The Department of Financial Services today launched the Paripoorna Mediclaim Ayush Bima for Central Government Health Scheme (CGHS) beneficiaries. This insurance policy offers cashless facilities, modern treatments and access to a wide network of hospitals.

 

 

The Finance Ministry said that the policy is exclusively available to CGHS beneficiaries with a maximum of six members per policy. It provides indemnity-based in-patient hospitalisation coverage within India, with sum insured options of 10 Lakh or 20 Lakh rupees.

 

 

The Ministry stated that the Product will have a Co-payment component, allowing beneficiaries to choose between 70:30 or 50:50 co-sharing between insurance companies and the subscribers. This optional health insurance plan will be available as a retail product for all CGHS beneficiaries, with no GST to ensure maximum affordability. As per the Ministry, it will be available for purchase via New India Assurance Company Limited’s offices and online platform shortly.