ABOUT LIC

Every day we wake up to the fact that more than 220 million lives are part of our family called LIC. Humbled by the magnitude of the responsibility LIC carry and realize that the lives that are associated with it are very valuable indeed. Although this journey started five decades ago, we are still conscious of the fact that, while insurance may be a business for LIC, being part of millions of lives every day for the past 52 years has been a process called TRUST!!!! 53 Years Of Trust Thy Name Is LIC

MISSION "Explore and enhance the quality of life of people through financial security by providing products and services of aspired attributes with competitive returns, and by rendering resources for economic development. VISION "A trans-nationally competitive financial conglomerate of significance to societies and Pride of India."

Rural oriented schemes

JanaShree Bima Yojana (JBY) Features: The objective of the scheme is to provide life insurance protection to the rural and urban poor persons below poverty line and marginally above the poverty line. ELIGIBILITY: A person who is *Aged between 18 and 59 years. *Below or marginally above poverty line *A member of any of the approved vocation/occupation groups NODAL AGENCY: A State Government Department which is concerned with the welfare of any such vocation/occupation group, a Welfare Fund/ Society, Village Panchayat,NGO,SelfHelp Group,etc. MINIMUM MEMBERSHIP SIZE: Twenty five.

Benefits In the events of *Death (other than by accident) of the member,an amount of Rs.30,000/- is payable. *death/total permanent disability, due to accident,an amount of Rs.75,000/-is payable. *Permanent partial disability, due to accident, an amount of Rs.37,500/- is payable. PREMIUM : *The premium under the scheme is Rs.200/-per annum per member. *50% of the premium i.e. Rs.100/- will be contributed by the member and/or Nodal Agency/State Government. *Balance 50% will be borne by the Social Security Fund. APPROVED VOCATION & OCCUPATIONAL GROUPS: A) The group that can be covered are like workers in (i) Foodstuffs like khandsari (ii) Textile (iii) Manufacture of wood products (iv) Manufacture of paper products (v) Manufacture of leather products (vi) Printing (vii) Rubber and coal products (viii) Chemical products like candle manufacture (ix) Mineral products like earthern toys manufacture (x) Fire cracker's workers (xi)Construction workers (xii)Other related cottage industries to be identified by Nodal Agencies and other groups as identified by the Nodal Agency and approved by LIC. B) The occupational groups are : Beedi workers, Brick Kiln Workers(Jalandhar),Carpenters, Cobblers, Fisherman, Hamals, Handicraft Artisans, Handloom Weavers, Handloom and Khadi Weavers, Lady Tailors, Leather and Tannery Workers, Papad Workers attached to 'SEWA', Physically Handicapped self- Employed Persons, Primary Milk Producers, Rickshaw Pullers/ Auto Drivers, Safai Karmacharis, Salt Growers, Tendu Leaf Collectors, Scheme for the Urban Poor, Forest Workers, Sericulture, Toddy Tappers, Powerloom Workers, Scheme for Women in Remote Rural Hilly Areas.

Shiksha Sahayog Yojana

Features This is a scholarship scheme launched on 31.12.2001 for the benefit of children of members of Janashree Bima Yojana. ELIGIBILITY: Students studying in ix to xii standards, whose parents are covered under Janashree Bima Yojana.If a student fails and is detained in the same standard, he will not be eligible for scholarship for the next year in the same standard. BENEFIT: Scholarship of Rs 300/- per quarter per child will be paid for maximum period of 4 years. The benefit is restricted to two children per member(family) only. PREMIUM: No premium is charged for the scholarship HOW TO CLAIM SCHOLARSHIP: The Nodal Agency will identify the students.The member of Janashree Bima Yojana whose child is eligible for scholarship has to fill up an application form (available with Nodal Agency) and submit to the Nodal Agency.The applications duly filled up and certified will be sent alongwith the list of the beneficiary students by the Nodal Agency to the concerned LIC, P&GS Unit for disbursement of scholarship/s.The scholarship/s will be disbursed to the beneficiary students through the concerned Nodal Agency. As only a limited number of beneficiaries will be provided scholarship under the scheme, the selection for eligible students will be made on the basis of poorest of the poor. The scheme will be administered through Pension and Group Schemes Department of LIC of India.

Aam Admi Bima Yojana

In a rural landless household, when everyday living is a struggle, it is difficult to face life with a smile. And it becomes even more difficult when the future of your family is uncertain.

AAM ADMI BIMA YOJANA, a prestigious scheme of the Central and State / Union Territory Governments and administered by LIC brings a ray of hope and smile to these households.
NODAL AGENCY The Nodal Agency shall mean the State / Union Territory Government appointed to administer the scheme. The Nodal Agency shall act for and on behalf of the insured members in all matters relating to the Scheme. IDENTIFICATION OF BENEFICIARIES The State / Union Territory Government in consultation with the Panchayats will identify the persons to be covered under the scheme. All the members will be provided with an identity card by LIC with an unique identity number. ELIGIBILITY The member should be aged between I 8 and 59 years The member should be the head of the family or one earning member in the family of rural landless household.

AGE PROOF Ration Card Extract from Birth Certificate Extract from School Certificate. Voters list Identity Card

Benefits In the event of death of a member prior to the terminal date, the Sum Assured of Rs.30,000/- will become payable to the nominee. Accident Benefit: In the event of death by accident or Total / Partial Permanent Disability due to accident, the following benefits shall become payable: a) on death due to accident Rs.75,000/b) Permanent total disability due to accident Rs.75,000/c) Loss of one eye or one limb in an accident Rs.37,500/-

A free add-on scholarship benefit for the children of the members of AABY is provided under the scheme. A scholarship at the rate of Rs. 100/- per month will be given to maximum two children studying between 9th to I2th Standard. This scholarship, however, is payable half yearly - on 1st July and on Ist January, each year. PREMIUM The premium under the scheme shall be Rs.200/- out of which 50% shall be subsidized from the Fund created for this purpose by the Central Government and the remaining 50% shall be contributed by the State Government. The premium shall be payable in yearly mode and no relaxation of mode of payment will be allowed. Experience rating adjustment will be allowed after 3 years based on claim experience, if the group is of 2,000 or more members. Even if the group size is small and the claim experience is adverse, LIC may review the rates.