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“Swavlamban Health Insurance Scheme” to provide affordable Health Insurance to the persons with disabilities (PwDs).

MoU inked between Trust Fund for Empowerment of Persons with Disabilities and The New India Assurance Company Limited, on 21.9.2015 to launch Group Mediclaim Policy for empowerment of persons with disabilities – “Swavlamban Health Insurance Scheme”

The Trust Fund for Empowerment of Persons with Disabilities, under the Department of Empowerment of People with Disabilities, Ministry of Social Justice and Empowerment, signed a Memorandum of Understanding (MoU) with the The New India Assurance Company Limited on providing a comprehensive and affordable Health Insurance Scheme - “Swavlamban Health Insurance Scheme” - for the Persons with Disabilities (PwDs), here today. Shri Awanish Kumar Awasthi, Honorary Secretary, Trust Fund for Empowerment of Persons with Disabilities and Ms. Neera Saxena, Deputy General Manager, The New India Assurance Company Limited, inked the MoU in the presence of Mr. Luv Verma, Secretary, Department of Empowerment of People with Disabilities.

Health services and its access to persons with disabilities assume a very significant role in order to enable and empower persons with disabilities (PwDs) to live independently and with dignity as possible. In this context, the Health Insurance facility becomes important but presently such products are not easily available for persons with developmental disabilities. In such a situation, a tailor made Group Health Insurance Scheme like “Swavlamban Health Insurance Scheme” has been conceived with the objective of providing affordable Health Insurance to persons with blindness, low vision, leprosy-cured, hearing impairment, loco-motor Disability, mental Retardation and mental Illness. It also aims to improve the general Health condition & quality of life of persons with disabilities.

The scheme has been designed to deliver comprehensive cover to the beneficiary as well as his family (PwD, Spouse & up to two children), has a single premium across age band and can be availed by PwDs aged between 18 years and 65 years with family annual income of less than Rs. 3, 00, 000 per annum. The scheme also ensures coverage of any pre-existing condition and a health Insurance cover up to Rs. 2, 00, 000 per annum as family floater. The scheme will be implemented through active participation of the National Institutes and Composite Regional Centres for Persons with Disabilities (CRC’s) under the DEPwD, MOSJ& E. The registered organizations shall liaise with the Insurance Company, MOSJ& E, Health service providers, National Institutes, CRCs and all the stakeholders concerned for awareness generation and enrolment. Under the MoU, the New India Assurance Company Limited will create a network of Hospitals, where the Insured persons can get cashless treatment.

Senior Officers of the Department and New India Assurance Company Limited were present during the signing of the MoU.

   Over a month ago


1. RBI kept its policy rates unchanged in its 3rd Bi-monthly monetary policy review on 4th Adug 2015.
a. Bank Rate – 8.25 % (Unchanged)
b. Cash Reserve Ratio – 4 % (Unchanged)
c. Statutory Liquidity Ratio – 21.5 % (Unchanged)
d. Repo Rate – 7.25 % (Unchanged)
e. Reverse Repo Rate – 6.25 % (Unchanged)
f. Marginal Standing Rate – 8.25 % (Unchanged)

2. RBI notified Section 23 of the Banking Regulation Act, 1949 -Relaxations in Branch Authorisation Policy. The notification allows banks to shift, merge or close branches, in urban areas, at their own discretion.

3. RBI decided to put into circulation 10 rupees coins to commemorate the International Day of Yoga.

4. HDFC Bank launched ‗Dhanchayat, ‘ an educational film to create awareness on the dangers of borrowing money from the unorganised sector. The film was launched under the aegis of Swachh Banking.

5. SEBI moved the Supreme Court seeking the appointment of a receiver to auction off Sahara group‘s domestic and offshore properties to raise money to recover liabilities of over Rs 36, 000 crore, after chairman Subrata Roy has failed to raise even Rs 10, 000 crore to secure his release from jail.

6. SEBI barred 59 entities, including HNIs, from securities markets and also referred the case to the Income Tax Department for further investigations.

7. The International Monetary Fund (IMF) said it will freeze its benchmark currency basket Special Drawing Rights until October 2016, giving markets more time to adjust to the possible addition of China‘s yuan as part of a review of global reserve currencies.

8. China‘s central bank has made USD 17 billion available to more than a dozen financial institutions to help boost the economy, it said, a day after injecting nearly USD 100 billion into two government policy banks.

9. Global rating agency Moody‘s Investors Service trimmed India‘s growth forecast for the current fiscal to around 7% from 7.5% predicted earlier, citing risks from a deficient monsoon season.

10. India‘s exports fell by 10.3% to $23.1 billion in July, their eighth consecutive month of contraction, reflecting the sluggish global commodity prices.

11. The Centre declared that the second and fourth Saturday of every month would be a holiday for banks, with effect from September 1, 2015.

12. ICICI Bank launched the first of its kind fully automated digital locker Named ‗Smart Vault‘ which would be available to customers even on weekends and post banking hours.

13. The government has estimated capital requirement of PSU banks over four years till 2018-19 at Rs 1.80 lakh crore. Of this, the government would infuse Rs 70, 000 crore, while the remaining Rs 1.10 lakh crore would be raised from market. As pergovernment‘s capital infusion plan, Rs 25, 000 crore would be infused in 2015-16 and 2016-17 and Rs 10, 000 crore each in 2017-18 and 2018-19.

14. Banks may not get to use gold mobilised under the proposed gold monetisation scheme to meet the cash reserve ratio (CRR) requirement as the Reserve Bank of India has opposed the move that could dilute the effectiveness of this monetary policy tool.

15. Government sought Parliament‘s approval to infuse Rs 70, 000 crore into public sector banks (PSBs) out of budgetary allocations between FY16 and FY19.

16. Wholesale price inflation hit a record low of -4.05% in July, as the steepest fall in food inflation in at least a decade further deepened a broad-based slowdown in input prices.

17. Retail inflation unexpectedly hit a record low of 3.78% in July as food inflation plunged.

18. China‘s central bank devaluate its currency yuan by 2 percent.

19. Standard & Poor‘s Ratings Services lowered its outlook on the European Union to negative from stable.

20. IDFC Bank is set to start lending operations from October 1.

21. Yes Bank informed BSE that it had raised Rs.315 crore through the issue of Green Infrastructure Bonds to International Finance Corporation (IFC), Washington, on a private placement basis.

22. The Employees‘ Provident Fund Organisation (EPFO), for the first time since its inception in 1951, would invest in equities with a corpus of Rs.5, 000 crore initially through SBI Mutual Fund.

23. SEBI notified new norms. In which firms in which public shareholders own stocks worth Rs.1, 000 crore will now be able to access this route through a follow-on public offer (FPO). Currently, the minimum requirement is Rs.3, 000 crore. The minimum public holding requirement for a rights offer is Rs.250 crore.

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   Over a month ago