Community Managed Micro Insurance

Andhra Pradesh
AABY Annual Report (2008-09)     PDF | Word                      AABY Brochure          PDF| Word

About Scheme

Indira Jeevitha Bima Pathakam - AABY…..a Group Insurance Scheme for the benefit of Rural Landless Agricultural Laborers through Life Insurance Corporation of India. In a rural landless household, when every day living is a struggle, it is difficult to face life with a smile. And it becomes even more difficult when the future of the landless labour family is uncertain. It is a overwhelming Social Security Measure for 38.00 lakh landless agricultural laborers in the State of Andhra Pradesh w.e.f 31.03.2008, so far ever taken place in the entire history of not only Andhra Pradesh but entire India.

Nodal Agencies :

 There shall be two levels of Nodal Agencies to administer the scheme. At State level, the Society for Elimination of Rural Poverty, SERP, an autonomous body chaired by the Chief Minister of Andhra Pradesh, under the Department of Rural Development for overall facilitation, monitoring and evaluation of the Scheme. And at district level Zilla Samakhya at each district shall function as implementation agency for overall management of the Scheme.

Features :

Eligibility Rural Landless Households
Age Group 18-59 years
Premium Rs.200/- per member.  50% by Central Government and remaining 50% by State Government
Nodal Agency State Government

Benifits :

Natural Death Rs.30,000/-
Accidental Death Rs.75,000/-
Total permanent disability Rs.75,000/- (loss of two eyes or two limbs or loss of one eye and one limb in accident)
Partial permanent disability Rs.37,500/- (loss of one eye or one limb in an  accident)
Scholarships Two children of the beneficiaries studying in 9th to 12th Standard will get Rs.300/- per quarter per child


    This Scheme would extend the benefit of life insurance coverage as well as coverage of partial and permanent disability to the head of the family or an earning member of the family of rural landless households in the States and also educational assistance to their children studying from 9th to 12th standard as an extended benefit.

Policy Bond:

             Zilla Samakhya will hand over the individual Policy bonds to the all enrolled members during the Prajapatham Programme from 9th April, 2008 onwards. The Bond carries the members particulars as well as scheme particulars and Call Centre Phone Number.

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