BANKING AFFAIRS

Detailed explanation-1: -Every family is entitled to a Rs. 30, 000 hospitalization benefit, which includes the aforementioned maternity benefit. The maximum amount of expenses that can be claimed, excluding maternity benefits, is Rs. 15, 000.

Detailed explanation-2: -What is Universal Health Insurance Scheme? The Universal Health Insurance Scheme offers coverage for all medical expenses, including personal accident cover to the primary breadwinner of the family. In this scheme, compensation is also provided if the earning member of the family passes away.

Detailed explanation-3: -The Universal Health Insurance Scheme was launched on a countrywide basis in July 2003 with an objective to provide health care to poorest section of the society. The scheme was open to BPL and Non-BPL families.

Detailed explanation-4: -Minimum and Maximum Sum Insured: The standard health insurance policy, offers to cover both individuals as well as family floater plans. You can purchase a cover of minimum Rs. 1 lakh while Rs. 5 lakh is the maximum amount.

Detailed explanation-5: -Other benefits of the scheme: Rs. 30, 000 hospitalisation benefit per family per policy which includes the maternity benefit mentioned above. Maximum expenses claim is restricted to Rs. 15, 000 excluding maternity benefits.