Health Insurance is of great use when you have to deal with high medical expenses. There are many medical expenses like hospital bills, appointment fees, test reports, ambulance charges, bed charges, etc.
But health insurance needs a certain amount of money in the form of periodic premiums. What if we share some very lightweight and pocket-friendly health insurance schemes. They are run by the Indian Government.
What is a Government Health Insurance Scheme?
A government health insurance scheme is a government-sponsored insurance scheme run for public welfare. Their price is less and is designed keeping in mind the middle class and less earning masses of the country. Their main aim is to cover maximum persons under an insurance scheme to supply them a social security amount in case of a health-related emergency.
Two major health insurance scheme (Upto ₹ 2 Lac Cover)
1. Pradhan Mantri Jeevan Jyoti Bima Yojana(PMJJBY)
Pradhan Mantri Jeevan Jyoti Bima Yojana is an insurance scheme that provides life cover to the age group of 18 to 50 years. They just need an Aadhar card KYC verified bank account to avail of the scheme benefits.
The scheme serves a risk coverage of Rs. 2 lakhs in case of death of the insured, due to any reason. The premium costs ₹ 330 per annum with an auto-debit facility in one installment from the subscriber’s bank account.
2. Pradhan Mantri Suraksha Bima Yojana(PMSBY)
A person that comes under the age group 18 to 70 years and has a bank account, can avail all the benefits of Pradhan Mantri Suraksha Bima Yojana. This scheme facilitates insurance cover of ₹ 2 lakh for accidental death and full disability and ₹ 1 lakh for partial disability.
The premium costs ₹ 12 per annum from the holder’s account through an auto-debit facility in one installment.
We will update this document with more useful government schemes.
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