All about About Janashree Bima Yojana

The Janashree Bima Yojana scheme is a life insurance scheme for people below the poverty line. This article talks about Janashree Bima Yojana coverage and the different specialised perks offered through Shiksha Sahyog Yojana.

If you are considering availing this scheme or want to provide someone else with details, this article is the perfect place to clear your doubts! We have taken a detailed and comprehensive look at the whole scheme.

What is Janashree Bima Yojana?

The Government of India and the Life Insurance Corporation of India started the Janashree Bima Yojana back in 2000. They created this scheme to provide life insurance for both rural and urban people. Most importantly, this programme targets individuals who are below or marginally above the poverty line.

At present, the scheme covers forty-five different occupational groups. It now encompasses two previously prevalent systems – the Social Security Group Insurance Scheme and Rural Group Life Insurance Scheme.

We hope this cleared your understanding of what is Janashree Bima Yojana!

What are the features of Janashree Bima Yojana?

Some of the important features of the Janashree Bima Yojana are as follows:

It is a government insurance scheme started in association with the LIC.
This programme targets people marginally above or below the poverty line.
Premium per person is Rs. 200.
An applicant or state government or nodal agency pays around 50% of the premium.
The Social Security Fund pays the remaining 50%.
Self-help groups, NGOs, panchayats, or other institutional agencies can be considered as nodal agencies.
Janashree Bima Yojana Scheme offers a unique service to female self-help group members. This scheme assists them in their children’s education, providing Rs. 30,000 for one year.
There is also a provision for children whose parents are participants of the JBY. Two children per household studying in classes 11 or 12 can claim a scholarship of Rs. 600 every six months.

What are the benefits of Janashree Bima Yojana?

Before opting for any scheme, people always like to know the benefits of signing up. Here are some of the benefits of Janashree Bima Yojana.

A beneficiary will receive Rs. 30,000 in the case of natural death.
In the case of death or permanent disability due to an accident, the compensation offered is equal to Rs. 75,000.
For a partial disability due to an accident, the amount provided is Rs. 37,500.

These are the benefits of signing up for the JBY or the Janashree Bima Yojana coverage.

What are some special schemes offered by Janashree Bima Yojana?

The JBY programme also offers, apart from the insurance coverage, some special concessions. They are as follows:

Essential details about Women SHG (self-help groups)

This scheme offers several benefits to women participants. It helps them with their children’s education. There is a term insurance plan offering coverage of Rs. 30,000. This amount is provided for a year. Beneficiaries will need to pay Rs. 200 as an annual premium. The woman member pays Rs. 100 and LIC pays the remaining Rs. 100.

Essential details about Shiksha Sahyog Yojana

This plan covers certain children only. Their parents should be members of the JBY. A scholarship of Rs. 600 is paid every six months to those in classes 11 and 12. This scholarship is provided to only two children per household.

What are the different groups covered in Janashree Bima Yojana?

The JBY group covers around forty-five different categories of workers. They are shown in the table given below.

List of 45 Categories of Workers:

Anganwadi workers and helpers
Beedi worker
Agriculturists
Brick kiln workers
Plantation workers
Fishermen
Manufacturer of paper products
Powerloom workers
Physically handicapped self-employed persons
Carpenters
Papad workers attached to SEWA
Earthen toy manufacturers
Coconut processors
Printing press workers
Rural poor
Scheme for urban poor
Workers in rubber and coal-producing companies
Workers in companies manufacturing chemical products like a candle
Primary milk producers
Construction workers
Firecracker workers
Safai karamcharis
Cobblers
Workers in salt producing companies
Workers in companies manufacturing food items, like khandsari/sugar
Rickshaw pullers/auto drivers
Handloom weavers
Hilly area women
Handloom and khadi weavers
Toddy tappers
Textile
Tendu leaf collectors
Forest workers
Handicraft artisans
Hamals
Sericulture
Sheep breeders
Transport drivers’ association members
Kotwal
Workers involved in the manufacture of leather products
Lady tailors
Leather tannery workers
Transport karamcharis
Workers involved in the manufacture of food products
Women associated with SHG

What are the eligibility criterias for Janashree Bima Yojana?

The eligibility criterias for JBY are as follows.

The age of the individual should be between 18 and 59 years.
A person should be below or marginally above the poverty line.
The membership size should be a minimum of 25.
Should preferably be a member of any nodal agency or vocational group.

How to apply for Janashree Bima Yojana?

You can use this link to download and print the Janashree Bima Yojana online application form – https://www.pdffiller.com/29825639-fillable-janshri-bima-yojanamp-form. Also, a person can apply through the nodal agency or the self-help group he/she is a part of. Another way to apply would be through any LIC office.

The Janashree Bima Yojana aims to extend insurance policies to economically marginalised workers and their children. This scheme also benefits women and children by providing them with financial assistance.

Frequently Asked Questions

All

Is Janashree Bima Yojana a life insurance scheme?

No, it extends financial assistance even in case of permanent or partial disability due to an accident. So, the scheme does not only cover the death of an individual.

Is the Janashree Bima Yojana exempted from GST?

Yes, this scheme is exempted from GST as a part of the government’s aim to improve participation.

What is the period of coverage under the Janashree Bima Yojana?

The JBY scheme period is 1 year.