Antyodaya Shramik Suraksha Yojana 2023

Antyodaya Shramik Suraksha Yojana 2023 

The Antyodaya Shramik Suraksha Yojana is a visionary affordable insurance scheme aimed at providing comprehensive coverage and protection to the unorganized sector workers across the nation. Recognizing the immense contributions of shramiks towards the growth and development of our country, this offering is designed to ensure their financial stability and well-being.

• Comprehensive Coverage: It encompasses a wide range of benefits, including accidental insurance of Rs. 10 Lakhs and Rs. 5 Lakhs, Disability benefits, Hospitalisation benefit etc. all tailored to cater to the unique needs of the shramiks.
• Affordable Premiums: Being offered at very affordable annual premium rate of Rs. 499/- for Rs. 10 Lakhs cover and Rs. 289/- for Rs. 5 Lakhs cover, making it accessible to shramiks from all walks of life.
• Easy Enrollment Process: Shramiks can conveniently enroll through nearest post office/Post man/Grameen Dak Sewak.
• Pan India Coverage: Post the successful pilot launch, the scheme will be rolled out pan India to cover over 28 Crore+ shramiks. This nationwide coverage will ensure that every shramik, regardless of their geographical location can avail the benefits.

By ensuring financial security, accidental cover and hospitalisation benefits, this scheme will empower shramiks to contribute more effectively to the nation's progress.

The insurance plan recommended below has capital benefits and allied/ additional value-added benefits meeting the needs of the labour workforce of our nation. Capital benefits are linked to death and disability on account of accidents. Allied benefits would help the Insured member or their family take care of the incidental expenses that could get impacted in case of an accident.

Plan Options:

Benefit Type	Benefits	Plan A - 10 Lakh Sum Insured (INR 499)	Plan B - 5 Lakh Sum Insured (INR 289)
Capital Benefits	Accidental Death	100% of Sum Insured	100% of Sum Insured
	Permanent Total Disability	100% of Sum Insured	100% of Sum Insured
	Permanent Partial Disability	100% of Sum Insured	100% of Sum Insured
	Accidental Dismemberment	100% of Sum Insured	100% of Sum Insured
Add-on Benefits	Accidental Medical Expenses - Inpatient Hospitalisation Cover	INR 1 Lakh or actual claim amount (whichever is lower) - requires 24 hrs of hospitalisation	INR 50,000 or actual claim amount (whichever is lower) - requires 24 hrs of hospitalisation
	Prolonged Hospitalisation Benefit - in case of Accidents	INR 10,000 will be paid if hospitalised for a continuous period exceeding 7 days during the policy period in case of accident - available as a one-time benefit	Not Available
	Funeral Expenses	INR 5,000 or actuals whichever is lower	INR 5,000 or actuals whichever is lower
	Repatriation of Mortal remains	INR 5,000 or actuals whichever is lower	INR 5,000 or actuals whichever is lower
	Coma Benefit in case of Accidents	INR 1 Lakh as a one-time benefit during the policy period	INR 50,000 as a one-time benefit during the policy period
	Education Benefit	INR 1 Lakh for maximum 2 eligible children in case of accidental death of the insured member	Not Available
Premium excluding GST		INR 423	INR 245
Premium including GST		INR 499	INR 289

Note: The risk commencement date under this policy to start 15 days post the receipt of premium to eliminate the possible incidences of fraud. However, the Insured member will be eligible for the coverage for 365 days from thereon.

IPPB Group Accident Gaurd Policy (GAG)I IPPB Tata AIG Group Accident Gaurd Policy

• Key Features of IPPB TATA AIG Group Accident Gaurd Policy:
• Accidental Death Coverage of Rs.10,00,000
• Permanent Total Disability Coverage of Rs.10,00,000
• Permanent Partial Disability Coverage of Rs.10,00,000
• Accidental Dismembernment and ParalysiS Coverage of Rs.10,00,000
• Accidental Medical Expenses IPD Fixed upto Rs.60,000 or actual claims, whichever is lower
• Post Tax Premium Rs.399
• Accidental Death Coverage of Rs.10,00,000/-
• Permanent Total Disability Coverage of Rs.10,00,000/-
• Permanent Partial Disability Coverage of Rs.10,00,000/-
• Post Tax Premium Rs.399
• Accidental Medical Expenses OPD
• Fixed up to Rs.30,000/- or actual claims, whichever is lower
• Education Benefit
• 10% of SI or Rs.1,00,000/- or actual, whichever is lower for maximum 2 eligible Children
• In-Hospital Daily Cash
• Rs.1,000 per day up to 10 days (1 day deductible)
• Family Transportation
• Benefits 25,000/- or actual, whichever is lower
• Last Rites Benefit 5,000/- or actual, whichever is lower
• Accidental Dismemberment and Paralysis Coverage of Rs.10,00,000/-
• Accidental Medical Expenses IPD Fixed upto Rs.60,000/- or actual claims, whichever is lower
• Accidental Medical Expenses OPD Fixed up to Rs.30,000/- or actual claims, whichever is lower