People coming from the marginalised part of society often neglect their health owing to the risks they deal with every single day. However, after the pandemic, individuals have become concerned about their health irrespective of the society to which they belong. That has made them give more importance to medical expenses. On that note, let’s learn the top low-income policies for insurance which low-income families can buy.
The following are the five low cost health insurance for adults and their family members:
The companies that give insurance in the public sector aim to offer financial health benefits to underprivileged individuals. That’s why they have come up with the Universal Health Insurance Scheme. This insurance policy covers the hospitalisation costs of individuals below poverty. The total sum insured is INR 30,000 for each family on a floater basis.
In addition, this policy offers accidental death coverage of INR 25,000, paying INR 50 as daily compensation for 15 days in case of income loss. One can get maternity costs of INR 2500 for normal delivery and INR 5000 for caesarean delivery. Individuals with less than INR 30,000 can apply for this policy. Its premium ranges between INR 300 and 600 based on the people in the family whose names are present in the policy.
It’s a mediclaim insurance plan for underprivileged people, especially those who work in unorganised sectors. The Ministry of Labour and Employment launched it, covering in-patient treatment expenses and up to Rs. 1000 transportation. The insurance policy offers Rs 30,000. One can reap financial benefits for pre-existing diseases. The annual premium is approximately INR 750, which the central government pays, while the state government pays a ratio of 75:25. Individuals eligible for this insurance policy need to register with a fee of INR 30.
The Mahatma Jyotiba Phule Jan Arogya Yojana is a healthcare initiative designed to provide medical coverage to farmers and individuals below the poverty line. This mediclaim policy encompasses hospitalisation expenses for both surgical and medical procedures across 34 specialties. The coverage is extended to families, and the insured sum is set at INR 1,50,000 on a floater basis. Notably, for families undergoing renal transplants, the sum insured can be enhanced to Rs 2,50,000.
This scheme aims to alleviate the financial burden of healthcare for vulnerable populations, ensuring access to essential medical treatments. By offering comprehensive coverage, including surgeries and medical interventions, the initiative strives to promote the well-being of those who may otherwise face challenges in accessing quality healthcare due to economic constraints. The Mahatma Jyotiba Phule Jan Arogya Yojana contributes to advancing healthcare equity and improving health outcomes for marginalised communities.
The Karunya Health Insurance Scheme, a compassionate initiative by the Kerala Government, extends coverage against critical illnesses to lower-income groups. This scheme aims to provide financial relief to underprivileged individuals grappling with conditions such as heart ailments, cancer, haemophilia, and kidney diseases, among others. The comprehensive coverage includes a total sum of INR 3,00,000, ensuring reimbursement for medical expenses that surpass initial estimates.
Designed to address the healthcare needs of vulnerable sections of society, the scheme is particularly beneficial for individuals with an annual income below Rs. 3,00,000. By offering this health insurance, the Kerala Government endeavours to bridge gaps in accessibility to quality medical care, ensuring that financial constraints do not hinder individuals from receiving necessary treatments for critical illnesses. The Karunya Health Insurance Scheme stands as a testament to the state's commitment to promoting health equity and supporting the well-being of its citizens.
This very popular yojana, introduced by the government of Gujarat, stands as a pivotal healthcare initiative targeting Below Poverty Line (BPL) families. This scheme provides comprehensive coverage, encompassing health expenses related to pre-hospitalization, post-hospitalization, and in-patient treatment, including transportation fees. Designed to address the healthcare needs of vulnerable populations, it extends coverage to critical illnesses such as liver or kidney transplants, cancer, and more.
Under this scheme, the total sum insured is set at INR 3,00,000 per family. Notably, in cases where a family member requires an organ transplant, the total sum insured can be increased to INR 5,00,000. By offering this health insurance, the Gujarat government aims to alleviate the financial burden of medical treatments on BPL families, ensuring they have access to quality healthcare without compromising their financial well-being. The Mukhyamantri Amrutum Yojana stands as a significant step towards promoting health equity and inclusivity in the state.
So, these are the five insurance plans for low income families in India.
