✎ NoRKA Care insurance scheme's family floater premium (₹5 lakh coverage) hiked from ₹13,411 to ₹35,664–₹77,773, burdening expatriates and senior citizens.
Relevance for Banking, SSC & RBI Grade B exams: Polity & Governance
Opposition leader Pinarayi Vijayan has criticized the Kerala government’s decision to sharply increase premiums for the *NoRKA Care* insurance scheme, which provides medical coverage for expatriates, particularly those in the Gulf. The premium for a ₹5 lakh family floater policy has surged from ₹13,411 to between ₹35,664 and ₹77,773, placing a severe financial burden on low-income expatriates and senior citizens. Vijayan alleged that the government has failed to address concerns raised by expatriate organizations and has refused to discuss the issue in the Legislative Assembly, despite demands for a rollback. He argued that the hike disproportionately affects vulnerable groups and risks destabilizing the scheme, which was designed to support those with pre-existing medical conditions.
This issue holds relevance for Banking, SSC, and RBI Grade B exam aspirants as it highlights the intersection of governance, public policy, and financial inclusion, particularly in the context of social welfare schemes. For banking exams, understanding the impact of policy decisions on insurance schemes can be crucial, as it reflects broader trends in public finance and risk management. For SSC and RBI Grade B aspirants, this case underscores the importance of governance, legislative processes, and the role of opposition in policy formulation, which are key areas in Polity and Governance sections. The debate also touches upon fiscal prudence and the balance between affordability and sustainability in public welfare initiatives.
Source: The Hindu
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