On Tuesday, Prime Minister Narendra Modi launched health development projects worth nearly Rs 12,850 crore and extended his government’s flagship health insurance scheme, Ayushman Bharat, to all senior citizens aged 70 and above.
AB PM-JAY’s benefits would now be available to all senior people aged 70 and up, regardless of socioeconomic situation. Under AB PM-JAY, eligible older persons will receive a new, unique card.
Senior persons aged 70 and over who belong to households already covered by AB PM-JAY would receive an extra top-up cover of up to Rs 5 lakh per year for themselves (which they do not have to share with other family members under the age of 70). This scheme aimed to benefit approximately 4.5 crore families with six crore senior citizens with 5 lakh rupees of health insurance on a family basis.
Here are some stocks that can benefit Ayushman Bharat Health Insurance scheme launched by PM Modi:-
Life Insurance Corporation of India
Life Insurance Corporation is engaged in the business of life insurance in and outside India. It offers a range of individual and group insurance solutions including participating, non-participating, and unit-linked lines of businesses.
With a market capitalization of Rs 5.91 lakh crore, the shares were trading at Rs 935.05 per share, increasing around 0.09 percent as compared to the previous closing price.
HDFC Life Insurance Company Ltd
HDFC Life Insurance Company Ltd provides a range of individual and group insurance solutions across India. The portfolio comprises various insurance and investment products such as protection, pension, savings, investment, annuity, and health.
With a market capitalization of Rs 1.58 lakh crore, the shares were trading at Rs 736.35 per share, decreasing around 1 percent as compared to the previous closing price.
ICICI Prudential Life Insurance Company Ltd
ICICI Prudential Life Insurance Company Limited is engaged in carrying on the business of providing life insurance, pensions, and health insurance products to individuals and groups. The Company’s segments include Par Life, Par Pension, Non-Par Life, Non-Par Pension, Non-Par
Variable, Non-Par Variable Pension etc.
With a market capitalization of Rs 1.09 lakh crore, the shares were trading at Rs 760.80 per share, decreasing around 1 percent as compared to the previous closing price.
Go Digit General Insurance Ltd
Go Digit General Insurance Ltd provides a range of non-life insurance products such as motor insurance, health insurance, travel insurance, property insurance, marine insurance, and liability insurance.
With a market capitalization of Rs 30,873.27 crore, the shares were trading at Rs 337.00 per share, increasing around 3 percent as compared to the previous closing price.
SBI Life Insurance Company Ltd
SBI Life Insurance firm Limited is an India-based firm that provides life insurance. The company operates in three segments: participating, non-participating, and linked. Its Participating section comprises Individual Life, Individual Pension, Group Pension, and Variable Insurance.
With a market capitalization of Rs 1.64 lakh crore, the shares were trading at Rs 1,638.40 per share, decreasing around 1.25 percent as compared to the previous closing price.
Written by:- Abhishek Singh
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