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        Case ID :

        Aam Admi Bima Yojana; Implemented Through Life Insurance Corporation of India; Caters to 47 Vocational Groups/Occupations Including Handloom & Khadi Weavers

        July 31, 2015

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        The erstwhile Social Security Schemes, Janashree Bima Yojana (JBY) was merged into Aam Admi Bima Yojana (AABY) w.e.f. 01.01.2013 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.

        Annex

        Policy 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

        69,35,000

        15.08.2012 to 14.08.2013

        280743

        2,80,74,300

        276

        88,35,000

        15.08.2013 to 14.08.2014

        284056

        2,84,05,600

        267

        80,41,000

        15.08.2014 to 14.08.2015

        As at 30.06.2015

        286760

        2,86,76,000

        183

        56,70,000

        This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.

        Social security consolidation: national life insurance scheme provides death and disability cover for self employed weavers. Aam Admi Bima Yojana, following merger of the earlier scheme, is implemented through a designated life insurer and provides death and disability cover to self-employed handloom and Khadi weavers affiliated with Khadi institutions and boards, within a prescribed age band; it is not a health insurance scheme. Annual administrative data on lives covered, premium allocations and claims paid for the handloom and Khadi weaver category are compiled in an annex and reported to the legislature.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Social security consolidation: national life insurance scheme provides death and disability cover for self employed weavers.

                                Aam Admi Bima Yojana, following merger of the earlier scheme, is implemented through a designated life insurer and provides death and disability cover to self-employed handloom and Khadi weavers affiliated with Khadi institutions and boards, within a prescribed age band; it is not a health insurance scheme. Annual administrative data on lives covered, premium allocations and claims paid for the handloom and Khadi weaver category are compiled in an annex and reported to the legislature.





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                                ActsIncome Tax
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