Launched in the year 2000, the Janshree Bima Yojana is a government-sponsored life insurance scheme that was unveiled by Life Insurance Corporation of India and the Central Government. The scheme aims to provide social security and financial assistance to urban and rural segments, mostly those who are below and slightly above the poverty line. This includes 45 different occupational groups such as beedi workers, fishermen, handloom weavers, and street vendors. The implementation of the scheme can be done by self-help groups, NGOs, panchayats, or other institutional agencies.
Janshree Bima Yojana: Features
Janshree Bima Yojana offers a range of features and advantages. The scheme offers special benefits for female self-help group members and supports their children's education. The premium for each person is ₹200, with 50% paid by the applicant or the government and the remaining 50% paid by the Social Security Fund.
A unique feature is how members who belong to the female self-help group under the scheme are supported with their children's education by providing them up to ₹30,000 per year.
Janshree Bima Yojana: Benefits
In the event of the member's natural death, the legal heir will receive ₹30,000.
If someone dies or becomes completely disabled due to an accident, the rightful inheritor will be given ₹75,000.
In the case of partial permanent disability resulting from an accident, the individual will receive ₹37,500.
Female self-help group members can claim ₹20,000 for the treatment of critical illnesses like breast cancer.
Children studying in classes 9 to 12 can receive a scholarship of ₹600 per half year under the Shiksha Sahayog Yojana.
The scheme is exempt from GST as the government aims to increase the reach of the program.
Financial assistance is not limited to coverage in case of death. In fact, the scheme provides coverage in case of partial or permanent disability due to an accident.
Janshree Bima Yojana: Eligibility
To be eligible for Janashree Bima Yojana, an individual must meet the following criteria:
To qualify, people must be aged 18 years to 59 years
The minimum membership requirement is 25 people
Membership is limited to approved occupational or vocational groups
Individuals must fall slightly above or below the poverty line
Janshree Bima Yojana: Workers covered by the scheme
Agricultural workers
Papad workers associated with SEWA
Workers in earthen toy manufacturing
Anganwadi helpers and workers
Workers in forests and salt-producing companies
Carpenters
Beedi workers
Construction workers
Brick kiln workers
Powerloom workers
Toddy tapping workers
Firecracker industry workers
Workers in rubber sector
Workers in coal production
Sericulture workers
Leather tannery workers
Khadi weavers and handloom weavers
Workers in sugar factories and food manufacturing companies
Physically handicapped and self-employed
Fishermen
Auto drivers
Rickshaw pullers
Women tailors
The government has made it easier to enroll in Janshree Bima Yojana through recognised organisations and agencies or LIC offices could be used as an additional application medium.
Conclusion
As most Government schemes and policies are subject to changes and replacements over time in order to better serve the beneficiaries needs. A good move is to stay updated and keep track of official government websites or official information to obtain the most up-to-date information.
