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MEDISEP
Medical Insurance Scheme for State Employees and Pensioners (abbr. MEDISEP) is an insurance scheme launched by Government of Kerala to provide comprehensive health insurance coverage to all serving State Government employees and pensioners. The beneficiaries include newly recruited employees and their family, part time employees, all staff of aided schools and colleges and their family, pensioners and their spouses and family pensioners. The scheme was formally inaugurated by the Chief Minister of Kerala on 1 July 2022. Within six months of its launch, the scheme attracted more than a total of 2.9 million beneficiaries and dependents and a participation of 480 hospitals most of which are located within Kerala. The scheme is envisaged to provide cashless medical assistance with a comprehensive coverage up to Rs. 3 lakhs per year. The annual premium is Rs.4800 plus 18 per cent GST for the policy period of 2022-24. A monthly premium of Rs.500 is being deducted from the salary of June a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Oriental Insurance Company
The Oriental Insurance Company Ltd. is a central public sector undertaking under the ownership of Ministry of Finance, Government of India. The headquarters is present in New Delhi. It has 29 regional offices and more than 1500 active branches across the country. The psu also has branches in Nepal, Kuwait, and Dubai. The psu had recorded a gross premium of in the financial year 2020–21. It offers more than 170 general insurance products. The IRDA registration number of the company is "556". History The Oriental Insurance Company Ltd. was incorporated at Mumbai on 12 September 1947. The company was a wholly owned subsidiary of The Oriental Government Security Life Assurance Company Ltd and was formed to carry out general insurance business. The company was a subsidiary of the Life Insurance Corporation of India from 1956 to 1973 (until the General Insurance Business was nationalized in the country). In 2003 all shares of the company held by the General Insurance Corporation of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Kerala
Government of Kerala is the subnational government of the Indian state of Kerala. The government is led by a chief minister, who selects all the other ministers. The chief minister and their most senior ministers belong to the supreme decision-making committee, known as the cabinet. Ministers of the Kerala Government are responsible to the Kerala Legislative Assembly; they make statements in the assembly and take questions from members of the assembly. The government is dependent on Kerala Legislative Assembly to make primary legislation. Legislative assembly elections are held every five years to elect a new assembly, unless there is a successful vote of no confidence in the government or a two-thirds vote for a snap election in the assembly, in which case an election may be held sooner. After an election, the governor selects as chief minister the leader of the party most likely to command the confidence of the assembly, usually by possessing a majority of MLAs. Under the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Health Insurance
Health insurance or medical insurance (also known as medical aid in South Africa) is a type of insurance that covers the whole or a part of the risk of a person incurring medical expenses. As with other types of insurance, risk is shared among many individuals. By estimating the overall risk of health risk and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to provide the money to pay for the health care benefits specified in the insurance agreement. The benefit is administered by a central organization, such as a government agency, private business, or not-for-profit entity. According to the Health Insurance Association of America, health insurance is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment". Background A health i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pensioner
A pensioner is a person who receives a pension, most commonly because of retirement from the workforce. This is a term typically used in the United Kingdom (along with OAP, initialism of old-age pensioner), Ireland and Australia where someone of pensionable age may also be referred to as an 'old age pensioner'. In the United States, the term retiree is more common, and in New Zealand, the term superannuitant is commonly used. In many countries, increasing life expectancy has led to an expansion of the numbers of pensioners, and they are a growing political force. Political parties * 50Plus in the Netherlands * Dor, the Israeli Pensioners' Party * National Party of Retirees and Pensioners in Poland * Party of United Pensioners of Serbia * Pensioners' Party * Norwegian Pensioners Party * Scottish Senior Citizens Unity Party * Swedish Senior Citizen Interest Party Other uses * In the University of Cambridge, a pensioner is a student who is not a scholar or sizar and who pays for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Minister Of Kerala
The chief minister of Kerala is the chief executive of the Indian state of Kerala. In accordance with the Constitution of India, the governor is a state's ''de jure'' head, but ''de facto'' executive authority rests with the chief minister. Following elections to the Kerala Legislative Assembly, the state's governor usually invites the party (or coalition) with a majority of seats to form the government. The governor appoints the chief minister, whose council of ministers are collectively responsible to the assembly. Given that he has the confidence of the assembly, the chief minister's term is for five years and is subject to no term limits. Following India's independence from the British Raj in 1947, the states' monarchs of Travancore and Cochin instituted a measure of representative government, headed by a prime minister and his council of ministers. On 1 July 1949 Travancore and Cochin were merged to form Travancore-Cochin state. The Malabar District and Kasaragod regi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
