Industry backs senior citizen coverage under PMJAY, flags key concerns

The insurance industry has expressed support for including senior citizens under the Pradhan Mantri Jan Arogya Yojana (PMJAY) but has flagged key concerns. Industry stakeholders highlight the need for adequate premium pricing and risk management strategies to ensure the sustainability of the scheme. They also emphasize the importance of comprehensive coverage and access to quality healthcare services for senior citizens. The inclusion of senior citizens under PMJAY aims to provide financial protection against health expenses and improve healthcare access for the elderly. However, the industry calls for careful consideration of actuarial principles and financial viability to address the challenges associated with insuring an older population.