Aasara Pension

Aasara Pension is a social welfare scheme by the Government of Telangana, India aimed at providing financial assistance to vulnerable groups like elderly, widows, disabled individuals, and those below the poverty line. It offers monthly pensions to support their basic needs and improve their quality of life. The scheme helps in ensuring social security and inclusivity for disadvantaged populations.

Read more
  • Peaceful Post-Retirement Life

  • Tax Free Regular Income

  • Wealth Generation to beat Inflation

We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold

Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000

Get the best returns & make the most of your golden years

+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: ##Rs 60,000 are the monthly pension amounts at the assumed rate of return of 8% p.a. and 4% p.a. for unit linked insurance plans. This is an illustrative example and the returns are not guaranteed & dependent on the policy term and premium term availed along with the other variable factors. The market linked return of 60K per month is for an 18 year old investing 6k per month for 20 years in a whole life policy having policy term 82 years in which Systematic partial withdrawals start at the age of 65 years at 5% rate of withdrawal per year. The investment risk in the policy is borne by the policyholder. All Plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All Plans listed here are of insurance companies’ funds. Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

What is Aasara Pension?

The Aasara pension scheme is a welfare initiative launched by the Government of Telangana. Designed to provide financial support to vulnerable groups, the scheme extends benefits to elderly individuals, widows, members of the Goud community, patients with elephantiasis, people afflicted with AIDS, the physically disabled, and beedi workers. The scheme has grown significantly since its inception on November 8, 2014, by Chief Minister Kalvakuntla Chandrashekhar Rao in Kothur, Mahboobnagar district. By March 2018, the number of beneficiaries had reached 42 lakhs. The government allocates â‚ą5,500 crore annually to sustain the Aasara pension scheme, reflecting its commitment to improving the quality of life for these marginalized communities. It offers a monthly pension to various categories, including:

  • Senior Citizens: Individuals above a specific age (which can vary depending on amendments) receive financial aid to meet their basic needs.

  • Widows: The scheme recognizes the economic hardship faced by widows and offers them a pension to ensure some financial independence.

  • Persons with Disabilities: Aasara acknowledges the challenges faced by people with disabilities and provides them with financial support to enhance their quality of life.

  • Goud Community: Traditionally considered a backward community, Aasara extends a helping hand to uplift their economic standing.

  • Marginalized Groups: The scheme also includes people affected by chronic illnesses like elephantiasis and HIV/AIDS, offering them financial security during their struggles.

  • Beedi Workers: Beedi rolling, a source of income for many, can harm health. Aasara recognizes this and provides beedi workers with a pension.

Benefits of Aasara Pension

The benefits of Aasara on Telangana's social landscape are;

  • Financial Security: The scheme provides a much-needed source of regular income for those who may not have any other means of financial support. This helps them meet their basic necessities like food, clothing, and healthcare.

  • Improved Living Standards: With some financial security, beneficiaries can afford better living conditions and access essential services. This can contribute to improved overall well-being.

  • Empowerment: Aasara empowers beneficiaries, particularly women, by providing them with some financial independence.

  • Reduced Vulnerability: The pension scheme acts as a buffer against economic shocks, protecting vulnerable populations from falling deeper into poverty.

Invest More Get More
Invest â‚ą10K/Month YOU GET â‚ą1.5 LAKHS* MONTHLY PENSION View Plans
Invest â‚ą7K/Month YOU GET â‚ą1 LAKHS* MONTHLY PENSION View Plans
Invest â‚ą5K/Month YOU GET â‚ą75 THOUSAND* MONTHLY PENSION View Plans
standard T&C Apply *

Eligibility Criteria of the Aasara Pension Scheme

  • Vulnerable and primitive tribal groups.

  • Households led by women without any physically capable earning members.

  • Only one family member per household can receive a disability or widow pension for all types of pensions.

  • Homeless households.

  • Households residing in makeshift huts or other informal structures, especially in urban areas.

  • Households headed by widows, terminally ill individuals, people with disabilities, or those aged 65 or older with no income source.

  • Landless agricultural laborers, rural craftspeople, artisans, and slum dwellers.

  • Individuals earning daily wages in the unorganized sector.

How to Check Telangana Aasara Pension Status by Pension ID/UID/SADAREM ID

To check the Aasara Pension Status, follow these steps:

  • Visit the official Telangana Aasara Pension website at www.aasara.telangana.gov.in.

  • On the homepage, click the “Quick Search” button to search for pensioner details.

  • Enter your Pension ID, User ID, or SADAREM ID and click the search button to obtain your Aasara Pension Status information.

  • You can also locate the list of Aasara Pension beneficiaries by selecting the District, Mandal, Panchayat, Pensioner Name, and Head of Family name.

  • The beneficiary list can also be accessed using the Aadhar Card information.

How Has the Aasara Pension Scheme Improved Over the Year?

The Telangana government has continuously strived to improve its reach and effectiveness:

  • Increased Pension Amounts: Over the years, the government has revised the pension amounts offered under Aasara to keep pace with rising living costs.

  • Inclusion of New Categories: The scheme has been expanded to include new categories like single women and families of beedi workers, ensuring wider coverage.

  • Transparency and Efficiency: The government has implemented online portals and grievance redressal mechanisms to streamline application processes and address beneficiary concerns.

Secure Your Retirement Today
Start Investing â‚ą6,000/month
Get Pension â‚ą60,000/month+
Including Life Cover
View Plan
Pension Plans
+Standard T&A Applied

Conclusion

The Aasara pension scheme is a great initiative by the Telangana government. It provides a safety net for some of the state's most vulnerable populations, promoting financial security and improved living standards. By addressing existing challenges and ensuring its long-term viability, The Aasara Pension Scheme can continue to be a light of hope, empowering Telangana's most marginalized communities.

FAQs

  • What is the amount of Aasara pension in Telangana?

    Eligible applicants for the New Aasara Scheme, as determined by the government through the Praja Palana application, receive Rs 4000 for elderly individuals and Rs 6000 for disabled persons.
  • How to check Asara payment status?

    The Telangana government has recently introduced the Aasara Pension status check. Beneficiaries can use their Pension ID, UID, or SADAREM ID to verify their payment status.
  • What are the documents required to open Aasara Pension Scheme account?

    • Address Proof

    • Photograph

    • Death Certificate in case of a widow

    • Aadhaar Card

    • SADAREM Certificate in the case of persons with disabilities 40% or above and 51% in respect to the hearing impaired

    • Income Certificate

    • Proof of age

    • Bank Account Passbook

    • Mobile Number

    • IFSC Code

    • Post Office Saving Account

    • Xerox copy of registration in the Cooperative society of Toddy Tappers

    • Weavers should submit a Xerox copy of registration in the Cooperative society of weavers

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

Secure Your Retirement Today
Start Investing ₹6,000/month
Get Pension ₹60,000/month+
Including Life Cover
View Plan
Pension Plans
+Standard T&C Applied
Insurers Offering Pension Plans

Tata AIA

Max Life

Bajaj Allianz

SBI Life

HDFC Life

ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

Aditya Birla Sun Life

Aviva

Ageas Federal

Bandhan Life

Canara HSBC

IndiaFirst

Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Secure your Retirement today!
START INVESTING
₹6,000/month
GET PENSION
₹60,000/month+
Heart
INCLUDING LIFE COVER
+ Standard T & C Apply*
Pension Calculator
Pension Calculator
How much do you need to save for retirement?
₹ 20,000
₹ 25,000
₹ 30,000
Monthly Expenses in 2024
Edit Done
Your expense go up every year by
Today 2024 Your expenses today in 2023, at the age of 34 Yrs
Your expenses in 2043, at the age of 55 Yrs
For a monthly pension of ₹77,300
you need to invest
₹14,300/month
Calculated as per past performance of 15%
View Plan Recalculate?

Pension plans articles

Recent Articles
Popular Articles
60 Years Pension in India

04 Nov 2024

Planning for a secure retirement is crucial, especially for
Read more
Joint Life Annuity

23 Oct 2024

A Joint Life Annuity in India is an investment option that
Read more
Single vs Joint Life Annuity

23 Oct 2024

A Single Life Annuity provides regular payments for the lifetime
Read more
Single Life Annuity

23 Oct 2024

A Single Life Annuity is a type of retirement plan that pays you
Read more
Which is Better: UPS vs NPS vs OPS

19 Sep 2024

In India, the government provides several retirement plans
Read more
Sevarth Mahakosh
  • 24 May 2023
  • 38536
Sevarth Mahakosh Portal is a one-stop solution for all state government employees' financial transactions and
Read more
SBI Annuity Calculator
  • 08 Jun 2021
  • 42115
What is an Annuity Deposit Scheme? Types of Annuity Deposit Schemes Eligibility Conditions for SBI Annuity
Read more
50K Pension Per Month
  • 15 Jun 2022
  • 21944
How to Get 50k Pension Investment Options Get 50k Pension Through NPS Benefits of Choosing a Pension Plan
Read more
Buy the Annuity Plans of 2024
  • 10 Dec 2015
  • 143206
10 mins read Annuity plans in India are the financial products that provide you with a guaranteed, regular
Read more
Top 15 Pension Plans in India
  • 14 Feb 2023
  • 23544
List of Top 15 Pension Plans Overview Basis of Selection Wrapping Up View all content List of Top 15
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL