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Similar to Insurance part of union budget 2018-19 of India
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Insurance part of union budget 2018-19 of India
- 1. MANGALORE UNIVERSITY DEPARTMENT OF BUSINESS ADMINISTRTION MBA (II SEMESTER)
- 4. Three public sector general insurance companies will be merged into a single insurance entity. National Insurance Company Ltd United India Assurance Company Limited Oriental India Insurance Company Limited
- 5. The Government will expand the coverage under Prime Minister Jan Dhan Yojana. Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY) has benefitted 5.22 crore families with a life insurance cover of Rs. 2 lakh on payment of a premium of only Rs.330 per annum. Pradhan Mantri Suraksha Bima Yojana, 13 crore 25 lakh persons have been insured with personal accident cover of Rs. 2 lakh on payment of a premium of only Rs. 12 per annum.
- 6. Raising the limit of deduction for health insurance premium and/ or medical expenses. Rs.30,000 to Rs.50,000 under section 80D
- 7. ‘‘Beti Bachao Beti Padhao’’ More than 1.26 crore accounts have been opened. In the budget of 2018-19 has been allocated Rs. 24,700 crore
- 8. Government will launch a flagship National Health Protection.
- 9. Rs. 600 crore to provide nutritional support to all TB patients at the rate of Rs.500 per month Tuberculosis (TB) claims more lives every year.
- 10. 24 New medical colleges and hospitals At least one medical college for every 3 parliamentary constituencies. At least one government medical college in every state of India.
Editor's Notes
- by bringing all sixty crore basic accounts within its fold and undertake measures to provide services of micro insurance and unorganized sector pension schemes through these accounts.
- All senior citizens will now be able to claim benefit of deduction up to Rs.50,000/- per annum in respect of any health insurance premium and/or any general medical expenditure incurred.
- providing coverage upto 5 lakh rupees per family per year for secondary and tertiary care hospitalization. This will be the world’s largest government funded health care programme Adequate funds will be provided for smooth implementation of this programme.