Government
of India is implementing two Social Security Insurance Schemes for the benefit
of weaker and vulnerable sections of the society, through the Life Insurance
Corporation of India (LIC). These are Aam Admi Bima Yojana (AABY) and Janashree
Bima Yojana (JBY). Both Schemes provide insurance cover for a sum of
Rs.30,000/- on natural death, Rs. 37,500/- on partial permanent disability due
to accident and Rs.75,000/- on death or total permanent disability due to
accident. Central Government contributes 50% premium as subsidy.
This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.
This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.
Source
: PIB
