AABY; Implemented Through Life Insurance Corporation of India; Caters to 47 Vocational Groups/Occupations Including Handloom & Khadi Weavers
Capital MarketThe erstwhile Social Security Schemes, Janashree Bima Yojana (JBY) was merged into Aam Admi Bima Yojana (AABY) w.e.f. 01 January 2013 and the consequently revised AABY scheme is being implemented through Life Insurance Corporation of India (LIC). The scheme which caters to 47 Vocational groups/occupations including Handloom & Khadi weavers as one of them. Thus JBY has ceased to exist since 01.01.2013. The details of Handloom & Khadi weavers beneficiaries covered under the AABY in the last three policy years 2011-12,2012-13, 2013-14 and current policy year 2014-15 are given in Annex.
The AABY provides Death and Disability cover to self employed Khadi weavers associated with Khadi Institutions affiliated to Khadi and Village Industries Commission (KVIC)/ State and UT Khadi and Village Industries Boards, aged between 18 years and 59 years. It does not overlap with any health insurance scheme implemented by the Government as it is not a health insurance scheme.
AnnexPolicy Year
Lives covered under AABY for Handloom & Khadi Weavers
Premium Amount
Allocation (in Rs.)
No of Claims Paid
Amount (in Rs.)15.08.2011 to 14.08.2012
274276
2,74,27,600
217
69,35,00015.08.2012 to 14.08.2013
280743
2,80,74,300
276
88,35,00015.08.2013 to 14.08.2014
284056
2,84,05,600
267
80,41,00015.08.2014 to 14.08.2015
As at 30.06.2015
286760
2,86,76,000
183
56,70,000
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