With reference to “Aam Admi Bima Yojana”. Consider the following statements:

1. The member insured under the scheme must be the head of the family or earning member of the family in a rural landless household.
2. The member insured must be in the age group of 30 to 65 years.
3. There is a provision for free scholarship for up to two children of the insured who are studying between classes 9 and 12.

Which of the statements given above is/are correct?

1. 1 only
2. 2 and 3 only
3. 1 and 3 only
4. 1, 2 and 3

Explanation

Only statements 1 and 3 are correct

• Aam Aadmi Bima Yojana was converged with Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) with effect from 01-06-2017.
• It was a social security scheme launched by the Ministry of Labour & Employment, Government of India, and implemented through LIC.
• It provided death and disability coverage to members of 48 specific occupational/vocational groups, rural landless households, and unorganized workers. Beneficiaries aged 18–59 years pay subsidized annual premiums of ₹200 for insurance coverage.
• Additionally, scholarships are granted for children studying in grades 9–12, ensuring holistic family welfare.
• Eligibility:
  • The applicant should be aged between 18 and 59 years.
  • The applicant should normally be the head of the family or an earning member.
  • The applicant’s family should be categorized as below the poverty line (BPL) or marginally above the poverty line.
  • The applicant should belong to an identified occupational or vocational group.
  • The applicant should be part of a rural landless household.

Answer: (c) 1 and 3 only | Difficulty Level: Easy