LIC AABY: Applicants for LIC Aam Aadmi Bima Yojana should be between 18 to 59 years old. It gets a cover of Rs 30,000.
Aam Aadmi Insurance Scheme
In today’s time, to secure the future of your family, it is very important to get life insurance. Insurance provides financial security to the family in difficult times. Life Insurance Corporation of India (LIC) runs a social security policy called Aam Aadmi Bima Yojana (LIC Aam Aadmi Bima Yojana). This scheme has been started for the workers in the unorganized sector. It gets a cover of Rs 30,000. In this scheme, the head of the rural landless family of the state gets coverage for partial and permanent disability or a earning member of the family.
Applicants for LIC Aam Aadmi Bima Yojana should be between 18 to 59 years old. The applicant should be the head of the family or earning member of the household, below poverty line, above poverty line members who live in the city, but they have not been given the identity card of the urban area or rural landless.
Benefits of AABY
Under the Aam Aadmi Bima Yojana, the per capita premium for a cover of Rs 30,000 annually is Rs 200. Out of this, 50 percent will get subsidy from Social Security Fund.
There is an insurance cover of 75,000 thousand rupees in case of death by accident. There is an insurance cover of Rs 37,500 in case of partial permanent disability and Rs 75,000 in case of complete disability.
In this insurance scheme, maximum two children studying between 9th and 12th are awarded scholarship at the rate of Rs 100 per child. It will be paid semi-annually.
What is the document
Applicant will need these documents to join Aam Aadmi Bima Yojana. Such as ration card, birth certificate, proof of school certificate, voter ID, identity card provided by government department, Aadhaar card.
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