aaby.ap.gov.in : Search Aam Aadmi Bima Yojana Policy & Claim Details Online Hyderabad

Name of the Organization : Community Managed Micro Insurance
Type of Facility : Search Aam Aadmi Bima Yojana Policy & Claim Details Online
Location : Hyderabad

Website : aaby.ap.gov.in

Aam Aadmi Bima Yojana Scheme :
‘Aam Aadmi Bima Yojana’(AABY), Government of India’s Group Insurance scheme implementing in the state of Andhra Pradesh through Department of rural development for the benefit of 38.00 lakh rural landless agricultural laborers from 31st March, 2008 and 17.67 lakhs members are covered with the funds from MGNREGS upto 31.03.2013. Thus a total of 56.67 lakh members are covered under the scheme in the year 2012-13

Premium :
Under this group insurance scheme, for a premium of Rs.320 per member, is shared by the Government of India and the State Government on 50 :50 basis. LIC of India has enhanced the premium from Rs. 200 to Rs. 320 per member from 1st April, 2010 due to high and adverse claim ratio reported for the year 2008-09 and 2009-10 in the State under the scheme.

Benefits :
The Life Insurance Corporation of India (LIC) provides insurance cover of Rs.30,000 for natural death, Rs.75,000 for accidental death, Rs. 37500/- for permanent partial disability and Rs. 75000/- for permanent total disability due to accident. A free add-on scholarship benefit for the children of the members of AABY is provided under the scheme. A scholarship at the rate of Rs. 100/- per month will be given to maximum two children studying between 9th to I2th Standard. This scholarship, however, is payable half yearly – on 1st July and on Ist January, each year.

All the enrolled members details digitized and developed web based monitoring system for providing quick and quality services to the enrolled members in a transparent effective manner.

Search Here : aaby.ap.gov.in/PolClaimSearch.aspx

Know More About Dr. Y.S.R. Abhaya Hastham Scheme :
The Scheme has commenced from 1st November 2009. It was launched by the then Hon’ble Chief Minster at a state level function held at Chevella, Rangareddy district on 1st November 2009.

The “Andhra Pradesh Self Help Groups (SHG) Women Co-contributory Pension Act, 2009” has been passed by both houses of the legislature.

Objective and purpose :
The pension scheme envisages providing income security to the SHG women who are 60 years and above. It envisages that a member would contribute Re.1/- per day per member and Government of Andhra Pradesh (GoAP) would also contribute Re.1/- per day per contributing member and GoAP would ensure a minimum pension of Rs.500/- per month to every SHG member aged above 60 years.

In addition to the pensions to the women, the members are covered under Janashree Bima Yojana (JBY) insurance scheme, giving them triple benefits of Pensions, Insurance cover and Study Scholarship under Shiksha Sahyog Yojana.

Eligibility :
** All Indira Kranthi Patham (IKP) recognized SHG women, from rural and urban areas.
** Should be a currently active SHG member and been a member for atleast a year (SHG member by 1/06/2009) subsequently the age has been limited to the member not crossing 50 years.
** Holder of white ration card.
** The SHG should recommend the case of the member and certify the age of the member through a resolution

Benefits :
Each member would become eligible for minimum monthly pension of Rs. 500 or above, subject to fulfillment of conditions to be prescribed, on crossing the 60 years of age, depending on the number of years of contribution and quantum of contribution made by the member.

All women between 18 to 59 years would be eligible for life insurance cover up to :
** A sum of Rs. 30,000 in case of natural death
** Rs. 75,000 in case of Accidental death
** Rs. 75,000 for permanent disability
** Rs. 37,500 for partial disability

Scholarship of Rs. 1200 per annum for their children, studying 9th, 10th classes, intermediate and Industrial Technical Institute (ITI).

Members who are already receiving scholarships for their kids from LIC under any other scheme would not be eligible for receiving this scholarship.

On death of the subscriber during the contributory phase (less than 60 years), the available contributions of the subscriber and the government’s co-contribution along with accrued earnings on such contributions shall be transferred to the nominee of the subscriber. And also the insurance benefit would be transferred to the nominee.

On death of the member during the pension payout phase (60+ years), the available contributions of the subscriber and the government’s co-contribution along with accrued earnings shall be transferred to the nominee of the subscriber.

For More Details, Click Here : aaby.ap.gov.in