India is the second-most populous nation in the world. India is categorised as a developing country as well. As a result, a sizable portion of the population falls within the low-income category. The Indian government has created a number of programmes to help people combat the major problems caused by poverty. One such programme that was created with the intention of offering financial assistance in times of need is the Aam Aadmi Bima Yojana. The Aam Aadmi Bima Yojana provides benefits for total permanent disability, partial permanent disability, and natural or accidental death. The programme covers people who live in rural areas and those who are less fortunate than the federal poverty level. Read this article through to the conclusion and take advantage of the programme. Today, we’re going to provide you with all the details about the LIC Aam Aadmi Bima Yojana 2024, including eligibility, and the application process.
What Is Aam Aadmi Bima Yojana 2024?
This programme is a social security programme. The plan life insurance would offer protection against partial and permanent disability to the head of a landless household in a rural state or a family member who is earning an income with the help of this LIC. The beneficiaries of Aam Aadmi Bima Yojana would receive the premium on an annual basis. Under this programme, the policyholder will not be charged a premium in the event of an accident-related death or disability. Beneficiaries who are interested in participating in this programme must submit an application. Under the Aam Aadmi Bima Yojana 2024, if a person passes away from natural causes, LIC would give his family a lump sum insurance payment of Rs 30,000. For people who belong to specific occupational groupings, the programme provides disability, accidental death, and natural death coverage.
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Key Highlights of Aam Aadmi Bima Yojana
| Launched By | Life Insurance Company |
| Name of Scheme | Aam Aadmi Bima Yojana 2024 |
| Objective | To provide Life Insurance |
| Benefits | Provide financial help to the deid person’s family |
| Eligibility Criteria | Permanent resident of India |
| Beneficiaries | Low income household person |
| Official Website | Aam Aadmi Yojana |
Objective of Aam Aadmi Bima Yojana
This program’s primary goal is to offer life insurance to members of low-income families. Every person of the nation will be able to obtain insurance under this programme. Financial help under the LIC Aam Aadmi Bima Yojana would give in the event of both disability and death. The relatives of the beneficiary will receive an amount ranging from $30,000 to $75,000 if the beneficiary registered under this programme passes away or becomes disabled. Through this programme, low-income families will receive assistance in battling the financial assistance that results from a family member’s death or incapacity.
Benefits of Aam Aadmi Bima Yojana
- This programme will be made available to low-income households in rural and unorganized areas.
- AABY 2024 assures that at least two children in the household continue their education without interruption and provides death and disability payments.
- A maximum of two students in grades 9 through 12 would each get a scholarship under this insurance programme for Rs 300. It will be paid once every six months.
- LIC Aam Aadmi Bima Yojana Under If a member of a poor household passes away naturally while the insurance is in effect, Rs. 30,000 would hand to the nominee.
- According to the policy, the nominee will get 75,000 if the registered person’s death was the result of an accident or disability.
Eligibility Criteria
- The applicant must reside in India.
- The applicant’s age should fall between 18 and 59.
- The applicant should fall under the federal poverty line with this programme (BPL).
- households with incomes just above the poverty line who belong to any of the occupational groups indicated in the programme.
- Rural landless families will also regard as eligible under this programme.
- The recipient should be the family’s head, and the family should only have one wage earner.
Beneficiaries of LIC Aam Aadmi Bima Yojana
- Cobblers
- Fishermen
- Bidi workers
- Handloom weavers
- Handicraft artisans
- Khadi weavers
- Leather workers,
- Women tailors
- Physically challenged,
- Self-employed citizens,
- Papad workers
- Milk producers
- Auto drivers
- Rickshaw drivers
- Sweepers,
- Forest workers
- Urban Poor
- Paper producers
- Farmers
- Anganwadi teachers
- Construction workers
- Pantation workers, etc.
Natural and Accidental Death Case
- The nominee of the insured must submit a claim to LIC following the insured’s passing.
- The candidate must complete and submit the death claim form, and they must also provide the death certificate with it.
- The officer will then confirm the information on the claim form.
- The claim sum will be sent to the beneficiary’s account following verification.
- A claim form and death certificate must be presented in the event of natural death.
- A copy of the FIR filed with the local police, the post-mortem report, the report of the police investigation, and the final police report must all be supplied in the event of an accident-related death.
The Aam Aadmi Bima Yojana budgetary amount
Life insurance will be granted under this plan in several situations, all of which are detailed below:
| Area | Amount given |
| Due to Natural Cause | Rs- 3000 |
| In case of Bus accidental death | Rs- 7000 |
| In case of Handicap | Rs- 75000 |
| Mentally Handicap | Rs- 35700 |
| Financial assistance will be given to the children of died person, who are studying in class 9th and 10th | Rs- 100 |
Documents Required
- School Certificate Proof
- Voter ID
- Mobile Number
- Passport Size Photo
- Applicant’s Aadhar Card
- Ration Card
- Birth Certificate
Also Check: Jeevan Jyoti Bima Yojana
How to Apply Online under Yojana 2024
Interested beneficiaries of the country who want to apply online under this scheme, then follow the steps given below.
- Applicant first visit the Aam Aadmi website of LIC. After visiting the official website, the home page will open in front of you.
- On this home page, you will see the option of LIC Aam Aadmi Bima Yojana Apply Online, you have to click on this option.
- After clicking on the option, the application form will open in front of you. You have to fill in all the information asked in this application form.
- After filling in all the information you have to click on the submit button. In this way, you will get the application.
Procedure to Apply Offline
- Interested beneficiaries who want to apply offline under this scheme, then they have to first go to the nodal agency of LIC. After that, you have to go there and get the application form.
- After receiving the application form, you have to fill in all the information asked in the application form. After filling in all the information, you will have to attach all your necessary documents to the application form.
- Then you have to apply to the LIC office. In this way, your offline application will be done.
- More information about Aam Aadmi Bima Yojana can be obtained by calling or SMS on the number given below
- SMS LICHELP <POL.NO.> TO 9222492224 OR SMS LICHELP <POL.NO.> TO 56767877 CLAIM IN DISABILITY
CLAIM In the condition of Handicapped
- In this case the claim will be made by the insurer himself.
- All the important documents have to be submitted by the beneficiary along with the claim form to film.
- Important documents include the following documents.
- Documentary proof of accident
- Medical certificate
- The medical certificate should be proof of disability of the insured.
- After this, the claim form will be verified by the officer.
- After successful verification, the claim amount will credit to the beneficiary’s account.
Claim Process for Scholarship
Benefit Scholarship will also be provided to the children of the insured under the LIC Aam Aadmi Bima Yojana. The amount of the scholarship will be ₹ 100 per month. This scholarship will be awarded at an interval of 6 months. The beneficiary has to claim every 6 months to get the scholarship. The claim process is as follows:
- The application form for scholarship benefits will fill out by the child of the insurer.
- This form will be filled out every 6 months.
- After submission of the form, the verification of the form will be done by the nodal officer.
- The list of all the students will be sent to the Pension & Group Scheme of LIC after verification by the Nodal Officer.
- This list will contain the following information related to the students.
- Student Name
- School Name
- Student Class
- Bill Member Name of Insured Person
- Bank Account Detail
- After successful verification of the form the scholarship amount will be disbursed to the beneficiary’s account.
- The scholarship is availed on a six-monthly basis on January 1 and July 1 every year.
- The scholarship amount will be disbursed to the beneficiary’s account after successful verification of the form.
LIC Aam Aadmi Bima Yojana Claim Process
- Through NEFT, the claim money under this scheme is transfer by the central government to the beneficiary’s account.
- If the facility of NEFT is not available, then after the approval of the officer, the claim amount is disbursed in the account of the beneficiary.
- This amount can also be claimed by the beneficiary himself in case of accident and in case of death, it can also be claimed by the nominee of the beneficiary.
- The nominee must submit the death certificate while filming.
- Apart from this, it is also mandatory to submit the certificate of the deceased person being the head of the family and income-earning member.
- In case of disability, the insured will have to claim this plan.
- It will be mandatory for the insured to submit all the important documents along with the claim.
- In case of disability, the beneficiary must submit documentary evidence of the accident.
- Apart from this, it is also mandatory to submit a certificate issued by the Government Civil Surgeon or Government Orthopedician in case of disability, in which it should be written that the disability has been caused due to an accident.
The claim process for claiming the scholarship amount
- The claim money under this scheme is transferred to the beneficiary’s account by the central government through NEFT.
- The beneficiary student will be identified by the nodal department.
- After this, the list of all eligible beneficiary students will be submitted by the nodal department to the concerned P&GS unit.
- The complete details of the students will be available in this list.
- Every year on 1st July and 1st January, LIC will transfer the scholarship amount to the student’s account through NEFT.