LIC Aam Aadmi Bima Yojana: There are many benefits available under this policy of LIC. Along with this, scholarship is also available for the education of children as an addon. The government pays half of this policy premium.
LIC Aam Aadmi Bima Yojana: After the corona virus epidemic, people have become alert about their health and life insurance. Even the central government is seen to be cautious in providing health and life insurance policy to the common man. The scope of the common man includes those who do not work in the organized sector. Life Insurance Corporation of India (LIC) offers Aam Aadmi Bima Yojana for such people. In addition to Accidental Death Coverage, life-time policy is also available.
Under LIC’s Aam Aadmi Policy, a policy cover of Rs 30,000 is available on the natural death of the insured. This benefit will be given on death during the term of the policy. This means that if a person is taking advantage of this policy and he dies during this time, the nominee will get Rs 30,000. Apart from this, this LIC policy will also provide benefits in the event of death or disability due to accident.
In the event of disability under LIC Aam Aadmi Bima Yojana, the policyholder will get Rs 37,500. On the death of accident, the nominee will get an insurance cover of Rs 75,000 under this policy.
Actually, LIC Aam Aadmi Bima Yojana has been made by combining two social schemes. This is Aam Aadmi Bima Yojana and Janashree Bima Yojana. This scheme was launched so that the poor section in the rural area could get its benefits. Under this scheme, the person earning a house gets its coverage. The central government and the state government pay the premium of this scheme together.
Under this plan of LIC, policyholders get many other facilities. Addon is also available on this policy. Under this addon, maximum two children studying in class 9th to 12th also get scholarship. It is based on the nodal agency model. Nodal agencies include panchayats, NGOs and self-help groups. Nodal agencies can join this scheme by going to the nearest pension and group schemes office or any LIC office.
its merit and how much premium will have to be paid
Any person between the age of 18 and 59 can avail the LIC Aam Aadmi Insurance Scheme. The premium of LIC Aam Aadmi Bima Yojana is 200 rupees annually. Out of this, 50 percent i.e. 100 rupees will be given by the State Government or Union Territory Government. In this way the policyholder
