Andhra Pradesh’s YSRCP government is going to launch its flagship ‘YSR BIMA’ scheme.
The scheme will cover 1.41 crore ‘Primary Bread Earners’ of Below Poverty Line (BPL) families, belonging to the unorganised sector. The state government will single-handedly be funding the entire insurance scheme.
The estimated value of the premium being paid by the government at this point in time is Rs 510 crores. The amount is expected to go up further as the number of beneficiaries is expected to increase within a few days, once the bank accounts of some of the eligible citizens are operationalised.
Category-wise Coverage
v Accidental death and total permanent disability (Age: 18-50 ) = Rs 5 lakh
v Accidental death and total permanent disability (Age: 51-70 ) = Rs 3 lakh
v Natural death (Age: 18-50 ) = Rs 2 lakh
v Partial permanently disability due to an accident (Age: 18-70 ) = Rs 1.5 lakh
The Andhra Pradesh government has assured that the claim amount will be deposited into the linked bank account within 15 days of the claim being made.
