Ronit is a 28-year-old man who lives with his parents and spouse in Rohtak and works in a private company. All these members of his family are financially dependent on him. Lately, he started feeling pain in his lower back and after diagnosis, it was found that he had kidney stones. The stones were big in size; therefore, had to be removed immediately through surgery. For this, Ronit needed money. All his savings went into the surgery but the operation was successful. Ronit is now recovering well but he almost has to start from scratch again. What could Ronit do that he could have saved some money in his account? Well, the answer is buying a health insurance policy at the right time.
Well, if you do not want to opt for a health insurance policy from a privately-owned insurance company, you can choose from the government health insurance schemes. Let us discuss them in detail:
Ayushman Bharat Yojana
It is a universal health insurance scheme offered by the Ministry of Health and Family Welfare under the Government of India. Upon buying this health insurance policy, you will get coverage of INR 5 lakh. The scheme covers diagnostic expenses, the cost of medicines, expenses of medical treatment, and pre-hospitalization expenses. This is a perfect health insurance scheme for people who cannot afford high premiums.
Pradhan Mantri Suraksha Bima Yojana
Under this scheme, people can get accident insurance coverage. To avail of benefits from this scheme, you need to be between 18 and 70 years of age and have an account in any Indian bank.For total disability and death cover, the health insurance scheme offers annual coverage of INR 2 lakh; and for partial disability, INR 1 lakh. You do not have to remind yourself for paying the premiums for the policy since they will be automatically deducted from the account.
Aam Aadmi Bima Yojana (AABY)
This government health insurance scheme was established in 2007. Individuals between the age of 18 years and 59 years are covered under this scheme. This scheme can be customized by people who live in rural areas of the country. Individuals who do not own a house and are living as tenants in both rural and urban areas can also avail of the benefits of the coverage under this scheme. Under this scheme, underprivileged children can get a scholarship. This scheme protects the earning member of the family or the head of the family. The state and central government both pay an annual premium of INR 200. If the policyholder dies in natural death, the family gets compensation of INR 30,000. If the policyholder has a permanent disability, the family gets a compensation of INR 75,000.
Universal Health Insurance Scheme
This scheme is for the family below the poverty line. Under this scheme, the medical expenses of all the members of a family are covered. In case of the death of any member of the familyby accident, the cover is provided. If a member of the family is hospitalized, the scheme provides coverage of INR 30,000. And when the head of the family who is also the head earning member is hospitalized, the scheme provides INR 50 on a daily basis for a maximum period of 15 days.
This scheme is for people between the age group of 18 years and 59 years and who belong to the poor category. The features of this scheme are Shiksha Sahyog Yojana and SHG Groups.
There are several health insurance schemes offered by the Government of India. If you want to know more about them, you can visit the website of IIFL. And if you are interested in the health insurance policies offered by privately-owned companies, you can find those too on this website.