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.
Source : PIB
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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