Aam Aadmi Bima Yojana (AABY)

iAbout This Scheme

Launched on 2 October 2007, AABY provided life and disability insurance coverage to rural landless households aged 18-59 years. The annual premium of ₹200 was shared equally between the Central and State Governments. AABY covered death (₹30,000), natural death (₹30,000), accidental death (₹75,000), and permanent disability (₹75,000). It was merged with the Janashree Bima Yojana into the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) in 2015.

🎁Key Benefits

• Death benefit of ₹30,000
• Accidental death/permanent disability benefit of ₹75,000
• Partial disability benefit of ₹37,500
• Scholarship of ₹300/quarter for two children of policyholder

✅Eligibility Criteria

• 1
  Scheme discontinued — merged into PMJJBY 2015
• 2
  Originally: Rural landless household head or one member per family

📝How to Apply

❓Frequently Asked Questions