• About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service
Thursday, June 4, 2026
Lake City Times
No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper
No Result
View All Result
Lake City News
No Result
View All Result
Home Top News

PMJAY Sehat Scheme: Reports of Rs 500 Cr loss to exchequer baseless, says Secy H&ME

LCT Desk by LCT Desk
October 15, 2023
in Top News
Reading Time: 2min read
A A
Share on FacebookShare on TwitterWhatsappTelegram

Jahangeer Ganaie

Srinagar, Oct 14: Secretary Health and Medical Education Bhupinder Kumar on Saturday termed the allegation of Rs 500 Cr loss to the exchequer regarding PMJAY SEHAT Scheme as baseless and far from the reality.
Addressing a press conference in Jammu, Kumar said that there is an allegation of losses to the exchequer to the tune of Rs 500 crores but a total of premium that was paid to the Bajaj Allianz during the whole policy period that began on April 26l 2020 and continued till March 2022 including the interim period of 79 days on stop loss basis, was Rs 304 crores.
“Total premium that was paid to Bajaj was Rs 304 crores and during same period of one year and 79 days the claims pay out to both private and public by the insurance company was Rs 398.41 crores,” he said. “Based on these figures, the allegation of scam of Rs 500 crore is baseless. The fact is that the company instead of earning profit has on the contrary incurred monetary loss of Rs 93.2 crores.”
The Secretary health added that there has also been an attempt to build a false narrative on the baseless and wrong facts reported in some media outlets about the termination clause.
“It has also been alleged that the review of the renewal of contract was to be done after two years, however, it is being clarified that as per the contract between Bajaj allianz and State Health Agency J&K was allotted to Bajaj after competitive bidding process using the model tender document issued by the National Health Authority,” he said.
He said: “The maximum term of the contract was fixed three years which was to be renewed after every 12 months. The revision of clauses 9 and 27 of the contract make it clear that the continuation of the contract beyond the first year was to be on the basis of mutual agreement of both the parties.”
Kumar said that the insurance company as per the terms and conditions of the contract served the notice expressing unwillingness to continue the contract beyond the completion of one year in view of the losses incurred by it.
He said that every effort was made by the department at that time for ensuring continuing of the contract and services but the company chosed to exercise the option of exiting after the expiry of one year term.
“To prevent service interruptions, State Health Agency J&K entered into an agreement with Bajaj alliance to continue services on stop loss basis until the selection of new insurance company is finalised,” he said, adding that it has also been misquoted that the number of eligible families covered under the scheme was increased by 10 lakhs to benefit the company during the interim period of 79 days but it is clarified that number of families during the policy period from 26th of January 2020 to 25th of December 2021 and the interim period of 79 days remained same as 21.24 lakhs.
He said that this model hasn’t only strengthened the health care systems within J&K but has also significantly reduced out of pocket expenses preventing catastrophic payments and poverty for families in need of hospitalization.
“However, it is worth mentioning that there have been attempts to discredit the scheme through misinformation. Such allegations are intended to disrupt the services and are totally baseless and false besides meant to malign the image of government and are vehemently denied,” he said.

READ ALSO

NC to protest over statehood demand in New Delhi

Functioning of ministers comes under scanner at CM’s meet with MLAs

Related Posts

Top News

NC to protest over statehood demand in New Delhi

June 4, 2026
People of JK being sidelined systematically: NC

Srinagar, Jun 3: The National Conference on Wednesday announced it will hold a protest in New Delhi on the first...

Read more
by LCT Desk
0 Comments
Top News

Functioning of ministers comes under scanner at CM’s meet with MLAs

June 4, 2026
Functioning of ministers comes under scanner at CM’s meet with MLAs

Srinagar, Jun 3: MLAs of the ruling National Conference as well as independent legislators supporting the government gunned for Deputy...

Read more
by LCT Desk
0 Comments
Top News

Dachigam turns political-media hub

June 4, 2026
Dachigam turns political-media hub

Srinagar, Jun 3: The quiet wilderness of Dachigam National Park on Wednesday turned into an unusual political and media hub...

Read more
by LCT Desk
0 Comments
Politics

Dachigam mirrors Omar’s govt: Sajad Lone

June 4, 2026
Will go on hunger strike if electoral demography of JK changed: Sajad Lone

Srinagar, Jun 3: Peoples Conference president Sajad Gani Lone Wednesday took a swipe at Chief Minister Omar Abdullah for holding...

Read more
by LCT Desk
0 Comments
Top News

Amit Shah to chair high-level J&K security review meeting on Jun 8

June 4, 2026
Amit Shah to review J&K security at high-level meet in Delhi today

New Delhi, Jun 3: Union Home Minister Amit Shah will chair a high-level security review meeting on Jammu and Kashmir...

Read more
by LCT Desk
0 Comments
Top News

Zojila Tunnel: Gadkari to trigger breakthrough blast

June 4, 2026
Zojila Tunnel: Gadkari to trigger breakthrough blast

Ganderbal, Jun 3: The strategically significant 13.15-kilometre Zojila Tunnel, linking Jammu and Kashmir with Ladakh, is set to reach a...

Read more
by LCT Desk
0 Comments
Next Post
Will use AI based software to track students’ progress upto class 9: SCERT

Implement SA&E scheme for preparatory stage, onwards: JKSCERT to Schools

  • About Us
  • Contact Us
  • Our Team
  • Advertising
  • Privacy Policy
  • Terms of Service

© 2021 Lake City Times - Premium theme by GITS.

No Result
View All Result
  • Top News
  • Region
  • City News
  • Politics
  • Business
  • Health
  • Edit-Oped
  • Tourism
  • National
  • World
  • ePaper

© 2021 Lake City Times - Premium theme by GITS.