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Maharashtra to provide free & cashless health insurance cover to its people

Speaking to reporters after a Maharashtra Day event in Jalna on Friday, Tope said 85 per cent of the state’s population was covered under the Mahatma Jyotiba Phule Jan Arogya Yojana (MJPJAY) at present and the cover will be extended to the remining 15 per cent.A memorandum was signed to include government, semi-government employees and white ration card holders in the scheme in a bid to prevent private hospitals from overcharging patients, he said.

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Covid-19 Pandemic:US life insurance claims may touch $7.2 bn

The estimate includes costs for policyholders between the ages of 56 and 74, which are projected to reach as much as a combined $4.1 billion for individual and group plans, the researcher said in a study released Thursday. Life insurers are in good shape and should be able to manage surging costs, according to the report’s author, Samantha Chow.

Individual policies would account for 81% of claims, while group plans such as those offered by employers would make up the rest, the Aite study found. Insurers’ main challenge will be how to handle claims as economic hardship spreads, Chow said.

“The biggest issue is going to be that these beneficiaries that are calling after losing a loved one who might have passed as a result of Covid-19 — they’ve incurred a lot of health-care costs,” she said. “They might need the money really quickly in order to survive.”

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