Categories: State News

Andhra Pradesh CM launches ‘YSR BIMA’ for BPL families

The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy has launched ‘YSR Bima’, a scheme to provide financial assistance through insurance cover to the beneficiary in case of death or accident of their families members. All families with white ration cards are eligible for YSR Bima scheme. Village/ward volunteers will visit the families and enrol the names of the primary householders.

About “YSR Bima” Scheme:

  • The claim amount will be directly credited into the beneficiary bank account within 15 days of making the claim.
  • Apart from this, immediate assistance of Rs 10,000 will be provided to the families through village and ward secretariats.
  • The scheme will benefit 1.41 crore BPL families of the state.
  • An amount of Rs 510 crore would be paid by the state government annually as an insurance premium for this scheme.
  • This will also make Andhra Pradesh as the first state in the country to single-handedly fund the insurance scheme.

Boost your General Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | SBI Clerk Mains & RBI Assistant Mains Exams

Category wise insurance amount covered under the scheme:

  • Accidental death and total permanent disability for people aged between 18-50 years: Rs 5 lakh.
  • Accidental death and total permanent disability for people aged between 51-70 years: Rs 3 lakh.
  • Natural death cases (18-50 years): Rs 2 lakh.
  • Partial permanent disability in an accident case (18-70 years): Rs 1.5 lakh.

Important takeaways for all competitive exams: 

  • Chief Minister of Andhra Pradesh: YS Jagan Mohan Reddy; Governor: Biswa Bhusan Harichandan.

Find More State In News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Keoladeo National Park: Location, Biodiversity, Migratory Birds and Conservation Importance

Following good monsoon rains, migratory birds like storks, pelicans, painted storks, and bar-headed geese have…

31 mins ago

National Forensic Infrastructure Enhancement Scheme (NFIES): Objectives, Components and Latest Updates

With rising crime complexity and new legal mandates requiring forensic evidence, India is strengthening its…

40 mins ago

Fiscal Policy in India: Objectives, Instruments, Types and Role in Governance

Fiscal Policy is one of the most influential pillars of India’s economic strategy. It determines…

54 mins ago

Which is the Coldest Place on the Earth? Check the Name and Significance

The Earth has many amazing and unusual places, and some of them experience temperatures that…

55 mins ago

Billionaire Wealth Transfer Enters Historic Phase

In a striking reflection of a shifting global wealth landscape, the UBS Billionaire Ambitions Report…

60 mins ago

Sunil Narine Makes T20 History With 600‑Wicket Milestone

In a landmark moment for cricket, Sunil Narine has become the first player in the…

1 hour ago