The Aam Admi Bima Yojana was introduced with an objective to help people who fall Below the Poverty Line (BPL) in India, as well as those who are just slightly above it. This Yojana's actual premium is INR 320. However, depending on the region, it is decided whether the premium would be paid by the Central Government, State Government or Nodal Agency.

This helps individuals who fall Below the Poverty Line to get the right kind of medical aid without constraints.

What is Not Covered?

Here is a list of exclusions (things covered) of Aam Aadmi Bima Yojana:

  • Attempt to Suicide or Self Inflicted Injuries
  • Injuries/ Accidents arising out of dangerous & adventurous sports
  • Death or disability due to a war-like situation in the country
  • Mental Disorders
  • Loss of life or Disability due to Substance abuse
  • Injuries arising out of Illegal Activities

How To Enroll In Aam Aadmi Bima Yojana?

The process of enrolling in the Aam Aadmi Bima Yojana is not the same as buying a normal Insurance Plan. Since it is a national scheme, the applicant must go to an appointed Nodal agency to complete the enrollment process. Any institutional arrangement by the Central or State governments or Union Territory of India is considered a Nodal Agency.

While applying for this plan you must include the nominee's name. This is necessary for filing claims. If the nominee of the policy is not mentioned, the family member may not be eligible for the plan's benefits.

Documents Required To Apply for Aam Aadmi Bima Yojana

  • Application Form
  • Identity Proof
  • Income Certificate
  • Address Proof
  • Nominee application form

How To Download Aam Aadmi Bima Yojana Application Form?

The AABY is an Indian government-sponsored social security scheme. India is a secular country, where a huge diversity of people exists, who speak different kinds of languages.

Aam Aadmi Bima Yojana Form PDF or instructions to apply for the scheme are available on each State Government's official website. For example - If you live in Uttar Pradesh, you need to visit the website of the State Government of Uttar Pradesh to get all the relevant information.

Information related to the Application Form of Aam Aadmi Bima Yojana is also available on the websites.

This ensures convenience for different people who speak different languages.

How To File a Claim for Aam Aadmi Bima Yojana?

For your convenience, we have enlisted Claim Settlement steps against the four possible situations which against which the claims can be filed:

Claim Procedure For Death

File a Death Claim

When the policyholder dies within the coverage tenure of the policy, the nominee can make a death claim on LIC.

Submission of Documents

The nominee has to fill a Death Claim Form and submit it along with the Death Certificate of the policyholder to the designated Nodal Agency.

Claim Verification

The officer of the Nodal Agency checks and verifies the claim form.

Claim Procedure For Accidental Death

In addition to the above mentioned steps, certain additional documents are required to be submitted, in the case of Accidental Death.

  • Copy of FIR filed with the local police
  • Post mortem report
  • Police inquest report
  • Final Report of the police

Once the documents are verified, the death claim is paid to the nominee/ beneficiary.

Claim process for Disability

The policyholder can raise a claim for Disability by submitting the following documents:

  • Documentary proof of accident
  • A medical certificate issued by a qualified Government Civil Surgeon or Government Orthopaedic Surgeon, which certifies that the Insured is totally or partially disabled for the rest of his/her life

Claim process for Scholarship Benefit

The policyholder can raise a claim for Disability by submitting the following documents:

  • The beneficiary must fill out the Aam Aadmi Bima Yojana Scholarship Online Application Form half-yearly and submit it to the designated Nodal Agency.
  • The Nodal Agency will choose the qualified students. For one child, this free scholarship add-on pays INR 100 per month.
  • The student list will be forwarded to the concerned P&GS unit. Important details which are included:
  • Name of the student
  • Name of the school
  • Class in which the student is studying
  • AABY master policy number
  • Name of the policyholder
  • NEFT details
  • Membership number
  • The Aam Admi Bima Yojana Scholarship Benefit amount will be processed by NEFT to the student's account on July 1st and January 1st of each year.
  • If such an account does not exist, other payment options will be considered.

It should be noted that the scholarship is only offered to a maximum of two children from an eligible family who is studying in between 9th or 12th grade.

Contact Information

The LIC offers the Aam Admi Bima Yojana & it is responsible for addressing customer grievances.

You can find the Aam Admi Bima Yojana Helpline Number on the official website of LIC.

You can also visit the nearest LIC branch for any kind of assistance.

Written By : Naval Goel

Last Updated : October, 2021

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.

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October 18, 2021

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Delhi

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October 12, 2021

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