Unveiling Budget 2013-14, the Haryana government recently announced it will build 3.5 lakh houses in two years and offer insurance cover for the poor under ‘Aam Aadmi Bima Yojana’. Read more
Buying insurance policies could become more attractive from next fiscal, with the government poring over various options to boost the sector, which has been trailing other financial services like banking. Read more
The government is planning to merge two centrally-sponsored life insurance schemes â€” Janashree Bima Yojana (JBY) and Aam Aadmi Bima Yojana (AABY) â€” in a bid to streamline expenditure and effectively allocate resources to ensure better delivery of the schemes.
A Cabinet note on the merged scheme, to be called Aam Aadmi Janashree Bima Yojana, has already been circulated among the concerned departments last month, official sources said. Read more