A. Social Protection Schemes
Aam Admi Bima Yojana (AABY):
It was launched on 2 October 2007. The Scheme is being administered through LIC. The scheme providesfor insurance of head of the family or an earning member of the family of rural landless household between the age of 18 to 59 years against natural death as well as accidental death and partial/permanent disability.Under the scheme, the head of the family or an earning member is eligible for receiving the benefit of Rs.30,000 in case of natural death, Rs. 75,000 for accidental death, Rs. 75,000 for total permanent disability, and Rs.37,500 for partial permanent disability. The annual premium payable per member is Rs.200, of which 50% shall bepaid by the Central Government and the remaining 50% by the State Government. A free add on scholarship benefit for the children of the members of AABY is provided under the scheme. Ascholarship at the rate of Rs. 100/- per month will be given to maximum two children studying between 9th to 12thstandard. This scholarship is payable half yearly-on 1st July and on 1st January each year. The scheme has providedinsurance coverage to 1.97 crore lives in the country up to 31 January 2012.
Rashtriya Swasthya Bima Yojana (RSBY)
RSBY was launched by Ministry of Labour and Employment, Government of India on 01 October 2007 toprovide smart card-based cashless health insurance cover for Below Poverty Line (BPL) families. The schemebecame operational from 01 April 2008. The objective of RSBY is to provide protection to BPL households fromfinancial liabilities arising out of health shocks that involve hospitalization.Beneficiaries under RSBY are entitled to hospitalization coverage up to Rs. 30,000/- for most of thediseases that require hospitalization. Pre-existing conditions are covered from day one and there is no age limit.Coverage extends to five members of the family which includes the head of household, spouse and up to threedependents.Beneficiaries need to pay only Rs. 30/- as registration fee while Central and State Government pays thepremium to the insurer selected by the State Government on the basis of a competitive bidding. Central Governmentpays 75% of the total premium (90% in case of Jammu & Kashmir and North east States) while State Governmentpays the remaining premium.The scheme provides for portability of smart cards by splitting the card value for migrant workers. As on 20December 2011, the scheme is being implemented in 23 states /UTs and more than 2.55 crore smart cards havebeen issued.
Janashree Bima Yojana (JBY)
The JBY was launched on 10 August 2000 to provide life insurance protection to rural and urban personsliving below and marginally above the poverty line. Persons between ages 18 and 59 years and who are themembers of the 45 identified occupational groups are eligible for participation in this policy. The amount of annualpremium is Rs 200/- out of each Rs 100/- will be paid by the Central Government from social security fund and restRs 100/- will be paid by the Welfare Department of the State Government. The life Insurance will be done by LifeInsurance Corporation of India. The scheme provides coverage of Rs. 30,000 in case of natural death, Rs. 75,000 incase of death or total permanent disability due to accident, and Rs. 37,500 in case of partial permanent disability.During 2010-11, a total of 2.09 crore lives has been covered under the JBY.
The Unorganized Workers Social Security Act 2008:
The Act came into force from 16 May
2009 with the objectiveof providing social security
to unorganized workers. The Unorganized
Workers’ Social Security Rules 2009 have also
been framed. Constitution of the National Social Security Board in 2009 was another significant
step. The Boardrecommended that social
security schemes, namely the RSBY providing
health insurance, JBY providing death and
disability cover and Indira Gandhi National Old
Age Pension Scheme (IGNOAPS) providing old
age pension beextended to building and other
construction workers, MGNREGA workers, Asha
workers, Anganwadi workers andhelpers,
porters/coolies/gangmen, and casual and daily
National Social Security Fund:
A National Social Security Fund for Unorganized Sector Workers with initialallocation of Rs. 1000 crore has been set up. This Fund will support schemes for weavers, toddy tappers, rickshawpullers, bidi workers, etc
Bilateral Social Security Agreements:
Bilateral social security agreements have been
signed with Belgium,Switzerland, the
Netherlands, Denmark, and Norway to protect
the interests of expatriate workers and
companies ona reciprocal basis. These
agreements help workers by providing exemption
from social security contribution in case of posting, totalization of contribution period, and exportability of pension incase of relocation to the home country or any third country.