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
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