The Government of India has launched several social security schemes for the poor. The purpose of these schemes and schemes is to bring prosperity in the lives of the poor and give them social security. Keeping the interests of poor people in mind, Life Insurance Corporation started Aam Admi Bima Yojana. Under this program, the insured gets many benefits.
Talking about the benefits of LIC Aam Admi Bima Yojana, in addition to natural or accidental death of the insured, disability is also covered. During the insurance period, if someone dies in a natural death, the nominee will get 30 thousand rupees. 75 thousand rupees are found in Accidental Death. 75 thousand rupees are also available in cases of Permanent Total Disability. Loss of both eyes, loss of both arms or legs or loss of one eye and one arm or leg is subject to permanent disability. If someone’s one eye or one arm or leg goes away, he will get 37500 rupees.
Children also get the scholarship
After the death of the insured under this insurance scheme, the children also get the scholarship. This is an add-on service. Under this, two children who study in classes 9-12 will get 100-100 rupees every month. If something happens to the insured, then LIC benefits the scheme through NEFT or account credit to the beneficiary.
Only one family member will be covered
Only one member of the family can be covered under this scheme. The life of the insured must be between 18-59 years. It is important for the family to be below the poverty line. Under this, 48 business groups have been formed. Any person involved in this scheme can take advantage of this scheme.
100 rupees premium only
Talking about the premium, the annual premium for this is just 200 rupees. Out of this, the government deposits 100 rupees and the insured person will have to deposit 100 rupees. If the insured belongs to the rural area and does not have land or he comes from 48 business groups, then he will not have to pay even 100 rupees. Only three categories of people can take advantage of this scheme. First, it is below the poverty line, which will have to pay 50 per cent, ie 100 rupees. The other is from a rural area and does not own land or belongs to 48 businesses including beedi workers, carpenters, fishermen, handicrafts businessmen.