YSR Bima - Objective of the Scheme
The main Objective of the scheme is to provide relief to the
bereaved families of BPL in case of death or disability of their Primary
Bread Earners to mitigate the financial impact due to the sudden loss of
the Primary source of income.
The death or disability due to accident of a Primary Bread Earner
results in misery to his/her family with hardship and reduced earnings
and excessive medical expenditure relating to the accident. Hence, there
is every need to provide accidental death and disability insurance to the
Primary Bread Earner of BPL families towards social security. Further,
even natural death of a Primary Bread Earner of the BPL family results
in undue hardship to the surviving family members who are to be
provided with some relief. Thus, the State Government has introduced
the YSR- Bima scheme.