• LIC Aam Aadmi Bima Yojana Plan

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    Plan Benefits

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    LIC Aam Aadmi Bima Yojana is a result of merger of two major two social schemes- Aam Aadmi Bima Yojana and Janashree Bima Yojana . It is a social security scheme launched for rural landless household. One earning member of the family(usually the head of the family) is covered under the scheme. The central government and the state government share the premium payment equally.

    Eligibility Criteria for LIC Aam Aadmi Bima Yojana

    Feature Eligibility
    Minimum age at entry 18 years
    Maximum age at entry 59 years

    Key Features of LIC Aam Aadmi Bima Yojana

    Type It is a social security scheme
    Target Rural landless households
    Premium Rs. 200
    Eligibility age 18 years to 59 years

    Benefits and Advantages of LIC Aam Aadmi Bima Yojana

    • The plan was launched specially for Rural Landless Households
    • The Central government and the state government both make an equal contribution of Rs.200 to the scheme
    • Natural Death Benefit- Upon the death of a member during the term of the LIC policy, sum assured amount of Rs. 30,000 will be paid to the nominee
    • Accidental Death/ Disability Benefit- The plan qualifies for Accidental death/ disability benefit in case of accident during the term of the insurance.
    • Add on Benefit- The plan also provides an add on benefit wherein scholarship will be given to a maximum of two children of the beneficiary who is studying between 9th ti 12th standard for Rs.100 per month.

    How to Join the Scheme?

    LIC Aam Aadmi Bima Yojana is based on Nodal Agency Model. The Nodal agencies include Panchayats, NGOs and self help groups. The Nodal agency can get in touch with the nearest pension and group schemes office or any LIC office to join the scheme. 

    This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    LIC Aam Aadmi Bima Yojana Plan Reviews

  • Page 1 of 50 1 2 3 4 5
    • LIC Life Insurance
      "Good policy"
      0.5 5.0/5 "Blown Away!"
      I have taken life insurance from LIFE INSURANCE CORPORATION OF INDIA and the yearly premium is 30000. The total maturity period is for 20 years. After the maturity period i will get the sum assured and the interest. I mostly do cash payment.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 14 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 3 months by cash and i am convenient with the payment options. The maturity period for this policy is after 23 years.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Better"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the Life Insurance Corporation of India. I would like to say that the customer service is fine one for me and the response is also good, also its not necessary. Plan benefits are less with them.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I took this life insurance jeevan policy from Lic insurance company mainly because of the good returns. The tenure period is 20 where the policy covers till 60 years . Am doing my payment yearly through on-line banking this policy covers accidental benefits and critical illnesses .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I took life insurance jeevan policy from Lic insurance company mainly because of the good returns, its 20 years of tenure period , the payment am doing through on-line monthly . There customer service and customer response is good .This policy covers accidental and critical illness coverage .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance Money back policy from Life insurance Corporation of India. Am satisfied with the premium amount of Rs 7000 which has the tenure period of 20 years . There customer service and response is good. Overall am satisfied with the policy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 19, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I've a life insurance policy with the LIC. It offers Accidental and Life coverage in one policy . I pay a premium of Premium 4900 per year. I make payments via Cheque and online LIC website. I never faced any issue with the policy so far. Overall ti has been a good experience with their services.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've an insurance policy with the LIC. I make payments via the LIC website . I also got loans out of the policy for 60000 and the whole process of loan application was quick and got the loan amount with in 3 working days. Overall it has been a smooth experience with the LIC policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. The tenure of the policy is 20 years. I am paying the premium of quarterly 5000. The sum assured is 1 lac. The payment options are also smooth. I never had any issues with their services. LIC is a recommendable insurance provider.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. I have been using their services for a while. It is too easy to make payments and never faced any issues with the policy so far. Being a government company the security for your investment is certainly there with the LIC and it is a recommendable insurance provider.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've a life insurance policy with the LIC. Their service is great, I make payments via LIC website. I have paid a lump-sum premium of 70000 and I never faced any issues with their services. Their new payment platform is also very useful and intuitive.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have taken Life insurance Money back from life insurance corporation of India . Am not satisfied with the premium amount which am paying . Their customer service and response is good . They did quick documentation. It has good returns with good benefits.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance jeevan policy from Life insurance corporation of India . This policy covers with accidental coverage and critical illness coverage . This is good policy with good benefits . Overall am satisfied with customer service and response . I have choose tenure period of 20 years and make the payment yearly through on-line net banking.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 10-12 years and it is a long term policy. I am happy with the returns and benefits of this policy. I pay my premium once in 6 months through direct payment and i am convenient with the payment options. The name of this policy is Jeevan anand and the maturity period is after 15 years.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "LIC is old company with new services"
      0.5 5.0/5 "Blown Away!"
      I'm regularly paying the premium. I came to know about the policy through agent. I use to payment through net banking. I will get the sum assured amount of Rs. 50 Lakhs. I use to pay the premium amount of Rs. 16000. I have opted for the premium yearly once.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with LIC from last 2 years and it is a long term policy. The tenure for this policy is 15 years. I pay my premium once in 6 months through net banking and i am convenient with the payment options. I am happy with the returns and benefits of this policy.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "They have to change the agent for their policies. "
      0.5 1.0/5 "Really Bad"
      I don't find any offers from LIC. I did not paid the premium properly. I never called up the LIC customer care services. They committed many benefits when i take the policy from them. But they did not provide anything after that. I have paid only one premium with the amount of Rs. 5000 for my pension policy. I don't remember the benefits of the policy now. Agent who works in LIC makes lots of people fool.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good policy to take"
      0.5 5.0/5 "Blown Away!"
      It is very old policy. I have taken the policy 8 years back. I'm paying the premium six month once. I don't remember the sum assured amount and all. Death Coverage, Risk Coverage is available. Every 5 years i will get some money from them. Once the tenure is over, i will get the whole money. Tenure period of this policy is 15 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "Good Service"
      0.5 4.5/5 "Excellent!"
      I've been using the Jeevan Anand policy for a while. I am paying the premium of 25000 per year, it offers coverage for me and wife. The tenure is 15 years and I make payments via agent. Overall I never faced any issues with their services. The branch services are also good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 18, 2018
    • LIC Life Insurance
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I am having a plan called MONEYBACK from the LIC. I am holding it since 14 years. It is a short term of 15 years. The documents i have done physically. I had got no loan from my insurance. I am getting the money back in the 5th year. I would be getting the 3 lakhs as the summer shot.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 17, 2018
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