Janashree Bima Yojana (JBY) was launched on 10th August 2000. The Scheme has replaced Social Security Group Insurance Scheme (SSGIS) and Rural Group Life Insurance Scheme (RGLIS). 45 occupational groups have been covered under this scheme.
The premium for the scheme is Rs. 200/- per member, 50 % premium under the scheme is met out of Social Security Fund set up in the year 1988-89 which is maintained by LIC. The balance 50% premium is borne by the member and/ or Nodal Agency.
|On natural death||Rs. 30000/-|
|On Death/Total permanent disability due to accident||Rs. 75000/-|
|On partial permanent disability due to accident||Rs. 37500/-|
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.
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
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|
|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|
|Foodstuffs like khandsari/sugar company workers||Scheme for urban poor|
|Handicraft artisans||Tenduleaf collectors|
|Handloom and khadi weavers||Toddy tappers|
|Hilly area women||Transport drivers association|
|Lady tailors||Women associated with SHG|
|Leather tannery workers|
|Manufacturer of food products|
|Manufacturer of leather products|