The Central government has also launched several steps aimed at providing health and life insurance policies to the common man after COVID outbreak.
There is no denying the fact that people have now become extra cautious about their health insurance and life insurance covers in the wake of the COVID-19 pandemic. The Central government has also launched several steps aimed at providing health and life insurance policies to the common man.
1. Life Insurance Corporation (LIC) Aam Aadmi Bima Yojana
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LIC's Aam Aadmi Bima Yojana provides life-time policy along with accidental death cover.
2. Details of LIC Aam Aadmi Bima Yojana
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LIC Aam Aadmi Bima Yojana provides Rs 30,000 life insurance cover to the insured in case of natural death during the policy tenure.
3. Other features of LIC Aam Aadmi Bima Yojana
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LIC Aam Aadmi Bima Yojana also qualifies for accidental death or disability benefit in case of accident during the term of the insurance.
4. How much money will be paid in case of accidental death
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LIC Aam Aadmi Bima Yojana's policy holder will be eligible for Rs 37,500 for accidental disability and Rs 75,000 life insurance cover will be paid to the nominee in case of accidental death of LIC policy holder.
5. Eligibility
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LIC Aam Aadmi Bima Yojana can be availed by anyone from 18 years of age to 59 years of age.
6. Premium
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LIC Aam Aadmi Bima Yojana premium per annum is Rs 200 out of which 50 per cent or Rs 100 will be paid by the state or union territory government. It means that LIC policy holder will have to pay Rs 100 only.
