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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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