One of the main factors contributing to poverty in India is health expenses. Families pay over 70% of their health costs from their pockets, which places a significant financial strain on low-income households and frequently causes them to fall further into poverty.
The Government of India thus offers its citizens a range of best health insurance plans schemes to help them cover medical treatment costs. With rising healthcare costs, it is essential to have medical plans to protect oneself from unexpected medical expenses.
Different Government-Sponsored Medical Plans
These are some of the most effective programmes to take into account, which have made it possible for millions of Indians to pay for high-quality medical operations and treatments when they are required.
Pradhan Mantri Jan Arogya Yojana (PM-JAY)
PM-JAY, also known as Ayushman Bharat, is a plan launched by the Government of India in 2018. It is the world’s largest government-funded healthcare scheme, covering over 50 crore people (approximately 40% of India’s population). The scheme offers a health cover of up to ₹5 lakhs per family every year for secondary and tertiary care hospitalisation. The plan covers pre-existing illnesses and offers cashless treatment at empanelled hospitals.
Rashtriya Swasthya Bima Yojana (RSBY)
RSBY is a health scheme launched by the Government of India in 2008. It covers below-poverty-line families and unorganised sector workers not covered under any other health care scheme. The project offers health coverage of up to ₹30,000 per annum per family, including five members. The scheme covers hospitalisation expenses, including pre-existing illnesses and maternity expenses.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
PMSBY is a personal accident insurance scheme launched by the Government of India in 2015. It offers a cover of ₹2 lakhs for accidental death or permanent disability and ₹1 lakh for partial disability. The scheme is available to individuals between 18 and 70; the premium is only ₹12 per annum.
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
PMJJBY is a life insurance plan launched by the Government of India in 2015. It offers a cover of ₹2 lakhs in case of the policyholder’s death due to any reason. The scheme is available to individuals between 18 and 50; the premium is only ₹330 per annum.
National Health Insurance Scheme
The National Health Insurance Scheme is a health policy launched by the Government of India in 2003. It covers families living below the poverty line and unorganised sector workers not covered under any other health plan. The scheme offers a health cover of up to ₹30,000 per annum per family, including five members. The scheme covers hospitalisation expenses, including pre-existing illnesses and maternity expenses.
Employees’ State Insurance Scheme (ESIS)
ESIS is a life insurance scheme launched by the Indian Government in 1948. It covers employees in factories and establishments with more than 10 employees. The scheme offers medical benefits, including hospitalisation expenses, maternity benefits, and sick pay. The plan also covers disability and death benefits.
Central Government Health Scheme (CGHS)
CGHS is an insurance scheme launched by the Government in 1954. It covers central government employees and their dependents, including retired employees. The scheme offers medical benefits, including hospitalisation expenses, outpatient treatment, and diagnostic tests. The plan also covers dental treatment, eye care, and other specialised treatments.
The low cost of government-sponsored health plans makes them more enticing than conventional ones. One can even leverage medical insurance online and get some financial assistance. Moreover, one can calculate the premium with the help of a medical insurance premium calculator. The options mentioned above are some of the most popular government-sponsored healthcare choices available to people who would not otherwise be able to pay for regular medical plans.
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