Q. Consider the following statements regarding “Ayushman Bharat Pradhan Mantri – Jan Arogya Yojana (AB PM-JAY)”:
1.It is the world’s largest health insurance scheme.
2.The scheme provides health cover of 5 lakh per family per year for primary and secondary care hospitalization.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: A
Notes:

Explanation: AB PM-JAY is the world’s largest health insurance scheme that intends to minimise the OOPE of the target beneficiaries arising due to expenditure on healthcare.

The scheme provides health cover of `5 lakh per family per year for secondary and tertiary care hospitalisation to over 10.7 crore poor and vulnerable families (approximately 50 crore beneficiaries) that form the bottom 40 per cent of the Indian population identified based on the deprivation and occupational criteria of the Socio Economic Caste Census 2011 (SECC 2011) and other State schemes.

Source: Economic Survey 2023