YSR Bheema Scheme - How to Apply , Eligibility and Benefits

YSR Bheema Scheme - How to Apply , Eligibility and Benefits: YSR Bheema scheme is nothing but an insurance Scheme that provides security for low-income families and other unorganized workers of Andhra Pradesh. Under this AP insurance scheme, suppose the beneficiary dies due to an accident or suffers a permanent disability, then the insurance amount is given to the beneficiary’s family member. Through this YSR Bheema scheme of around 1.14 crore, the people of Andhra Pradesh state will get benefits. The government has decided on a budget of Rs 510 crore for this AP insurance scheme. Under YSR Bheema Scheme, an insurance cover from1.5 lakh to Rs 5 lakh rupees is deposited into the beneficiary family member bank account within 15 days. In addition to this, Rs 10000 immediate financial relief is also given by the government of Andhra Pradesh state. Under the scheme, the beneficiary needs to pay a premium of Rs 15 per year.

 

YSR Bheema Scheme - How to Apply , Eligibility and Benefits

This article will know about the benefits And features Of the YSR Bheema Scheme, Insurance Coverage Under the YSR Bheema Scheme, and YSR Bheema Scheme Application.

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Benefits And Features Of YSR Bheema Scheme

1. YSR Bima scheme is an Insurance Scheme that provides security for low-income families and unorganized workers
2. If the beneficiary dies, then the insurance coverage amount is given to the nominee
3. Through this AP insurance scheme, around 1.14 crore people of Andhra Pradesh state are benefited
4. For the successful implementation of this YSR Bheema scheme, a budget of Rs 510 crores decided by the state government of Andhra Pradesh
5. Through the AP Insurance scheme, it covers from Rs 1.5 lakh to Rs 5 lakh is deposited into the bank account of the beneficiary’s family member
6. The claim amount is given within 15 days of the filing of the claim amount.
7. Rs 10,000 immediate financial relief is also provided to the beneficiary family member
8. Under this YSR scheme, a premium of Rs 15 per annum need to be deposited by the beneficiary
9. For the beneficiary, an identity card that will contain a unique identification number and policy number is given to them.
10. The claim amount is directly deposited into the bank account by the direct bank transfer method.
11. If the beneficiary is facing any problem, they can contact PD DRDA for complaints or any other issues regarding insurance enrollment or claim payment.

Insurance Coverage Under YSR Bheema Scheme

• For 18 to 50 years- Rs 5 lakh Insurance coverage for both accidental death and total permanent disability
• For 51 to 70 years- Rs 3 lakh Insurance coverage for both accidental death and total permanent disability
• For 18 to 50 years- Rs 2 lakh Insurance coverage in case of natural death
• For 18 to 70 years – f Rs 1.5 lakh Insurance coverage in partial permanent disability due to an accident.

Eligibility Criteria & Required Documents

1. The applicant needed to be a permanent resident of Andhra Pradesh
2. The applicant must contain a white ration card.
3. Ration card
4. Aadhar card
5. Residence certificate
6. Income certificate
7. Passport size photograph
8. Bank account details
9. Mobile number

How to apply for YSR Bheema Scheme?

For applying for the YSR Bheema Scheme, applicants do not require to do registrations. The volunteers conduct surveys through door-to-door campaigns and checks for the white ration cardholders. Then the information collected from the door-to-door survey is verified by the secretary of welfare, and the beneficiary applicant will be selected. The selected beneficiary needs to open a bank account that includes the nominee, and then that beneficiary person needs to pay a premium of Rs 15 per year. To know more information, you can also visit the official website.

YSR Bheema Scheme - How to Apply , Eligibility and Benefits