Page 13 - Insurance Times March 2016 Sample
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Apollo Hospitals Group Swasthya Bima Yojana to expand & cover 8 crore
agrees to sell 23.3% stake families
in Apollo Munich Health A group of ministers (GoM) meeting ance of Rs 250 for every hospitalisation.
chaired by Home Minister Rajnath There will be no ceiling on the number
Insurance Singh discussed a Rs 4,000-crore annual of family members that can be cov-
expansion plan for the
The Board of Directors of Apollo En- Rashtriya Swasthya Bima ered. The scheme is esti-
ergy Com- Yojana to cover 8 crore mated to cost Rs 23,415
pany Ltd., families under what is be- crore over a period of five
an Apollo ing tentatively called the years.
Hospitals National Health Protec-
Group tion Scheme. Apart from Singh, the
Company GoM meeting was at-
The new scheme will cover poor fami- tended by Health Minister J P Nadda,
has approved the divestment of lies and labourers, among others, as Finance Minister Arun Jaitley and MoS
23.3% shareholding in Apollo Munich per deprivation statistics given in the (Finance) Jayant Sinha. The proposal
Health Insurance Company Ltd. to latest Socio-Economic Caste Survey that was taken up by the GoM has
its joint venture partner, Munich Re (SECC) with a minimum package of Rs provisions to set up a National Health
of Germany for Rs. 163.5 cr. The 50,000 per family. It will also have a Agency to administer the scheme cen-
proposed transaction values Apollo top-up plan of Rs 30,000 for every se- trally, and it will be left to the states
Munich at Rs. 703 cr. nior citizen and a transportation allow- to pick trust-based or insurance-based
implementation model.
Completion of the proposed transac-
tion is subject to applicable regula- Health Pact between India and Maldives
tory approvals and execution of cus-
tomary agreements, which is ex- A pact between India and Maldives on facilitating greater cooperation got ex-
pected to be completed at the end post facto approval, along with assisting development
of the first quarter of 2016.Post con- of human resources in healthcare in the country. The
summation of the transaction, MoU covers cooperation in areas like exchange and
Apollo Hospitals Group's training of medical doctors and other health profession-
shareholding in Apollo Munich shall als and medical and health research development.
stand reduced from 74.4% to 51.1%.
Correspondingly, Munich Re's The MoU also covers cooperation in the area of management of healthcare
shareholding in Apollo Munich shall sector and public health services, procurement of generic and essential drugs
move to 48.7% and 0.2% will be held and assistance in sourcing of drug supplies, health promotion and disease pre-
by employees. Apollo Hospitals shall vention, traditional and complementary medicine, telemedicine and any other
continue to hold its stake in Apollo area of cooperation as may be mutually decided upon.
Munich.
'Jan Suraksha' will evolve to 'Jan Dhan se Jan Suraksha'
Dr.Prathap C Reddy, Chairman,
Apollo Munich Health Insurance The government is looking to introduce a health insurance scheme under the
Company Ltd. and Chairman, Apollo Jan Suraksha umbrella, in line with its new mantra of "Jan Dhan
Hospitals Enterprise Ltd., welcomed se Jan Suraksha".
the development and said, "Insur-
ance is a key element for making The new scheme is likely to replace the existing Rashtriya
quality healthcare facilities acces- Swasthya Bima Yojana (RSBY), sources said. The RSBY was intro-
sible to the masses. The show of con- duced by the UPA government in 2008, but has since failed to
fidence from our JV partner will go take off due to less awareness among people about the scheme. The NDA gov-
a long way in helping the Group ernment is looking to give the scheme a complete makeover by introducing new
achieve its vision of 'Healthcare for features, including a minimal premium for those opting for the cover, sources
all'. added. "Insurance is an integral part of financial inclusion and the government
wants to focus on it, especially after the success of the Pradhan Mantri Jan Dhan
Yojana," said a senior government official who did not wish to be identified.
The Insurance Times, March 2016 13
