Aam Admi Bima Yojana

[Introduced on 2nd Oct 2007]

Funding Agency :-Central Government

Brief description :- With the aim of providing social security to occupational groups
within this sector, the Government of India launched the Aam Aadmi Bima
Yojana (AABY) in October 2007. It covers natural or accidental death and disability of
people who fall within certain occupational groups.

Eligibility Criteria

 A person aged between 18 to 59 years can avail this insurance facility.

 Available only to the head of the family or the earning member of the
family below the poverty line in the rural areas with landless households.
 Documentation requirement should be fulfille

How To Apply
Visit website for information
Or visit https://sjsa.maharashtra.gov.in/mr/scheme-category/special-assistance

Documents required:-

 Name in the Voter's List

 Ration Card
 Aadhaar Card (Unique Identification Card)
 Extract from the school and birth certificate
 Any identity card issued by the Government of India or any reputed employer

Ful description :-
A Social Security Scheme was initiated and excellently administered by the Government of India in
the form of the Aam Aadmi Bima Yojana for the citizens settled under 48 identified vocational/
occupational groups /rural areas with landless households. This group insurance scheme was
introduced on 2nd October, 2007. It is also administered under the Life Insurance Corporation of
India (LIC). The Aam Aadmi Bima Yojana offers insurance coverage to one earning member of the
family or the family head.

Under the supervision of the Government of India, the Ministry of Finance made a proposal to merge
both the Social Security Schemes, ‘Aam Aadmi Bima Yojana (AABY) and Janashree Bima Yojana
(JBY). Post-merger, since January 1, 2013, the scheme was newly named as ‘Aam Aadmi Bima
Yojana.’

Benefits of Aam Aadmi Bima Yojana (AABY)

There are certain benefits that the Aam Aadmi Bima Yojana (AABY) offer. They are mentioned
below:

 In case of natural death of the insured, the policy offers an amount of Rs.30,000 death
benefit to the surviving beneficiaries or the family members of the policyholder.
 In case the insured suffers an accidental death or suffers a permanent total disability due to
an accident leading to loss of both the eyes or both the limbs, Loss of one eye & one limb, in
an accident the policy offers an amount of Rs.75,000 to the surviving beneficiaries or the
family members of the policyholder.
 In case the insured suffers a partial permanent disability due to an accident leading to loss of
one eye or one limb, the policy offers an amount of Rs.37,500 to the surviving beneficiaries
or the family members of the policyholder.
 The Aam Aadmi Bima Yojana offers Scholarship benefits as a Free Add-on benefit too. This
benefit is made available for a maximum of 2 children studying between 9th to 12th standard
of the policy holder’s nominee or beneficiaries. A fee of Rs.100 per child per month is
offered.