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

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..... Aam Admi Bima Yojana; Implemented Through Life Insurance Corporation of India; Caters to 47 Vocational Groups/Occupations Including Handloom & Khadi Weavers - News and Press Release Dated:- 31-7-2015 - News - 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 implemente .....

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..... d 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. T .....

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..... he 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 .....

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..... 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 1 .....

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..... 4.08.2013 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 .....

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..... ,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. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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