Ayushman Bharat (PM-JAY)Pradhan Mantri Jan Arogya Yojana
Ayushman Bharat (PM-JAY) is a government health insurance scheme providing coverage of up to ₹5 lakh per family per year for secondary and tertiary care hospitalization.
Understanding Ayushman Bharat (PM-JAY)
<p>The Pradhan Mantri Jan Arogya Yojana (PM-JAY) is a flagship health insurance initiative launched by the Government of India in 2018. It aims to provide financial protection to economically vulnerable families by covering their healthcare expenses.</p><p>Under PM-JAY, eligible beneficiaries can avail of cashless treatment for over 1,500 medical packages across various public and private hospitals. The coverage amount is ₹5 lakh per family per year, making it one of the world's largest government-funded health insurance schemes.</p><p>The scheme is implemented by the National Health Authority (NHA) and is part of the Ayushman Bharat initiative, which also includes the establishment of Health and Wellness Centres. The eligibility criteria are based on the Socio-Economic Caste Census (SECC) 2011 data.</p><p>Beneficiaries can access services without any premium payment, as the scheme is funded by the Government of India and state governments. This initiative is crucial for reducing out-of-pocket healthcare expenses, which can be a significant burden for low-income families.</p>
Why it matters
Retail investors should care about PM-JAY as it provides a safety net against high medical costs, ensuring financial stability in case of health emergencies.
Example
Example calculation pending
How to use it
To benefit from PM-JAY, check your eligibility through the official website or visit a nearby Common Service Centre (CSC) to get your Ayushman card for access to cashless treatments.