TheAyushmanBharatYojanaalsoknownasPradhanMantriJanArogyaYojanaisahealthinsuranceschemelaunchedin2018toprovidefreehealthinsurancecoverageofuptoRs5lakhperfamilyperyeartoover10crorefamilieslivingbelowthepovertylineinIndiaTheschemeaimstoprovidefinancialprotectionandimproveaccesstoqualityhealthcareservicesTheInsuranceRegulatoryandDevelopmentAuthorityofIndiaIRDAIistheregulatorybodyfortheinsurancesectorinIndiaincludinghealthinsuranceIRDAIregulatesthenormsandguidelinesforhealthinsurancepoliciesincludingpremiumratespolicycoverageandclaimsettlementprocedures