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  • Janashree Bima Yojana

    Incepted on August 10, 2000, Janashree Bima Yojana (JBY) is a government-sponsored socially oriented insurance scheme. Devised by the Central Government and Life Insurance Corporation (LIC) together, this scheme offers life insurance protection to rural and urban people below and marginally above poverty line. Currently there are 45 occupational groups covered under this plan.

    Eligibility Criteria for Janashree Bima Yojana

    In order to be eligible to avail the Janashree Bima Yojana policy, the person should satisfy the following criteria:

    • Individuals should be aged between 18 to 59 years
    • Should be a member of any of the nodal agency approved occupation or vocational group
    • Should be marginally above or below the poverty line
    • Minimum membership size should be 25

    Features of the Janashree Bima Yojana

    The members under this yojana will have to pay a premium of Rs 200 per head. 50% of the premium will be paid by the members or the State Government/Nodal Agency, while submitting the proposal. Nodal Agencies comprise Self Help Groups (SHGs), NGOs, Panchayat, or any other institutional arrangement. The other 50% of the premium will be contributed from the Social Security Fund.

    Women SHG Groups

    Janashree Bima Yojana also offers a special scheme to women SHG members to assist them in their children’s education. Term life insurance coverage amounting to Rs 30,000 is provided for a tenure of one year. The premium of Rs 200 per year is shared between the SHG member and LIC. Rs 100 is paid by the member, while the balance Rs 100 is borne by the LIC.

    Shiksha Sahyog Yojana

    The Yojana also offers a social security scheme, Shiksha Sahyog Yojana (SSY), for children of parents covered under the JBY. This is an add-on benefit of the Janashree Bima Yojana. A scholarship amount of Rs 600 is paid every 6 months to students studying in IX to XII (this also includes ITI students). This benefit can be availed by only two children in every family.

    Benefits of Janashree Bima Yojana

    This insurance policy comes with a number of added benefits. A few of them have been mentioned as under:

    • In the event of natural death, the nominee will be paid Rs 30,000 as death benefit.
    • On total permanent disability or death caused due to accident, the beneficiary of the life assured will receive Rs 75,000 as compensation.
    • If the life assured suffers partial permanent disability due to an accident, then Rs 37,500 will be paid as compensation.

    Groups Covered Under Janashree Bima Yojana

    The below mentioned groups, that fall in the below and marginally above poverty line category, are covered by JBY:

    Aanganwadi workers and helpers Manufacturer of paper products
    Agriculturists Papad workers attached to SEWA
    Beedi workers Physically handicapped self-employed persons
    Brick kiln workers Plantation workers
    Carpenters Powerloom workers
    Cobblers Primary milk producers
    Coconut processors Printing press workers
    Construction workers Rickshaw pullers/auto drivers
    Chemical products like candle manufacturing company workers Rubber and coal producers
    Earthen toy manufacturers Rural poor
    Fire cracker workers Safai karamcharis
    Fishermen Salt producers
    Foodstuffs like khandsari/sugar company workers Scheme for urban poor
    Forest workers Sericulture
    Hamals Sheep breeders
    Handicraft artisans Tenduleaf collectors
    Handloom weavers Textile
    Handloom and khadi weavers Toddy tappers
    Hilly area women Transport drivers association
    Kotwal Transport karamcharis
    Lady tailors Women associated with SHG
    Leather tannery workers  
    Manufacturer of food products  
    Manufacturer of leather products  
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