• The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy launched ‘YSR Bima’, a scheme to provide financial assistance through insurance cover to beneficiary in case of death or accident of their families members.
• All families with white ration cards are eligible for YSR Bima scheme. Village/ward volunteers will visit the families and enrol the names of the primary householders.
• The scheme will benefit 1.41 crore BPL families of the state.

Category wise insurance amount coverage under the scheme:

• Accidental death and total permanent disability for people aged between 18-50 years – Rs 5 lakh
• Accidental death and total permanent disability for people aged between 51-70 years – Rs 3 lakh
• Natural death cases (18-50 years) – Rs 2 lakh
• Partial permanent disability in an accident case (18-70 years) – Rs 1.5 lakh 
• The claim amount will be directly credited into the beneficiary bank account within 15 days of making the claim. 
• Apart from this, immediate assistance of Rs 10,000 will be provided to the families through village and ward secretariats.
• An amount of Rs 510 crore would be paid by the state government annually as insurance premium for this scheme.
• This will also make Andhra Pradesh as the first state in the country to single-handedly fund the insurance scheme.