The scheme has got wide appreciation from the International Labour Organization and the World Bank. The Rashtriya Swasthya Bima Yojana was launched on October 1st 2007 as a health insurance scheme targeting families living below the poverty line. It came into operation in April 2008. Beneficiaries are entitled to a smart card-based, cashless health insurance cover of Rs. 30,000 per family p.a. on a family floater basis.
The Centre contributes 75% of the annual premium, while the States' share is 25%. In the case of North-East and Jammu and Kashmir, the Centre's share in premium contribution is 90%.
The beneficiary family has to pay only Rs. 30 a year as registration and renewal fee. The administrative cost is borne by the States.
Source: Medindia