Benefit Amount
Up to Rs.2 lakh for accidental death, Rs.75,000 for disability, Rs.30,000 for hospitalizationInsurance
ℹAbout Aam Aadmi Bima Yojana
Aam Aadmi Bima Yojana is a social security and health insurance scheme designed to provide financial protection to unorganized sector workers and their families. The scheme offers life insurance coverage, disability benefits, and medical expense support to vulnerable populations including daily wage workers, small traders, and self-employed individuals. Beneficiaries receive a lump sum amount in case of death or permanent disability, along with access to cashless hospitalization and medical treatment. The scheme aims to reduce financial burden on poor families during health emergencies and loss of earning member. It is a micro-insurance product that combines life insurance with health coverage at affordable premiums, primarily targeting workers in the informal economy.
Ministry
Ministry of Finance
✓Who Is Eligible?
The Aam Aadmi Bima Yojana is designed specifically for workers in the unorganized sector across all of India. You are eligible if you are a daily wage worker, small trader, self-employed individual, or any other informal economy worker. Your age must be between 18 and 60 years at the time of application. Your annual income should be below Rs.1.5 lakh per year. There are no specific caste or category restrictions for this scheme as it is open to all citizens regardless of their religious or social background. Both men and women can apply equally. Since this scheme is available across all states in India, geographic location is not a barrier to eligibility. However, you must have valid identity proof such as Aadhaar Card, Voter ID, or Driving License. You also need an active bank account for receiving benefits and paying premiums. If you have any existing health conditions, you may need to provide a medical fitness certificate as decided by the insurance provider. The scheme focuses on protecting economically vulnerable populations, so it specifically targets those in the informal economy who lack regular employment benefits.
Quick eligibility check:
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Annual income below ₹1,50,000✓
Occupation: DailyWageWorker, SelfEmployed, SmallBusiness, Farmer, Artisan, Weaver, Fisherman📝How to Apply for Aam Aadmi Bima Yojana
Follow these simple steps to apply for the Aam Aadmi Bima Yojana: Step 1: Visit the official website at www.aamaadmibimayojana.com to understand the scheme details and check your eligibility. Step 2: Gather all required documents including your Aadhaar Card, Voter ID or Driving License, proof of residence, bank account details, income certificate, and any medical fitness certificate if needed. Step 3: Contact your nearest bank, post office, or the authorized insurance agent who handles this scheme in your area. Step 4: Fill out the application form with accurate personal and financial information, ensuring all details match your documents. Step 5: Submit the completed form along with all supporting documents to the bank or authorized agent. Step 6: Pay the applicable premium amount as decided based on your age and coverage chosen. Step 7: After verification of your documents and payment confirmation, you will receive your insurance policy certificate by mail. Keep your policy number safe for future reference and claims.
📄Documents Required6 required
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Voter ID or Driving License📋
Medical fitness certificate if applicable?Frequently Asked Questions
1Who is eligible for Aam Aadmi Bima Yojana?
Unorganized sector workers including daily wage laborers, small traders, self-employed persons, farmers, artisans, and weavers aged 18-60 years with annual income below Rs.1.5 lakh are eligible. The scheme is designed to cover vulnerable populations in the informal economy.
2What are the key benefits provided under this scheme?
The scheme provides life insurance coverage of up to Rs.2 lakh for accidental death, Rs.75,000 for permanent disability, and Rs.30,000 for hospitalization expenses. Family members also receive dependent benefits in case of death of the primary member.
3What is the premium amount and who pays for it?
The annual premium is highly subsidized, typically ranging from Rs.200-300. The government partially or fully subsidizes the premium depending on the category and state. Eligible individuals need to enroll through their banks or nominated insurance companies.
4How can I apply for this scheme?
You can apply through authorized banks, post offices, or insurance agents. Submit required documents including Aadhaar, income certificate, and bank details. Enrollment is simplified with minimal documentation to encourage participation among informal workers.
5Are there any exclusions or waiting periods?
There is typically a 30-day waiting period for non-accidental claims. Accidental death and disability claims are covered from day one. Pre-existing conditions and certain medical treatments may have specific exclusions as per policy terms.
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