Which of the following a government initiated insurance scheme, administered by LIC, for rural landless households?

Correct option is A

​The correct answer is (a) Aam Aadmi Bima Yojana.

• Aam Aadmi Bima Yojana (AABY) is a government-initiated insurance scheme aimed at providing social security to rural landless households.
• It is administered by the Life Insurance Corporation of India (LIC).

Information about other options:

• Rashtriya Swasthya Bima Yojana (RSBY): It is a health insurance scheme introduced by the Ministry of Labour and Employment. It provides health coverage for unorganized sector workers and their families.
• Jeevan Umang Bima Yojana: This is a regular premium-paying life insurance plan offered by LIC. It provides both protection and savings with annual survival benefits after the premium-paying term.
• Janashree Bima Yojana (JBY): A group insurance scheme launched by LIC to cover people below and marginally above the poverty line.

Information Booster:

• LIC is fully owned by the government. It was set up in 1956.
• It has the biggest share in India’s insurance business.
• Headquarter: Mumbai