Aim of the Aam Aadmi Bima Yojna Scholarship Scheme 2018- Aam Aadmi Bima Yojana, Government of India’s Group Insurance scheme implementing in the state of Andhra Pradesh through Department of rural development for the benefit of 38.00 lakh rural landless agricultural laborers from 31st March, 2008 and 17.67 lakhs members are covered with the funds from MGNREGS upto 31.03.2013. Thus a total of 56.67 lakh members are covered under the scheme in the year 2012-13.
End Date of Application Submission: - 31st March 2018
Educational Qualification
Applicant must be studying in Class 9th, 10th, 11th and 12th can apply for the scheme.
Application Procedure
Candidates can apply Online Application Form. Applicant fill all the details carefully Candidates can check out all the details of Aam Aadmi Bima Yojana Scholarship Scheme 2018 through official website - http://www.aaby.ap.gov.in
Under this group insurance scheme, for a premium of Rs.320 per member, is shared by the Government of India and the State Government on 50:50 basis. LIC of India has Improved the premium from Rs. 200 to Rs. 320 per member from 1st April, 2010 due to high and adverse claim ratio reported for the year 2008-09 and 2009-10 in the State under the scheme.
AABY Scholarship Scheme Benefits
The Life Insurance Corporation of India (LIC) provides insurance cover of Rs.30,000 for natural death, Rs.75,000 for accidental death, Rs. 37500/- for permanent partial disability and Rs. 75000/- for permanent total disability due to accident. A free add-on scholarship benefit for the children of the members of AABY is provided under the scheme.
Venue: - Aam Aadmi Bima Yojna Scholarship
Official website: - http://www.aaby.ap.gov.in