YSR Bheema Scheme 2023: Online Apply | Benefits & Eligibility

Today here in this blog we will discuss about the latest scheme which is launched by the Government of Andhra Pradesh, and the scheme is known as YSR Bheema Yojana. With the implementation of this scheme, in cars if the individuals dies in accidental death or suffer permanent disability the government will provide them insurance. Below down we have provided you all the details like eligibility criteria, benefits, features, required documents list, procedure to apply, and various other details of this YSR Bheema Scheme. Interested applicants are advised to read this article till the end.

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YSR Bheema Yojana 2023

This bima yojana is initiated by the government of Andhra Pradesh, which is insurance based yojana. In this scheme, individuals will get insurance policies such as, if the beneficiaries suffer form any accidental disability and accidental death the government will provide them insurance which will be given to the family members of the beneficiaries. Under this scheme over 1.14 lakh beneficiaries will get benefits form this scheme, and insurance cover up to 1.5 to 5 lakh, which will be directly transferred to the bank account of the beneficiaries. And the government of Andhra Pradesh has also declared that over 10,000 financial aid also given to the beneficiaries.

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Overview Details of YSR Bhima Scheme

Name of the Initiative	YSR Bheema scheme
Launched by	Government of Andhra Pradesh
Beneficiary	Citizens of Andhra Pradesh
Objective/Aim	To provide insurance cover
Premium amount	Rs 15 per annum
Launched Year	2022

Aim of YSR Bheema Scheme

The main objective of this scheme is that to provide benefits to all the beneficiaries of the state. There are various insurance policies but non of them is effective, but this YSR Bima Yojana is next level insurance scheme, where individuals get insurance and financial aid also by the government.

Nominee List of YSR Bhima Scheme

Beneficiary Wife
21-year-old son
Unmarried daughter
Widowed daughter
Dependent parents
Widowed daughter-in-law or her children

Available Services Under YSR Bheema Scheme 2023

Accidental Death Benefit
Natural Death Benefit
Disability Benefit
Funeral Expenses
Premium Payment

Benefits and Features of YSR Bheema Yojana

Approximately 1.14 million residents of Andhra Pradesh will benefit from this program. Andhra Pradesh Government has set Rs 510 crore to ensure proper implementation of the plan. The bank account of the beneficiary’s family member will be credited Rs.5 lakh at Rs.5 lakh coverage under the plan.
The compensation amount will be paid out within 15 days of the application being submitted. Beneficiary family members will receive an additional Rs 10,000 in short-term financial assistance.
YSR Bheema is a type of insurance plan that provides financial protection for low-income families and unorganized individuals in the event of an accident.
In the event of the death of the beneficiary, the benefit will be paid to the estate of the named beneficiary.
The beneficiary is required to make an annual payment of Rs 15 to participate in this scheme. The beneficiary will be issued identity cards with a unique identification number and insurance number.
The claim money is transferred directly to the bank account in direct bank transfer mode. The beneficiary may contact the PDDRDA with concerns about enrolment or claims settlement.

Eligibility and Required Documents List

Ration card
Aadhar card
Residence certificate
Income certificate
Passport size photograph
Bank account details
Mobile number
And eligible applicants should be a residence of Andhra Pradesh and also a Ration card holder.

Application Registration Procedure of YSR Bheema Scheme

In order to make a registration procedure beneficiaries should not have to visit any offices. The government has organized a volunteers for this procedure, registration will be done as door-to-door survey, and all the beneficiaries are required to hold Ration Card. If you want to get more updates about this YSR Bima Scheme, visit the Official Website.