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Pradhan Mantri Suraksha Bima Yojana (PMSBY, translation: Prime Minister's Safety Insurance Scheme) is a government-backed accident insurance scheme in India. It was originally mentioned in the 2015 budget speech by Finance Minister Arun Jaitley in February 2015. [1] It was formally launched by the Prime Minister Narendra Modi on 8 May in ...
By 2020 Indian Insurance is a US$280 billion industry. However, only 500 million people (36.23% of the total population of 1 billion) are covered under Mediclaim. [6] With more and more private companies in the sector, this situation is expected to grow more. ECGC, ESIC and AIC provide insurance services for niche markets.
Rashtriya Swasthya Bima Yojana (RSBY, literally "National Health Insurance Programme", [1]) is a government-run health insurance programme for the Indian poor. The scheme aims to provide health insurance coverage to the unrecognised sector workers belonging to the BPL category and their family members shall be beneficiaries under this scheme. [2]
India is a country with one of the lowest health insurance penetration, with only 18% of people in urban areas and 14% in rural areas covered under any kind of health insurance scheme. [9] One of the main reasons for the low penetration and coverage of health insurance is the lack of competition in the sector.
This insurance scheme can have one year cover from 1 June to 31 May and would be offered through banks and administered through public sector general insurance companies. [ 23 ] In case of unexpected death or full disability, the payment to the nominee will be ₹ 2 lakh (US$2,300) and in case of partial Permanent disability ₹ 1 lakh (US$1,200).
The first quarter, also known as Q1, is during the months of January, February and March. To be precise, this calendar quarter is from Jan. 1 through March 31. This is when the fiscal year starts ...
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (PM-JAY; lit. ' Prime Minister's People's Health Scheme ', Ayushman Bharat PM-JAY lit. ' Live Long India Prime Minister's People's Health Scheme '), also colloquially known as Modicare, [2] [3] is a national public health insurance scheme of the Government of India that aims to provide free access to health insurance coverage for low income ...
The business of general insurance was nationalised through The General Insurance (Emergency) Provisions Ordinance promulgated on 13 May 1971 and thereby the business being carried on by 107 entities was consolidated and restructured into four companies namely The New India Assurance Company Limited, Bombay, United India Fire & General Insurance Company Limited, Madras, Oriental Fire & General ...