The Government of India-owned National Insurance Company and the co-operative department of the Government of Karnataka have signed an MoU to provide innovative health insurance called Yeshasvini for 25 lakh co-operative farmers in Karnataka.
The memorandum has been signed in the presence of Karnataka chief minister S M Krishna and H S Wadhwa, the CMD of National Insurance Company.
The insurance would include a nominal premium of Rs 60 per annum or in other words, Rs 5 per month per head for a co-operative farmer. This would mean that his spouse and children can avail themselves of medical treatment towards stomach operations, gynecological operations, kidney, bone, eye and even brain and heart operations.
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The entire cost would be reimbursed by the insurance company for undergoing treatment in about 50 hospitals that have been identified across the state.
Wadhwa told newspersons that the limit of insurance would be Rs 2 lakh per person upto 75 years of age.
On the developments at the National Insurance Company, he said that the company would turn around this year and make up for the deficit of Rs 93 crore during the previous fiscal.