Aam Aadmi Bima Yojana: The government-sponsored Aam Admi Bima Yojana (AABY) social security program seeks to give India’s unorganized people access to reasonably priced life insurance. Life Insurance Corporation of India (LIC) is in charge of overseeing the program, which was introduced in 2007.
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Aam Aadmi Bima Scheme Highlights
| Name of the Scheme | Aam Aadmi Bima Yojana 2024 |
| Launch Date | January 2013 |
| sponsored by | Central government |
| concerned agency | LIC |
| planning area | |
| Official website | Licindia.in, financialservices.gov.in |
| Application Mode | Online / Offline |
| helpline number | 022 6827 6827 (LIC Services) |
| Not Available |
The main objective of Aam Aadmi Bima Yojana
The main objective of this program is to provide life insurance to low-income families. Under this initiative, insurance will be available to all citizens of the country. Under the LIC Aam Aadmi Bima Yojana, financial assistance would be provided in the event of both death and disability. If the beneficiary enrolled in this scheme dies or becomes incapacitated, the beneficiary’s family will receive a sum of money between $30,000 and $75,000. Low-income families will be helped by this project to combat the financial support that follows a family member’s passing or incapacity.
Benefits of Aam Aadmi Bima Yojana
- In rural and unorganized regions, low-income households will have access to these programs.
- AABY 2024 provides death and disability benefits and guarantees that at least two children in the household will finish their education without interruption.
- Under this insurance scheme, up to two kids in classes 9 through 12 would be eligible for a Rs 300 scholarship each. A single payment per six months will be made.
- LIC I Am Aadmi Under the Bima Yojana A nominee will get Rs. 30,000 if a member of a low-income household passes away naturally while the insurance is in force.
- If an accident or handicap causes the registered person’s death, the nominee will get 75,000 as per the policy.
Eligibility Criteria
- The candidate has to be an Indian citizen.
- The age range of the applicant should be 18 to 59.
- For this initiative, the applicant must be below the federal poverty line (BPL).
- homes in any of the program’s designated occupational groupings, with earnings barely above the poverty level.
- Families without land in rural areas would also be considered eligible for this scheme.
- There should only be one wage earner in the family, and the beneficiary should be the head of the household.
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Beneficiaries of LIC Aam Aadmi Bima Yojana
- Cobblers
- Fishermen
- Bidi workers
- Handloom weavers
- Handicraft artisans
- Khadi weavers
- Leatherworkers,
- Women tailors
- Physically challenged,
- Self-employed citizens,
- Papad workers
- Milk producers
- Auto drivers
- Rickshaw drivers
- Sweepers,
- Forest workers
- Urban Poor
- Paper producers
- Farmers
- Anganwadi teachers
- Construction workers
- Plantation workers, etc.
Natural and Accidental Death Case
- After the insured passes away, the nominee for the insured must file a claim with LIC.
- The death certificate must be included with the completed and submitted death claim form by the candidate.
- The information on the claim form will then be verified by the officer.
- After verification, the beneficiary’s account will receive the claim amount.
- In the event of a natural death, a claim form and death certificate are required.
- In the case of a fatality caused by an accident, copies of the police investigation report, the post-mortem report, the final police report, and the first police report must be provided.
The Aam Aadmi Bima Yojana budgetary amount
Under this plan, life insurance will be provided under several circumstances, all of which are listed below:
| Area | Amount given |
| Due to Natural Cause | Rs- 3000 |
| In case of Bus accidental death | Rs- 7000 |
| In case of Handicap | Rs- 75000 |
| Mentally Handicap | Rs- 35700 |
Documents Required
- School Certificate Proof
- Voter ID
- Mobile Number
- Passport Size Photo
- Applicant’s Aadhar Card
- Ration Card
- Birth Certificate
How to Apply Online under Yojana 2024
If any interested national recipients would want to apply online for this program, please follow the instructions below.
- First, the applicant visits the Aam Aadmi internet site. the house page will appear when you visit the professional website.
- The LIC Aam Aadmi Bima Yojana Apply Online option will be visible on this home page; you must select it.
- The application form will appear in front of you after you click on the choice. Every field requested on this application form must be filled out.
- You must click the submit button after completing all the required fields. This is how the application will be sent to you.
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Procedure to Apply Offline
- Beneficiaries who are inquisitive about applying offline underneath this scheme should first go to the lic nodal organization. then you need to head there and pick out the application.
- You should whole the application form after obtaining it and provide all the facts. After all the information has been entered, the application form must be attached with the relevant files.
- You have to practice at the LIC office after that. You can complete your offline software in this way.
- You may get similar details at the Aam Aadmi Bima yojana by texting or calling the variety furnished below.
- You could text content Lichelp to 9222492224 or 56767877. incapacity claim
LIC Aam Aadmi Bima Yojana Claim Process
- Under this program, the central government transfers the claim money to the beneficiary’s account using NEFT.
- If the NEFT facility is unavailable, the claim amount is deposited into the beneficiary’s account once the officer approves.
- If there is an accident, the beneficiary may also claim this amount on his behalf; if the beneficiary passes away, his nominee may also make a claim.
- As filming is going on, the nominee needs to turn in the death certificate.
- In addition, there is a requirement to present a document certifying that the deceased was the head of the family and the main provider.
- The insured must claim this plan in the event of disability.
- The insured shall provide all necessary supporting documentation for the claim at the time of submission.
- The beneficiary is required to present official accident documentation in the event of a disability.
- Furthermore, in the event of a handicap, it is imperative to present a certificate issued by the Government Civil Surgeon or Government Orthopedician, stating that the condition resulted from an accident.
The claim process for claiming the scholarship amount
- Under this plan, the central government uses NEFT to send the claim money to the beneficiary’s account.
- The nodal department will designate which student is the beneficiary.
- Following this, the nodal department will provide the relevant P&GS unit with a list of all qualified beneficiary pupils.
- This list will have all of the students’ information available.
- The scholarship money is transferred to the student’s account via NEFT by LIC on July 1st and January 1st of each year.
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FAQ’s
Q: What is the nature of partial disability covered under Aam Aadmi Bima Yojana?
Ans: The Aam Aadmi Bima Yojana (AABY) offers coverage to people who become partially disabled as a result of losing one or both of their eyes or limbs. Even with their partial disability, some people might still be able to carry out daily activities or work to support themselves.
Q: By whom was the Aam Adma Yojana introduced?
Ans: The program, which is run by the Life Insurance Corporation of India (LIC), was first introduced in 2007.
Q: How Can I Apply for the Amma Aadmi Bima Yojana LIC?
Ans: Fill out the forms and send the relevant paperwork to the LIC office to apply for the Aam Aadmi Bima Yojana LIC.
Q: Why is it necessary for members to provide their NEFT details when they enlist in AABY?
Ans: Assuring a more seamless and effective claim procedure for the insured and the insurer requires sharing the members’ NEFT information at the time of enrollment. In the case of a claim, using these facts will speed up and simplify the process.
Q: The Aam Aadmi Bima Yojana began when?
Ans: The Aam Aadmi Bima Yojana was introduced on October 2, 2007.
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