Aam Aadmi Bima Yojana (AABY)
Aam Aadmi Bima Yojana (AABY), launched in 2007 for rural landless households and unorganised-sector workers (₹30,000 natural death / ₹75,000 accidental death cover at a ₹200/year subsidised premium via LIC), was merged into PMJJBY and PMSBY with effect from 1st June 2017 and is no longer open for new enrolments — this note covers that history briefly before focusing on its two successors. PMJJBY provides ₹2 lakh any-cause life cover for ages 18–50 (renewable to 55), while PMSBY provides ₹2 lakh accidental death/total disability cover (₹1 lakh for partial disability) for ages 18–70 — both operate via annual bank-account auto-debit at minimal premiums, with a common pitfall being redundant enrolment (and premium deduction) across multiple bank accounts for the same person. We note the September 2025 GST exemption on health/term insurance as relevant context, and frame PMJJBY/PMSBY as a low-cost baseline of protection that most individuals with meaningful dependents or liabilities should supplement with adequately-sized private term insurance, covered elsewhere in tackl.finance’s insurance notes.