Aam Admi Bima Yojana (AABY) is a Government of India Social Security Scheme administered through Life Insurance Corporation of India (LIC) that provides Death and Disability cover to persons between the age group of 18 yrs to 59 yrs, under 48 identified vocational/ occupational groups /rural landless households. It is a group insurance scheme implemented through a Nodal Agency such as a Central Ministry/ Department; State Government /Union Territory or other institutionalized arrangements/ registered NGO. The AABY provides insurance cover for a sum of ₹ 30,000/- on natural death, ₹ 75,000/- on death due to accident, ₹ 37,500/- for partial permanent disability (loss of one eye or one limb) due to accident and ₹ 75,000/- for total permanent disability (loss of two eyes or two limbs or loss of one eye and one limb) due to accident. The Scheme also provides an add-on-benefit, wherein Scholarship of ₹ 100 per month per child is paid on half-yearly basis to a maximum of two children per member, studying in 9th to 12th Standard. 

The total annual premium under the scheme is ₹ 200/- per beneficiary of which 50% is contributed from the Social Security Fund created by the Central Government and maintained by LIC. The balance 50% of the premium is contributed by the State Government / Nodal Agency / Individual, as the case may be. 

The State/UT-wise details of the total number of beneficiaries covered under AABY are given in Annexure A. 

Government of India has set up a Centralized Social Security Fund and Aam Admi Bima Yojana Scholarship Fund. The same is being administered by LIC. There is no State/UT-wise allocation of these funds. The due amounts required for settling Premium and Scholarships are debited from these funds. 

The outgo of these funds towards Payment of Premium & Scholarships settled during last three years and the current year are given as per Annexure B.

ANNEXURE A
STATE/UT-WISE AABY COVERAGE AS AT JUNE 2015 (no. of beneficiaries)
STATES	AABY Coverage 2014-15 as on 31.03.2015	Coverage upto 30.06.2015 for FY 2015-16
ANDHRA PRADESH	7704878	8297834
ARUNACHAL PRADESH	27695	27695
ASSAM	427595	440902
BIHAR	520926	559790
CHANDIGARH	5118	5425
CHHATTISGARH	1721516	1805631
DELHI	47746	49207
GOA	50221	50221
GUJARAT	897894	943617
HARYANA	109379	109514
HIMACHAL PRADESH	75772	77803
J & K	104814	122632
JHARKHAND	341829	365687
KARNATAKA	3117093	3418619
KERALA	1341006	1587547
MADHYA PRADESH	7145760	7146118
MAHARASHTRA	8098658	8109302
MANIPUR	29962	31198
MEGHALAYA	25727	25727
MIZORAM	4588	4758
NAGALAND	7617	10408
ORISSA	2123801	2511871
PUDUCHERRY	96636	102632
PUNJAB	1259911	1260386
RAJASTHAN	2024434	2058831
SIKKIM	2566	2623
TAMIL NADU	1277084	1405521
TELANGANA	2076886	2091294
TRIPURA	40804	40970
U.P	1312517	1315611
UTTRANCHAL	748170	750859
WEST BENGAL	437263	472016
A&N ISLAND	1399	1399
LAKSHDWEEP	203	203
DAMAN & DIU	202	202
DADRA & N HAVELI	482	482
ALL INDIA TOTAL	43208152	45204535

 ANNEXURE B

SOCIAL SECURITY FUND     (Amount in  Rs. Crore)
YEAR	OUT GO TOWARDS PREMIUM
(A)	(B)
2012-13	569.10*
2013-14	296.30
2014-15	340.76
2015-16 (As on 30.06.2015)	25.74

*in the year 2012-13 Scholarships under the erstwhile Janashree Bima Yojana (JBY) were being settled through Social Security Fund(SSF) for which the bifurcation is ₹ 422.22 Cr Premium outgo and ₹ 146.88 Cr Scholarship paid (Total ₹ 569.10 Cr) 

AABY SCHOLARSHIP FUND   (Amount in Rs. Crore)
YEAR	OUTGO TOWARDS AABY SCHOLARSHIP SETTLED
(A)	(B)
2012-13	119.39
2013-14	279.00
2014-15	274.96
2015-16 (As on 30.06.2015)	22.50

 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 scheme Aam Aadmi Bima Yojana provides group death and disability cover with shared premium financing. Aam Aadmi Bima Yojana is a Social Security Scheme administered by LIC as a group insurance program for persons aged eighteen to fifty-nine in identified occupational groups, providing specified death and disability benefits plus a scholarship add-on. Funding is by an annual premium shared between the Central Social Security Fund administered by LIC and the State/Nodal Agency or individual; premium and scholarship payments are debited from centralized funds with statewise beneficiary coverage and annual outgo reported in annexures.