Stocks that could benefit from the launch of Ayushman Bharat health insurance program by Prime Minister Narendra Modi

Prime Minister Narendra Modi on Tuesday launched health development projects worth nearly Rs 12,850 crore and extended his government's flagship health insurance scheme, Ayushman Bharat, to all senior citizens. 70 years and over.

AB PM-JAY benefits would now be available to all people aged 70 and above, regardless of their socio-economic status. Under AB PM-JAY, eligible senior citizens will receive a new one-time card.

People aged 70 and above who belong to households already covered under AB PM-JAY would receive additional top-up coverage of up to Rs 5 lakh per year for themselves (which they would not have to share with other family members under the age of 70). of 70). This scheme aimed to benefit around 4.5 crore families comprising six crore senior citizens benefiting from Rs 5 lakh health insurance on a family basis.

Here are some actions that can benefit from the Ayushman Bharat health insurance scheme launched by PM Modi:-

Life Insurance Company of India

Life Insurance Corporation carries out life insurance business in India and abroad. It offers a range of individual and group insurance solutions, including participating, non-participating and unit-linked lines of business.

With a market capitalization of Rs 5.91 lakh crore, the shares were trading at Rs 935.05 per share, an increase of around 0.09 percent from the previous closing price.

HDFC Life Insurance Company Ltd.

HDFC Life Insurance Company Ltd offers a range of individual and group insurance solutions across India. The portfolio includes various insurance and investment products such as protection, retirement, savings, investment, annuity and health.

With a market capitalization of Rs 1.58 lakh crore, the shares were trading at Rs 736.35 per share, down about 1 per cent from the previous closing price.

ICICI Prudential Life Insurance Company Ltd.

ICICI Prudential Life Insurance Company Limited is engaged in the business of providing life insurance, pension and health insurance products to individuals and groups. The Company's segments include Participating Life Insurance, Participating Pension Plans, Non-Participating Life Insurance Plans, Non-Participating Pension Plans, Non-Participating Pension Plans

Variable pension, variable without participation, etc.

With a market capitalization of Rs 1.09 lakh crore, the shares were trading at Rs 760.80 per share, down about 1 per cent from the previous closing price.

Go Digit General Insurance Ltd

Go Digit General Insurance Ltd offers a range of non-life insurance products such as motor insurance, health insurance, travel insurance, property insurance, marine insurance and liability insurance.

With a market capitalization of Rs 30,873.27 crore, the shares were trading at Rs 337.00 per share, an increase of around 3% from the previous closing price.

SBI Life Insurance Company Ltd.

SBI Life Insurance Firm Limited is an India-based company engaged in the provision of life insurance. The Company operates in three segments: participating, non-participating and related. Its participating section includes individual life insurance, individual pension, group pension and variable insurance.

With a market capitalization of Rs 1.64 lakh crore, the shares were trading at Rs 1,638.40 per share, down about 1.25 per cent from the previous closing price.

Written By:- Abhishek Singh

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