Aam Aadmi Bima Yojana: Provides Death and Disability Cover to Persons Between the Age Group of 18 Yrs To 59 Yr

Aam Admi Bima Yojana (AABY) is a Government of India Social Security Scheme administered through Life Insurance Corporation of India (LIC) that provides Death and Disability cover to persons between the age group of 18 yrs to 59 yrs, under 48 identified vocational/ occupational groups /rural landless households. It is a group insurance scheme implemented through a Nodal Agency such as a Central Ministry/ Department; State Government /Union Territory or other institutionalized arrangements/ registered NGO. The AABY provides insurance cover for a sum of Rs 30,000/- on natural death, Rs. 75,000/- on death due to accident, Rs. 37,500/- for partial permanent disability (loss of one eye or one limb) due to accident and Rs. 75,000/- for total permanent disability (loss of two eyes or two limbs or loss of one eye and one limb) due to accident. The Scheme also provides an add-on-benefit, wherein Scholarship of Rs 100 per month per child is paid on half-yearly basis to a maximum of two children per member, studying in 9th to 12th Standard.

The total annual premium under the scheme is Rs. 200/- per beneficiary of which 50% is contributed from the Social Security Fund created by the Central Government and maintained by LIC. The balance 50% of the premium is contributed by the State Government / Nodal Agency / Individual, as the case may be.

The State/UT-wise details of the total number of beneficiaries covered under AABY are given in Annexure A.

Government of India has set up a Centralized Social Security Fund and Aam Admi Bima Yojana Scholarship Fund. The same is being administered by LIC. There is no State/UT-wise allocation of these funds. The due amounts required for settling Premium and Scholarships are debited from these funds.

The outgo of these funds towards Payment of Premium & Scholarships settled during last three years and the current year are given as per Annexure B.

ANNEXURE ASTATE/UT-WISE AABY COVERAGE AS AT JUNE 2015

(no. of beneficiaries)

STATES AABY Coverage 2014-15 as on 31.03.2015 Coverage upto 30.06.2015 for FY 2015-16ANDHRA PRADESH 7704878 8297834ARUNACHAL PRADESH 27695 27695ASSAM 427595 440902BIHAR 520926 559790CHANDIGARH 5118 5425CHHATTISGARH 1721516 1805631DELHI 47746 49207GOA 50221 50221GUJARAT 897894 943617HARYANA 109379 109514HIMACHAL PRADESH 75772 77803J & K 104814 122632JHARKHAND 341829 365687KARNATAKA 3117093 3418619KERALA 1341006 1587547MADHYA PRADESH 7145760 7146118MAHARASHTRA 8098658 8109302MANIPUR 29962 31198MEGHALAYA 25727 25727MIZORAM 4588 4758NAGALAND 7617 10408ORISSA 2123801 2511871PUDUCHERRY 96636 102632PUNJAB 1259911 1260386RAJASTHAN 2024434 2058831SIKKIM 2566 2623TAMIL NADU 1277084 1405521TELANGANA 2076886 2091294TRIPURA 40804 40970U.P 1312517 1315611UTTRANCHAL 748170 750859WEST BENGAL 437263 472016A&N ISLAND 1399 1399LAKSHDWEEP 203 203DAMAN & DIU 202 202DADRA & N HAVELI 482 482ALL INDIA TOTAL 43208152 45204535

ANNEXURE B

SOCIAL SECURITY FUND     (Amount in  Rs. Crore)YEAR OUT GO TOWARDS PREMIUM(A) (B)2012-13 569.10*2013-14 296.302014-15 340.762015-16
(As on 30.06.2015) 25.74

*in the year 2012-13 Scholarships under the erstwhile Janashree Bima Yojana (JBY) were being settled through Social Security Fund(SSF) for which the bifurcation is Rs. 422.22 Cr Premium outgo and Rs.146.88 Cr Scholarship paid (Total Rs.569.10 Cr)

AABY SCHOLARSHIP FUND   (Amount in Rs. Crore)YEAR OUTGO TOWARDS AABY SCHOLARSHIP SETTLED(A) (B)2012-13 119.392013-14 279.002014-15 274.962015-16
(As on 30.06.2015) 22.50

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