It is a centrally sponsored scheme. It is merger of two programme JSBY and AABY and became AABY. Pass into 1/1/2013 Through this programme govt. With collaboration with LIC provides Bima to People . Introduction
Should be under 18 to 59 Member should be head of family. Or one earner family below BPL. marginalised and landless Age proff Eligibility criteria
Central govt. State govt. Union territories NGO Nodal agency for implementation
A) On death due to accident Rs. 75,000/- B) Permanent total disability due to accident Rs. 76,000/- C) Loss of two eyes or two limbs or one eye Rs. 75,000/- and one limb in an accident D) Loss of one eye or one limb in accident Rs. 37,500/- In natural death 30,000 Benifit
Maximum scholarship of two children of the beneficiary studying between 9th to 12th Standard @ Rs.100/= per month for each child payable half yearly – on 1st July and on 1st January, each year Scholarship
How to claim to get the Money. Who paid the money What are the procedures. Claim
It is an important welfare scheme .it should be promoted by govt. Role of LIC is also important to implement of the scheme. conclusion