Question

    Which of the following statements about health

    insurance in India is/are correct? 1) The Ayushman Bharat Yojana is a health insurance scheme for families living below the poverty line. 3) It is also known as Pradhan Mantri Jan Arogya Yojana. 2) The Insurance Regulatory and Development Authority of India (IRDAI) regulates health insurance in India.
    A 1 and 2 only Correct Answer Incorrect Answer
    B 1 and 3 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1, 2 and 3 Correct Answer Incorrect Answer
    E 3 only Correct Answer Incorrect Answer

    Solution

    The Ayushman Bharat Yojana, also known as Pradhan Mantri Jan Arogya Yojana, is a health insurance scheme launched in 2018 to provide free health insurance coverage of up to Rs. 5 lakh per family per year to over 10 crore families living below the poverty line in India. The scheme aims to provide financial protection and improve access to quality healthcare services. The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body for the insurance sector in India, including health insurance. IRDAI regulates the norms and guidelines for health insurance policies, including premium rates, policy coverage, and claim settlement procedures.

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