New senior health plan with Rs 1 lakh cover on the cards

Government to subsidise premium for those below poverty line by up to 90% through cash transfers.

Written by Surabhi | Amitabh Sinha & Ravish Tiwari New Delhi | Published:July 22, 2015 1:57 am
Narendra Modi, Pradhan Mantri Jeevan Bima Yojana, PM Modi, Pradhan Mantri Jan-Dhan Yojana, Jan-Dhan Yojana, Pradhan Mantri Jeevan Bima Yojana, Jeevan Bima Yojana, Indian express Modelled on the lines of the Pradhan Mantri Jan-Dhan Yojana and the Pradhan Mantri Jeevan Bima Yojana, the new scheme is likely to be launched by Prime Minister Narendra Modi on August 15.

With senior citizens finding it difficult to get a suitable health insurance cover, the government is finalising a new health insurance scheme for those above 60 years, which would provide a cover of Rs 1 lakh annually for secondary and tertiary treatment.

Modelled on the lines of the Pradhan Mantri Jan-Dhan Yojana and the Pradhan Mantri Jeevan Bima Yojana, the new scheme is likely to be launched by Prime Minister Narendra Modi on August 15.

“The scheme would involve annual cover, renewable from year to year. Treatment would be cashless,” said a note prepared by the department of financial services.

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Senior citizens would be expected to subscribe individually for the scheme but the government would subsidise the premium for those below poverty line by up to 90 per cent through cash transfers to their bank accounts.

Finance minister Arun Jaitley had announced in the Union Budget 2015-16 that the government would set up a Senior Citizen Welfare Fund using unclaimed deposits in provident funds to subsidise the premium paid by “vulnerable groups” such as senior citizens.

“There are unclaimed deposits of about Rs 3,000 crore in the PPF, and approximately Rs 6,000 crore in the EPF corpus,” he had said, adding that there are about 10.5 crore senior citizens in the country.

“It is envisaged that while the scheme would be based on individual subscription, a large pool covering almost all of the estimated 2.7 crore BPL senior citizens aged over 60 years would form, along with additional membership of a very large number of the non-BPL senior citizens who would subscribe,” said the note.

The insurance cover to BPL senior citizens would be above the Rs 30,000 health insurance cover provided through the Rashtriya Swasthya Bima Yojana.

The finance ministry is also considering the option of providing a Rs 1 lakh cover annually on a family floater basis to the entire family that would include senior citizens.

The Prime Minister had last year on August 15 launched the PMJDY for financial inclusion to ensure that each family would have at least two bank accounts. Under the scheme, 16.92 crore accounts have been opened.

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  1. R
    R.C.mishra
    Sep 1, 2015 at 1:49 pm
    i am cancer patient and my treatment is under Apollo hospital delhi. Treatment is very expensive. i want financial help. i have no Bpl card. i am 70 years old.
    Reply