Thursday, 18 January 2018

Will Modi govt announce health insurance of upto Rs 5 lakh for all in Union Budget 2018?-The Total Investment & Insurance Solutions

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18 January  2018

Jaitley Modi (The Total Investment & Insurance Solutions)
Narendra Modi government may offer health insurance coverage of upto Rs 5 lakh to every citizen in the upcoming Budget, as per a hindi daily.

A report in the Prabhat Khabar said that Finance Minister Arun Jaitley, who is set to present the Union Budget 2018 on February 1, may allocate Rs 5,000 crore under Centrally Sponsored Scheme (CSS) for the health insurance sector.
CSS are schemes that are largely funded by the central government with a defined state government share.
 The paper quoting sources said that the central government will bear 60 percent of the expenses while the state government will contribute the remaining 40 percent for the health insurance scheme.
Government may also consider setting up of a trust to roll out the scheme, under which everyone will be provided health insurance benefit between Rs 3 and 5 lakh, it said.
The health insurance scheme will be divided into three types – Kalyan Scheme, under which people living below poverty line will be covered; Saubhagya Scheme, under which people with Rs 2 lakh of annual income will be covered and Sarvodaya scheme under which people above Rs 2 lakh of annual income will be covered.The Total Investment & Insurance Solutions

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