On February 18, 2016, India’s Prime Minister Shri Narendra Modi launched the Pradhan Mantri Fasal Bima Yojana. After its launch, the PMFBY was implemented by 21 states during kharif 2016, whereas in rabi 2016-17, 23 states and 2 UTs implemented the same. The Central Government launched the PMFBY in the kharif season of 2016 with the intention to help farmers cope with crop losses because of unseasonal and extreme weather....
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‘Withdraw order on mandatory use of health card in govt. hospitals’ -Bishwanath Ghosh
-The Hindu Bengal doctor’s association writes to Mamata saying the order will only fatten wallets of insurance firms A prominent association of doctors in West Bengal has written to Chief Minister Mamata Banerjee, asking her to revoke a recent order that makes it mandatory for patients to use the Swasthya Sathi card while seeking treatment in government-run hospitals. Swasthya Sathi is the Trinamool Congress Government’s insurance scheme providing a cover of ₹5 lakh...
More »Health account numbers that require closer scrutiny -Indranil
-The Hindu The reduction of out-of-pocket expenditure that the NHA highlights is essentially due to a decline in utilisation of care Low public spending on health in India has meant that people depend heavily on their own means to access health care. It causes rich-poor, rural-urban, gender and caste-based divides in access to health care, pushes people to poverty, and forces them to incur debt or sell assets. As a result, our...
More »Private insurance companies benefitted the most from PM Fasal Bima Yojana: Report -Raju Sajwan
-Down to Earth Farmers yet to be paid Rs 5,724 crore for claims made in 5 years since scheme launch The Pradhan Mantri Fasal Bima Yojana (crop insurance scheme) may have benefitted some farmers but insurance companies surely made the most of it. In the five years since the scheme was launched, these companies received Rs 1,26,521 crore in premium payments and paid Rs 87,320 crore to farmers in loss claims — a...
More »The covid-19 boost to health insurance, in four charts -Arjun Srinivas and howindialives.com
-Livemint.com In the Apr-Sep period, health insurance leaped ahead of motor insurance to lead the non-life insurance segment in India for the first time. For a business that thrives on medical uncertainty, the covid-19 pandemic has provided a shot in the arm for the health insurance industry in India. The prospect of hospitalisation due to covid-19, and high medical costs in private hospitals have driven more Indians to sign up for private...
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