India is the world’s second-most populous nation. Different income strata are represented in its personnel. India is also considered a developing nation. This implies that a substantial number of individuals belong to low-income groups. In order to combat the severe issue of poverty, the Indian government has implemented numerous programmes for its citizens. The Aam Aadmi Bima Yojana is one such programme designed to provide financial assistance during times of need. This scheme’s name literally translates to “Common Man’s Insurance Scheme.” It is designed for those who keep the nation’s economic machinery turning.

What Is Aam Aadmi Bima Yojana (AABY)?

The Aam Admi Bima Yojana was introduced on October 2, 2007. It is a social security programme geared towards low-income families in India. This programme benefits those who are not typically employed, such as fishermen, auto chauffeurs, cobblers, etc. Due to their limited income, they may not consider saving for a catastrophic event such as death or disability. The Aam Aadmi Bima Yojana (AABY) offers them financial assistance to confront such unfortunate circumstances.

What Does the Aam Aadmi Bima Yojana Cover?

All qualified members are covered by the Aam Aadmi Yojana in the tragic event of death or disability. Here is what this insurance plan covers:

1. Natural causes of death: When filing a claim, a copy of the deceased’s death certificate will be needed.
2. Accidental death: When filing a claim, a medical certificate identifying the cause of death as an accident will be needed.
3. Partial Disability or Permanent Total Disability: At the time of the claim, a medical certificate from a government physician describing the type of disability will be needed.

The table below lists the coverage and the amount insured.

Coverage	Benefit
Death from natural causes	Rs.30,000/-
Accidental death	Rs.75,000/-
Partial disability	Rs.37,500/-
Permanent total disability	Rs.75,000/-
Scholarship	Rs.100/- per month per child

What is Not Covered?

The government wants to give money to people who are in need as a result of tragic occurrences like death or disability through this insurance plan. Given this, there are some situations that are not covered by the plan. The AABY’s list of exclusions is as follows:

1. Cost of hospitalization
2. Death or disability due to mental disorders
3. Suicide
4. Death or disability due to a war-like situation in the country
5. Taking part in dangerous and adventurous sports
6. Taking part in illegal activities
7. Loss of life or disability due to substance abuse

Aam Aadmi Bima Yojana features include:

Low-income individuals can get social security under the Aam Admi Bima Yojana. In light of this, the plan has the following characteristics:

1. Affordable:

The Aam Aadmi Bima Yojana has an extremely low premium. Because of this, the plan is affordable, and one does not need to worry about finding the money to pay the plan’s premiums. Additionally, the government pays half of the premium cost.

2. Technologically Advanced Insurance:

The public now receives better services from the government because to technology. AABY is one such illustration. A web-based system is used to digitise and monitor all member data, enabling rapid information transmission when necessary. This is beneficial when settling claims.

3. Prompt Assistance:

Getting in touch with the closest Life Insurance Corporation (LIC) branch will help members with their inquiries. A contact person can be contacted by phone or email as well.

Benefits of Aam Aadmi Bima Yojana:

The AABY offers the plan’s participants a number of advantages. the following list

1. Coverage For Death From Natural Causes:

The Aam Aadmi Bima Yojana has an admission age range of 18 to 59. If a participant in this plan passes away from natural causes, LIC will pay out Rs. 30,000 as compensation.

2. Coverage For Disability:

A family member’s disability of any kind always comes as a tremendous shock to the family. If the family’s only source of income came from the disabled person, the shock is amplified. The family could benefit from financial assistance thanks to AABY. The disability benefit under this plan is Rs. 37500 for permanent partial disability and Rs. 75000 for accident-related permanent entire disability.

3. Coverage For Accidental Death:

Accidents are incredibly unpredictable and may have serious repercussions. As a result, coverage for accidental death is provided by the Aam Aadmi Bima Yojana. A payment of Rs. 75,000 is made to the plan nominee under this coverage.

4. Additional Benefit:

The Aam Aadmi Bima Yojana guarantees that at least two children in the household continue their education continuously in addition to providing death and disability payments. It provides qualified students in grades 9 through 12 with a free scholarship worth Rs. 100 each month for a half-year.

Jobs/Professions Included in Aam Aadmi Bima Yojana (AABY):

The plan includes a wide range of professions, which aids in identifying the population that qualifies. The people employed in the following professions can gain from the AABY because of their nature as low-income jobs.

Anganwadi teachers	Firecrackers’ workers	Manufacture of paper products	Rural poor	Transport drivers association
Agriculturists	Fishermen	Manufacture of wood products	Safai karamcharisScheme for the urban poor	Transport karamcharis
Auto drivers or rickshaw pullers	Food stuffs like sugar or khandsari	Mineral products like earthen toys manufacture	Safai karamcharis	Unorganized workers covered under the Rashtriya Swasthya Bima Yojana
Beedi workers	Forest workers	Overseas Indian workers	Scheme for the urban poor	Women associated with self-help groups
Brick kiln workers	Hamals	Papad workers who are associated with SEWA	Sericulture	Women of hilly areas
Carpenters	Handicraft artisans	Physically handicapped people who are self-employed	Sheep breeders	Kotwal
Chemical products like candle manufacture	Handloom & Khadi Weavers/Handloom Weavers	Plantation workers	Salt growers	Overseas Indian Workers
Cobblers	Lady tailors	Powerloom workers	Tendu leaf collectors	Unorganized workers covered under RSBY
Coconut processors	Leather and tannery workers	Primary milk producers	Textile
Construction workers	Manufacture of leather products	PrintingRubber and coal products	Toddy tappers

Eligibility Criteria:

Not every Indian citizen is eligible for the Aam Admi Bima Yojana. To participate in the programme, an applicant must meet specific qualifying requirements. For your reference, the following list:

• Entry Age: Participants in the Aam Admi Bima Yojana must be between the ages of 18 and 59.

• Income: 

• The applicant must come from a family that is below the poverty line (BPL).
• Families with incomes just above the poverty level and members of any occupational group listed in the programme.
• an individual from a rural landless family.

• Members covered: The family will be able to obtain coverage for one person. He or she ought to support the family financially.

How Can I Sign Up For The Aam Aadmi Bima Yojana?

Aam Aadmi Bima Yojana enrollment is not the same as purchasing a typical insurance policy. Because this is a national programme, the applicant must go to the Nodal agency designated to handle the enrolment procedure. Any institutional arrangement chosen by the federal, state, or union territory of India may be referred to as a nodal agency. These also include a designated NGO.

When signing up for this programme, the nomination must be mentioned. This is crucial for submitting claims. If the nominee of the insurance is not made explicitly apparent, the family member could not be eligible to benefit from the plan.

Documents Required To Apply To Aam Aadmi Bima Yojana:

You can ask the Nodal agency for the precise list of documents needed for enrolling. Here is a list of what you would need:

1. Application form
2. Identity proof
3. Address Proof
4. Nominee application form
5. Income certificate

How Can I Download the Aam Aadmi Bima Yojana Application Form?

The AABY is a social security programme initiated by the Indian government. The Aam Aadmi Bima Yojana Form PDF or instructions on how to apply will be available on the website of each State Government, as India is a secular nation comprised of numerous states and individuals who speak a variety of languages.

You must consult the website of the state government and search for information on how to apply for the Aam Aadmi Bima Yojana. If you live in Maharashtra, for instance, you can discover information about the plan on the Maharashtra Government website.

Aam Aadmi Bima Yojana Premiums:

The Aam Admi Bima Yojana was created for the benefit of those who live Below Poverty Line in India and those who live just above it. Consequently, the premium is inexpensive in terms of annual expenditures. An eligible individual is required to pay only a 50% annual premium to receive the benefits of the programme.

This program’s genuine premium is 320 rupees. Nonetheless, the payment is split between the policyholder and the Indian government. Depending on the region, it could be the federal government, a state government, or the Nodal agency.

The Aam Aadmi Bima Yojana: How to Claim?

When compared to other health insurance products, this scheme’s claim process is simple. In the terrible event that the policyholder passes away or becomes disabled, it offers financial assistance. There are four circumstances in which a claim against the policy may be made. The following information relates to the Aam Aadmi Bima Yojana claim procedure:

Claim Procedure For Death:

The nominee will need to submit a claim in the event of death using a Death Certificate. When a beneficiary passes away, the AABY policy should still be in effect. The nodal agency officer assigned should receive the claim. The verification process will be carried out by him or her. Through the procedure, he or she will confirm that the deceased person was a member of a household that was either below the poverty line (BPL) or just over the BPL and earned a living. The person’s line of work will also be considered.

Documents Required To File A Death Claim:

• Aam Admi Bima Yojana Death Claim Form 
• Original and copies of the death certificate

Claim Procedure For Accidental Death:

The claim process of accidental death is similar to the claim process for natural death. However the following documents will be additionally required along with the claim form and death certificate:

• Copy of FIR
• Police Conclusion Report /Final Report of Police
• Police Inquest Report
• Post Mortem Report

Claim Procedure For Disability:

A person who has a total or partial handicap may file a claim under the Aam Aadmi Bima Yojana. The application procedure is straightforward, and the claimant does not have to cause financial hardship for other family members.

In order to submit supporting documentation to support a disability claim, the applicant must be disabled. The following records can be used as evidence:

• Documentary evidence of the accident: Photographs, videos, or police FIR.
• Medical certificate: It must be signed by a government civil surgeon or trained government orthopedician and include information about the accident, including the member’s loss of limbs and the type of handicap experienced.

Claim Procedure For Scholarships:

Here is the procedure for applying for scholarships:

The beneficiary must complete and submit the Aam Aadmi Bima Yojana Scholarship Online Application Form to the designated Nodal Agency every six months. The Nodal Agency will choose the qualified students. For one child, this additional free scholarship provides Rs. 100 each month. The concerned P&GS section will thereafter receive the list of students. There will be information about the pupils, including:

• Name of the student
• Name of the school
• Class in which the student is studying
• AABY master policy number
• Name of the policyholder 
• NEFT details
• Membership number

The Aam Admi Bima Yojana Scholarship’s financial benefit will be transferred to the student’s account via NEFT on the firsts of July and January of each year. Other payment methods will be chosen if any such account is nonexistent. A family that qualifies may only have a maximum of two children enrolled in grades 9 through 12 receive the award.

AABY Helpline Number And Address:

LIC provides the Aam Admi Bima Yojana. Questions about the plan must be answered by this insurer. On the LIC website, you may find the Aam Admi Bima Yojana Helpline Number.

Use the contact information to find the LIC branch that is closest to you and ask your questions there.