Ayushman Bharat cover for all above 70
With the elderly population, which also forms an important voting bloc, on the rise, BJP announced a slew of measures to meet their healthcare and social needs.
The party promised to expand the Ayushman Bharat Yojana to cover senior citizens (above 70 years of age) regardless of their economic background. Currently, the scheme is available only to poor and vulnerable families.
Under the Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY), the largest health insurance scheme in the world of its kind, beneficiaries get health cover of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation.
The BJP manifesto has also promised to ensure seamless access to social security benefits and other essential govt services to senior citizens by leveraging the extensive reach and reliability of the postal and digital network. It has promised to provide comprehensive training in using UPI and other online payment methods, while also educating them on how to recognise and avoid digital scams.
According to a UN report released last year, there were 14.9 crore people aged 60 years and above in the country in 2022 (as on July 1), comprising around 10.5% of the population. This is estimated to increase to 15% (around 22.7 crore) by 2036.
Health insurance assistance platform ClaimBuddy raises $5 m, closes Series A
The funding round was led by Bharat Innovation Fund (BIF), and saw participation from Japanese fund CAC Capital, along with existing investors Chiratae Ventures and Rebright Partners.
The fund will help Claim Buddy advance its technology, expand its team and sales network, and add new product lines for its growing network of Hospitals.
هذه القصة مأخوذة من طبعة May 2024 من THE INSURANCE TIMES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 2024 من THE INSURANCE TIMES.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"We concentrate on climate risk and adaptation, climate change mitigation and inclusive insurance which complements Munich Re's sustainability agenda. This has been the case from the beginning and has not changed."
Q1: The Munich Re Foundation was established in 2005 to mark the 125th anniversary of Munich Re. Could you elaborate on the mission of the Foundation and how it has evolved over the years?
IRDAI Corner
The Insurance Regulatory and Development Authority of India (IRDAI) as part of steps towards reinforcing empowerment of policyholders has issued Master Circular on Protection of Policyholdersi¦ Interests under the IRDAI (Protection of Policyholdersi¦ Interests, Operations, and Allied Matters of Insurers) Regulations, 2024 replacing 30 circulars.
Insurance Caselaws
The Supreme Court disagreed with the National Consumer Disputes Redressal Commission's (NCDRC) ruling in an appeal contesting an NCDRC ruling.
Legal Update
J&J told to pay Rs. 35L each as compensation to hip implant victims
New Product Launches
Star Health and Policybazaar Launch 'SUPER STAR': A Modular Long-term Health Insurance Plan
Pension to Elderly Women- A step towards dignified grey years
The problem of old age is more severely felt by the women because of their being financially dependent either on the spouse or on children. Ignoring the issues concerning elderly women poses a major social development challenge for the country.
The Why and How of Hyperpersonalization in Insurance
A case study by McKinsey predicted 5-15% increase in revenue and 10-30% increase in marketingspend efficiency through personalized product recommendations. Another study reported that 78% of insurance executives believe personalized service based on real-time data analytics will be a crucial differentiator in the industry.
Oxygen Mask for Suffocating Patients
The clouds of COVID menace have not yet vanished, Yet there is emergence of several associated diseases. The major loss was due to insufficiency of oxygen to the dying patients despite WHO giving several instructions for prevention of COVID like maintaining social distance and usage of mask.....
Inclusive Insurance Global Landscape: Summary of recent studies -
A report from the Microinsurance Network reveals that inclusive insurance is making strides, but challenges remain in terms of scale and reach. The report finds that 330 million individuals are covered globally by inclusive insurance products, including health, agriculture, and property insurance. However, despite these advancements, there is still an 88.5% protection gap-only 11.5% of the potential market is currently insured.
Inclusive Health Insurance: Ensuring Access to Affordable Healthcare for Low-Income Populations
Access to affordable healthcare remains a critical challenge for low-income and informal sector workers worldwide. With rising healthcare costs and the lack of financial safety nets, millions of people are forced into poverty each year due to medical expenses.
