Press Information Bureau

Government of India

Ministry of Finance

05-September-2012 17:11 IST

LIC Social Security Scheme

            The Central Government is implementing two social security insurance schemes, namely Aam Aadmi Bima Yojana (AABY) and Janashree Bima Yojana (JBY) for the welfare of rural and urban poor persons falling below poverty line or marginally above poverty line.  These two schemes are administered by Life Insurance Corporation of India (LIC).

The JBY covers rural and urban poor of the country under identified occupational/vocational groups.  Total lives covered under JBY as on 31.03.2012 are 2,20,56,435.  The details of the premium collected and claims settled under JBY during the last htee years, State-wise are as under:

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LIC and the States are encouraged to extend wider coverage of schemes to the rural and urban poor.

             This information was given by the Minister of State for Finance, Shri   Namo Narain   Meena in written reply to a question in Lok  Sabha today.

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DSM/RS/bs

Social security insurance schemes covering rural and urban poor, administered by LIC, with state-wise premium and claims reporting. The Central Government operates two social security insurance schemes-Aam Aadmi Bima Yojana and Janashree Bima Yojana-administered by the Life Insurance Corporation of India to cover rural and urban poor across identified occupational groups; Janashree Bima Yojana enrolment and State-wise premium and claim settlement data have been compiled, and LIC and States are encouraged to extend coverage.