Get complete information on Social Security Coverage in India

Most Social security system in developed countries are linked to wage employment. In India, situation is entirely different. The key differences are:

1. We do not have existing universal social security system.

2. We do not face the problem of exit rate from the workplace. Rather on the contrary, lack of employment opportunities is the key concern.

3. 92 % of the workforce is in the informal sector which is largely unrecorded and the system of pay roll deduction is difficult to apply.

New Initiatives in Social Security:

Janashree Bima Yojana:

The objective of this scheme is to provide life insurance protection to the rural and urban persons living below poverty line and marginally above poverty line. The main features are:

Eligibility: Person between 18 years and 59 years is benefited under the scheme. The member should normally be the head of the family.

Benefits:

Natural Death Rs. 30,000/- Accident Death/ Permanent total Disability Rs. 75,000/- Partial disability due to accident Rs. 37500/-

Aam Admi Bima Yojana:

This scheme provides coverage to Rural Landless Households.

Eligibility:

Person between 18 years and 59 years. The member should normally be the head of the family.