LIC Aam Aadmi Bima Yojana:- For the citizens’ protection, the LIC Aam Aadmi Bima Yojana was initiated in this location. People like fishermen, farmers, laborers, village residents without access to land, washermen, cobblers, and other citizens will all be covered by insurance under the LIC Aam Aadmi Bima Yojana. Citizens between the ages of 18 and 60 can invest in the program to receive the benefit of security insurance.
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LIC Aam Aadmi Bima Yojana 2024
For the citizens’ protection, the LIC Aam Aadmi Bima Yojana was initiated in this location. People like fishermen, farmers, laborers, village residents without access to land, washermen, cobblers, and other citizens will all be covered by insurance under the LIC Aam Aadmi Bima Yojana. Citizens between the ages of 18 and 60 can invest in the program to receive the benefit of security insurance.
As a result, if a citizen sustains a handicap or is involved in an accident, the insurance firm will offer him coverage for between Rs. 30,000 and Rs. 75,000. The applicant will be required to pay an annual premium (insurance premium) of Rs 200 for this. The policyholder’s nominee will receive the sum promised if the applicant passes away before turning 60. His family members won’t experience any issues as a result.
LIC Aam Aadmi’s Overview Yojana Bima
| Name of the scheme | LIC Aam Aadmi Bima Yojana |
| Year | 2024 |
| Was started | By LIC |
| Beneficiary | Lower class landless families and agricultural farmers |
| Objective | providing life insurance |
| Benefit | Life insurance cover for workers |
| Category | Lower-class landless families and agricultural farmers |
| Official website | www.licindia.in/ |
Also Read:- Digital Voter ID Card
Objective
This scheme’s primary goal is to give life insurance to those from low-income families. With the LIC Aam Aadmi Bima Yojana 2023, each recipient nationwide would have the opportunity to obtain insurance. Financial support will be given under this plan in the event of both death and disability. A financial support payment of between Rs 30,000 and Rs 75,000 will be made to the family of a citizen registered under this scheme in the event of the citizen’s death or disability. Under LIC Aam Aadmi Bima Yojana 2021, underprivileged families will get aid in combating financial difficulties due to the death of a family member or their handicap.
Benefits
- Benefits under the LIC Aam Admi Bima Yojana will be given to lower-class and impoverished rural families living in unorganized areas.
- Residents would be eligible for death benefits and disability benefits under the LIC Aam Aadmi Bima Yojana.
- The two children in the household will also be guaranteed ongoing attendance at school.
- A maximum of two children enrolled in grades 9 through 12 will receive scholarships under this program, valued at ₹ 300 each.
- The benefits under this program will be given on a six-monthly basis if a member of the low-income household passes away naturally within the insurance coverage period.
- As a result, the nominee will receive ₹30,000, and if the registered person passes away from an accident or incapacity, the nominee will receive ₹75,000 by the policy.
Eligibility Criteria
- Age Range: Anyone between the ages of 18 and 59 is eligible to participate in the program.
- Income Limit: The candidate must come from a household that makes less than Rs. 1,000,000 per year and be below the poverty level.
- Occupational Requirement: The candidate must work in any of the following fields: handcraft artisans, fishermen, landless agricultural laborers, rural artisans, weavers, and individuals involved in related activities in rural areas. Furthermore, the program includes coverage for individuals engaged in the following urban activities: street sellers, ragpickers, and sanitation workers.
- Social Security Scheme: The applicant must not be a part of any other government-run life insurance plan or national pension plan, employee’s state insurance plan, or other social security scheme.
What Benefits Are Included in the Aam Aadmi Bima Yojana (AABY) Coverage?
To its qualified members, Aam Aadmi Bima Yojana (AABY) provides a range of coverage benefits. Below is a list of the Aam Aadmi Bima Yojana’s coverage advantages:
- Death Benefit: At the time of claim, a death certificate is necessary.
- Accidental Benefit: A medical document indicating the reason for death is necessary.
- Impairment benefit: It is necessary to provide a government-issued medical certificate outlining the particulars of the impairment.
The amount of coverage benefit that you will receive in the event of the following disaster is as follows:
| Coverage | Benefit |
| Death from natural causes | Rs. 30,000 |
| Accidental death | Rs. 75,000 |
| Partial disability | Rs. 37.500 |
| Permanent total disability | Rs. 75,000 |
| Scholarship | Rs. 100 per month per child |
Exclusion
- The scheme does not cover workers in the organized sector, such as government employees or workers in private companies with Provident Funds.
- Those who pay income taxes are not eligible for the program.
- This program does not cover those who are now covered by other insurance policies.
- The approach does not apply to people who do not earn the majority of the family’s income.
- The program does not apply to anybody above the age of 59.
Businesses available under LIC Aam Admi Insurance Scheme
- Brick kiln laborer
- Cobbler
- Fisherman
- Magnification
- Beedi laborer
- Handloom weaver
- Handicraft artisan
- Khadi weaver
- Leatherworkers
- Forest staff
- Urban poor
- Paper producer
- Farmer
- Anganwadi teacher
- Construction workers
- Plantation workers etc.
- Leatherworkers
- Lady tailor
- Physically handicapped self-employed citizens
- Papad worker
- Milk producer
- Auto driver
- Rickshaw puller
- Cleaning staff
- Forest staff
Also Read:- SBI Fixed Deposit Scheme
Amount received under LIC Aam Aadmi Bima Yojana
| Serial Number | Reason | amount received |
|---|---|---|
| 1 | For partial disability | Rs 37,500 |
| 2 | To die in an accident | Rs 75,000 |
| 3 | For scholarship | Rs 1000 |
| 4 | For death from natural causes | Rs 30,000 |
| 5 | Permanent disability | Rs 75,000 |
Required Documents
- Aadhar card
- Birth certificate
- Identity card
- Ration card
- Educational qualification certificate
- Mobile number
- Passport size photo
- Address proof
- Disability Certificate (if any)
How can I apply online for LIC Aam Admi Insurance?
Candidates may apply online for the LIC Aam Admi Insurance Scheme by going to the Life Insurance Corporation of India’s official website. The application process in its entirety is provided here.
- To apply for the LIC Aam Aadmi Insurance Scheme online, go to licindia.in, the Life Insurance Corporation of India’s official website.
- Subsequently, the website’s main page will appear before you.
- Locate the Aam Aadmi Bima Yojana Apply Online option on the front page, then select it.
- You click the link, and the application form appears on your screen.
- Next, print off the completed form.
- All of the information requested on the registration form must now be entered.
- Subsequently, you must affix the form to all required documents.
- At this point, you must visit the relevant office and turn in the form.
- Your application process is now complete.
How can I apply offline for the LIC Aam Aadmi Bima Yojana?
The following is a list of the Aam Aadmi Bima Yojana offline application procedures. Applicants who wish to apply offline for the LIC Aam Aadmi Bima Yojana can follow the instructions provided below.
- To apply for LIC Aam Aadmi Bima Yojana offline, first go to the LIC agency.
- There is an application form for the Aam Aadmi Bima Yojana.
- The information requested on the form is then entered.
- After completing the form completely, attach the necessary papers.
- Once the form has been reviewed, turn it in at the same office where you obtained it.
- Your application process is then finished.
Also Read:- PMJJBY Scheme
FAQ’s
Q.) Who stands to gain from the LIC Aam Admi Bima Yojana?
Ans. Benefits of the LIC Aam Aadmi Bima Yojana: The initiative will provide benefits to laborers, individuals with disabilities, members of economically disadvantaged groups, and those who pass away in natural accidents.
Q.) What is Aam Aadmi Bima Yojana of LIC?
Ans. The age range covered by the Aam Admi Bima Yojana is 18 to 59. LIC gives a death claim of Rs 30,000 if a plan member passes away from natural causes.
Q.) The Aam Aadmi Bima Yojana began when?
Ans. The combination of the social security programs Aam Admi Bima Yojana (AABY) and Janashree Bima Yojana (JBY) has been approved by the Ministry of Finance of the Government of India. The combined initiative, which went into effect on January 1, 2013, is now called the “Aam Aadmi Bima Yojana.”
Q.) Which documents are needed for AABY?
Ans. To take part in the plan, you will need to provide documents such as your Aadhar card, proof of education, ration card, passport-size photo, mobile number, identity card, residence certificate, birth certificate, handicap certificate (if applicable), and so forth.
Q.) What is the anticipated benefit under the scheme?
Ans. Benefits under the Aam Admi Bima Yojana include Rs 37,500 for partial disability, Rs 75,000 for accidental death, Rs 30,000 for natural causes of death, Rs 75,000 for permanent disability, etc.
Q.) Where is the application form available?
Ans. The application form’s link is provided in the article. By clicking on the application form link, candidates can download the form. Following the download, the form will open in a file on your disc, where you can print it off.
Q.) How Does AABY Start the Claim Process?
Ans. If an unlucky incident falls under AABY, the beneficiary or nominee can get in touch with the relevant insurance provider or bank and start the claim procedure by sending in the required paperwork, which includes the claim form, death certificate, and post-mortem report (if the death was accidental).
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