Rashtriya Swasthya Bima Yojana (RSBY) Everything You Need to Know
To understand any insurance scheme, we must look at the statistics of our country. Studies show that when it comes to the unorganized sector, the workers of this particular sector make up for about an astounding 93% of the entire workforce of our nation. As India is pacing fast towards development, more and more initiatives are being introduced by the government to get social security in place. However, these measures will take a lot of time to reach everybody who is in need as the economy of the nation is also prioritizing other goals.
But, with thorough research and years of financial growth, it has been found out that individual health insurance plans may actually be a great tool for better medical care. Especially, the individual health insurance plans that are sponsored by the government have made medical care more accessible and definitely more affordable too.
What is the RSBY Scheme?
Launched by India’s federal ministry which is responsible for labour and employment (known as Ministry of Labour and Employment), this particular scheme is targeted at providing family or individual health insurance plans to families that are below the poverty line. Since a large chunk of our population cannot afford quality healthcare, the government has introduced different schemes to ensure that nobody has to suffer health-wise because they cannot afford medical care. With this mindset, the RSBY was introduced. What are the benefits of the
Why Rashtriya Swasthya Bima Yojana? (RSBY)
Since India is a diverse nation, it makes sense that the state governments are given the freedom of designing benefits depending upon the requirements of the citizens of the state. The benefits may vary state to state, but the central government has curated certain benefits that all states need to incorporate in their plan. These benefits make the RSBY one of the most affordable individual health insurance plans in the country. Some of them are:
- Apart from covering the individual who is working in the unorganized sector, this plan also promises to cover the family for up to five members in total.
- The amount of the sum assured provided on an annual basis to each family floater plan is Rs. thirty thousand.
- All the ailments that are covered in this plan have the provision of cashless treatment.
- This scheme also covers the expenses incurred due to hospitalization. It takes care of all of the common illnesses and has a few exclusions.
- Unlike many other individual health insurance plans, even the pre-existing diseases are covered in this particular scheme.
- The plan also provides coverage of transportations costs (Up to 1000 with Rs. 100 maximum per visit).
What is the Procedure for Enrollment Process for RSBY?
When it comes to enrolling in RSBY, the insurer is handed over a list (administered electronically) which consists of all the BPL families which are eligible for this scheme. This data collection is as per the pre-specified format. After which, there is a schedule set for each village and the dates are given by the insurance company. These dates are set after consulting the district level officials.
Based on this schedule, the list is then put up in the enrollment stations in the village. The location along with the date is displayed in the main spots of the city. In some villages, even mobile stations are set up for better enrollment.
Over to You
It is important to note that the Rashtriya Swasthya Bima Yojana is not the first initiative taken by the government to provide better and more affordable individual health plans in India. However, it has proven to be quite beneficial for workers who have a low income. The reason why it is different from the other schemes is because it provides health insurance coverage to the insurance buyer. It empowers the people falling below the poverty line in a true sense.