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YSR Bima Scheme - Free Insurance Cover for Bread Earners 2 Lakhs to 5 Lakhs Insurance

YSR Bima - Objective of the Scheme YSR BHIMA YSR BHEEMA Scheme Complete Details. The main Objective of the scheme is to provide relief to the bereaved families of BPL in case of death or disability of their Primary Bread Earners to mitigate the financial impact due to the sudden loss of the Primary source of income. Labour Factories Boilers & Insurance Medical Services Department - “YSR BIMA ” (Social Security Scheme) of Providing Rs.5.00 lakhs Accidental Death Insurance and Rs.2,00,000/- Natural Death insurance relief to the Primary Bread Earners of Families under BPL. LABOUR FACTORIES BOILERS& IMS (Lab-I) DEPARTMENT G.O.MS.No. 5 Dated: 28-08-2020

YSR Bima Scheme - Free Insurance Cover for Bread Earners 2 Lakhs to 5 Lakhs Insurancee

Labour Factories Boilers & Insurance Medical Services Department - “YSR BIMA ” (Social Security Scheme) of Providing Rs.5.00 lakhs Accidental Death Insurance and Rs.2,00,000/- Natural Death insurance relief to the Primary Bread Earners of Families under BPL. YSR BIMA GO LABOUR FACTORIES BOILERS& IMS (Lab-I) DEPARTMENT G.O.MS.No. 5 Dated: 28-08-2020

The death or disability due to accident of a Primary Bread Earner results in misery to his/her family with hardship and reduced earnings and excessive medical expenditure relating to the accident. Hence, there is every need to provide accidental death and disability insurance to the Primary Bread Earner of BPL families towards social security. Further, even natural death of a Primary Bread Earner of the BPL family results in undue hardship to the surviving family members who are to be provided with some relief. Thus, the State Government has introduced the YSR- Bima scheme.

Government issued the guidelines for implementation of “YSR-Bima”, a Social Security Scheme to provide relief upto Rs.5,00,000/- (Rupees Five Lakhs only) in case of Accidental Death or Total Permanent Disability and Rs.2,00,000/- (Rupees Two Lakhs) in case of Natural Death, to the bereaved
family members of the deceased Primary Bread Earner

Salient Features, Benefits of the YSR Bima Scheme

All Primary Bread earners belonging to BPL families in the State, in the age group of 18 to 70 years are eligible to be enrolled as beneficiaries of YSR Bima Scheme.

Benefits under the YSR -Bima Scheme are as follows:
  • (i) Rs. 5,00,000/- (Rupees five lakhs) Accidental Death and total disability relief for the age group of 18 to 50 years.
  • (ii) Rs.3,00,000/-(Rupees Three Lakhs) Accidental Death and total disability Relief for the age group of 51 to 70 years.
  • (iii) Rs.2,00,000/- (Rupees Two lakh only) Natural Death relief for the age group of 18 to 50 years.

Salient Features of the Scheme
All Primary Bread earners belonging to BPL families in the State, in the age group of 18 to 70 years are eligible to be enrolled as beneficiaries of new YSR- Bima Scheme. G.O.Ms.No.5,LFB &IMS (Lab.I) Dept., dt.28.08.2020 YSR BIMA SCHEME

Benefits under the new YSR -Bima Scheme 

  • i. Rs.2.00 lakh relief amount to the nominees of the beneficiaries towards Natural Death in the age group of 18-50 years under YSR Bima Scheme will be paid directly by the Government through GV/WV & VS/WS Department.
  • ii. Rs.5.00 lakh relief amount will be paid to the beneficiaries towards Accidental Death/Permanent Disability in the age group of 18-70 years through insurance company. Insurance coverage will be made under suitable Group Insurance Scheme by the selected Insurance Company. The total premium for the Scheme shall be paid by the Government.
YSR Bima Scheme Details in Telugu: సామాజిక భద్రత కోసం BPL కుటుంబాల ప్రాథమిక సంపాదించే వ్యక్తీ కి ప్రమాదవశాత్తు మరణం మరియు వైకల్య బీమా కల్పించాల్సిన అవసరం ఎంతైనా ఉంది. ఇంకా, BPL కుటుంబానికి చెందిన ప్రాథమిక రొట్టె సంపాదించే వ్యక్తి సహజ మరణం కూడా, జీవించి ఉన్న కుటుంబ సభ్యులకు అనవసరమైన కష్టాలను కలిగిస్తుంది, వారికి కొంత ఉపశమనం లభిస్తుంది. అందుకే రాష్ట్ర ప్రభుత్వం వైఎస్ఆర్ బీమా పథకాన్ని ప్రవేశపెట్టింది
  • YSR బీమా పథకం కింద 18-50 సంవత్సరాల వయస్సు గల సహజ మరణానికి లబ్ధిదారుల నామినీలకు రూ.1.00 లక్షల ఉపశమన మొత్తాన్ని ప్రభుత్వం నేరుగా చెల్లిస్తుంది
  •  YSR బీమా పథకం 18-70 ఏళ్ల వయస్సులో ప్రమాదవశాత్తు మరణం/శాశ్వత వైకల్యం సంభవిస్తే  లబ్ధిదారులకు బీమా కంపెనీ ద్వారా రూ.5.00 లక్షల రిలీఫ్ మొత్తం చెల్లించబడుతుంది. ఎంచుకున్న బీమా కంపెనీ ద్వారా తగిన గ్రూప్ ఇన్సూరెన్స్ పథకం కింద బీమా కవరేజ్ చేయబడుతుంది. పథకం కోసం మొత్తం ప్రీమియం ప్రభుత్వమే చెల్లించాలి.

Definition of BPL for YSR BIMA Scheme

Definition of BPL for YSR BIMA Scheme is defined as:
  • (i) In rural areas, Family having income upto Rs. 10,000/- per month i.e., Rs.1.20 lakh per year and in urban areas upto Rs. 12,000/- per month i.e., Rs.1.44 lakh per year from all sources income.
  • (ii) Family having agriculture land not exceeding 10 acres dry or 3 acres wet or total land both dry and wet together not exceeding 10 acres.”
  • (iii) Family having own or rented house whose average monthly electricity consumption less than 300 units.
  • (iv) Family having own house of less than 1000 Sft in Urban Areas. 
  • (v) Family where there is no government employee.
  • (vi) Family not having own motorized four wheeler. However, family having taxis, Auto and Tractors used for agriculture purposes are eligible.
  • (vii) Family not having any member as Income Tax Payee.

Guidelines for Implementation of YSR Bima Scheme

All Grama/Ward Sachivalayams are hereby notified as YSR Bima Beneficiary Facilitation Centers, for facilitation of registration of Beneficiaries, their enrollment in social security schemes, processing of claims and for delivery of such other services required for implementation of the YSR Bima Scheme.

Implementing agency for this scheme shall be GSWS Department and the Director, GSWS Department using the services of Grama / Ward Volunteers shall identify the eligible beneficiaries.

Implementing Agency (GSWS) shall identify the members who are eligible to be covered under the scheme, enroll them as members and prepare database of such members and shall intimate the Government and nodal agency (the Department of Labour) regarding such enrollment along with the data.

Data shall be accepted by the Department of Labour after due validation.

For the purpose of admission into the scheme, the member shall sign a formal enrolment form and the declaration of good health. If the declaration of health made by the member and other particulars are found to be satisfactory, the implementing agency may enroll the member to the scheme and include in the data base to affect the assurance subject to other conditions.

Eligibility Criteria: 
The members should be aged between 18 completed years and 70 years. 
He / She should be from Below Poverty line. 
He / She should be Primary Bread earning member. 
The decision as to the eligibility of the member for the enrolment into the scheme is fully vested with the Nodal Agency. 
The Nodal Agency will however, verify the eligibility of the member as per the above criteria.

Verification of Age: The Nodal Agency has to satisfy that the member covered under the Scheme is in the respective age group as desired by the scheme. Age admission will be done based on Aadhar or any other document as specified in the notification under section 7 of the Aadhar Act.

Appointment of Nominee: Every insured member shall appoint one or more from the spouse or children or dependents to be the nominee or nominees in accordance with Section 39 of Insurance Act 1938. In the event of death of the insured member while being covered under the Scheme, the benefits of insurance cover as assured on his life will be paid to the nominee. If the insured member does not have a spouse or child/children or dependents, then he shall appoint his legal representative to be the nominee. The Data regarding nomination will be maintained by the Implementing Agency and they shall submit the details of nomination or legal heirs to Insurance Companies for settlement of claims. In case the nominee is a minor, then the insured member shall appoint an Appointee to receive the benefit of assurance.

Servicing of the Scheme: The Nodal Agency will coordinate with all concerned Implementing Agencies to adopt a strong IT based system to service the Scheme. The implementing agencies will maintain centralized data base of the insured members. The settlement of claims would be subject to implementing Agency submitting Claim form, claim-cumdischarge form and copy of the Death Certificate, age proof of member as required by the insurance company in accordance with policy terms, conditions & MoU. Details of nominee like the Aadhar number and bank account to which the claim proceeds are to be credited, and other details as required by insurance company to process the claim.

“Labour Department” is the “Nodal Agency” and the “GSWS Department” is the “Implementing Agency”.
  • The GSWS Department will resurvey the Primary Bread Earners of the BPL families and register the beneficiaries under YSR BIMA.
  • All Primary Bread earners belonging to BPL families in the State will be registered through a Door-Door Survey to be undertaken by the Grama / Ward Volunteers and enroll them as beneficiaries under YSR- Bima Scheme.
  • A designated Officer of the Grama Sachivalayam/Ward Sachivalayam i.e., Welfare Assistant shall be the Registering Authority.
  • The role of SERP (PR & RD Dept) as “Implementing agency” as envisaged in G.O.Ms No.5 LFB&IMS Dept. dt. 28.08.2020 will be taken over by the GSWS Department in due course. SERP/PR &RD Dept. shall hand hold the process till handing over the implementation to the GSWS Dept
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