Ayushman Bharat Yojana impact on Health Insurance Sector
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The onus of providing adequate welfare to the citizens of a nation rests on the shoulders of the Government. The basic needs of a citizen include having access to healthcare. The Government of India launches many schemes from time to time for the betterment of society, regardless of the economic standing of the citizens. The Ayushman Bharat Yojana is one such program launched by the Government to make healthcare accessible for the economically backward sections of the country.

What is Ayushman Bharat Yojana?

Ayushman Bharat Yojana, also known as PMJAY (Pradhan Mantri Jan Arogya Yojana scheme), was launched in 2018. It is one of the biggest healthcare schemes in the world. Around 50 crore Indians are expected to benefit from the Ayushman Bharat Yojana scheme. The Government launched this scheme as quite a large section of its citizens are economically backward and cannot afford substantial medical expenses. Besides this majority of the citizens of India reside in small towns and villages, tier 2 and tier 3 cities. The rural population of our country can benefit immensely from this scheme. However, this scheme is more comprehensive and caters more to the rural population. It is also beneficial for needy and poor households in urban areas. Upon enrolling for health insurance, the maximum sum assured is Rs. 5 lakhs.

The areas covered under the PMJAY scheme are medicines, medical treatment, pre-hospitalization expenses, and expenses incurred in diagnosis. The hospitalization expenses are covered under this scheme. After undergoing treatment, post-hospitalization expenses also need to be met. Under this Government health insurance scheme, an Ayushman Bharat Yojana e-card has been issued. With the help of this card, an individual can avail of cashless hospitalisation healthcare services. Such healthcare facilities can be availed only if the treatment is done in one of the hospitals that are listed under this scheme. The beneficiaries of the cardholder can also avail of any treatment related to health as specified by showing the Ayushman Bharat Yojana e-card.

Also Read: How Will Ayushman Bharat Yojana Impact Health Insurance Sector In India

Features of Ayushman Bharat Yojana (PMJAY)

Some of the crucial features of PMJAY(Pradhan Mantri Jan Arogya Yojana scheme) are:

1. It is a family floater scheme with the maximum sum assured of Rs. 5 lakh. This amount is for the entire family of those enrolled under the Ayushman Bharat Yojana scheme.
2. The Ayushman Bharat Yojana e-card holder can avail of cashless treatment in any public hospital and some listed private hospitals.
3. Pre-hospitalization expenses (up to 3 days) like diagnosis and medical bills are covered under this scheme.
4. Post-hospitalization expenses (up to 15 days) like diagnosis and medical bills are covered under this scheme.
5. The Ayushman Bharat Yojana scheme is designed in such a way that people who are below the poverty line can get proper healthcare facilities.
6. Such individuals cannot buy health insurance schemes online as they do not have any access to the Internet.
7. The transportation cost incurred during the pre and post-hospitalization period is also reimbursed under this scheme. This facility is extended to the Ayushman Bharat Yojana e-card holders and their family members.
8. The Ayushman Bharat Yojana covers some of the pre-existing diseases from the very first day of its issue.
9. This life-saving scheme package covers not only medical expenses but also expenses incurred during the daycare treatment.
10. The Government of India has opened many health and wellness centres to make the Ayushman Bharat Yojana scheme available to its citizens.
11. The packages of this health insurance scheme are pre-determined by the Government. The payment of the medical expenses depends upon the package taken by the individual.
12. There is no discrimination based on gender, age or family size. The Ayushman Yojana cardholder can get treatment anywhere in India.
13. One thousand three hundred ninety-three medical procedures are included in the Ayushman Bharat Yojana scheme.

Categories Covered under PMJAY(Pradhan Mantri Jan Arogya Yojana scheme)

PMJAY (Pradhan Mantri Jan Arogya Yojana scheme) has proved to be a lifesaver for many socio-economically backward people. Some salient features covered under this Government health insurance plan are:

1. Eligibility: Ayushman Bharat Yojana is available only to lower-income groups. It cannot be availed by people not falling in this bracket.
2. Premium: It depends upon the plan taken. It is usually Rs. One hundred per month, or it can also be paid entirely by the Government.
3. Sum insured: The maximum sum under this scheme is up to Rs. 5 lakhs.
4. Public hospital rooms - depending upon availability. However, most of the time, it is available.
5. Private hospital rooms : Depends upon the availability of the room at that time. Only a few private hospitals are associated with this scheme.
6. Ambulance charges: It is covered under a few plans taken by the insurance policyholder.
7. Maternity benefits: It is available only for a single child (in some cases depending upon the plan chosen). This facility cannot be availed every time.
8. Online renewal: Can or cannot be renewed online, but in most cases, internet accessibility is unavailable.
9. Health check-up facility: Is not covered under this plan.

Benefits of the Ayushman Bharat Yojana scheme

The Ayushman Bharat Yojana scheme caters to the underprivileged section of our society. Some of the benefits of this scheme that they can avail of are as follows:

1. Treatment of the healthcare policyholder is extended to the beneficiary (policyholder) and their family members.
2. Treatment is free of cost and can be availed anywhere in India.
3. Pre-hospitalisation and post-hospitalisation expenses are covered under the Ayushman Bharat Yojana scheme.
4. Around 25 specialties with one thousand three hundred ninety-three medical packages are included in the Ayushman Bharat Yojana scheme.
5. The cost of multiple surgeries is covered if the health insurer buys the highest package available under this scheme. However, for the second surgery, 50% and 3rd surgery, 25 % is covered.
6. This scheme covers all treatments requiring cardio surgery, neurosurgery, etc.
7. The cost of the treatment of oncology, which requires chemotherapy for treating cancer patients, is also covered under this scheme. The only condition is that surgical and medical packages cannot be clubbed together.
8. Any complications arising during surgery are also covered under the Ayushman Bharat Yojana scheme.

What Comes under the Ayushman Bharat Yojana Scheme

This is a list of treatments that are covered under the Ayushman Bharat Yojana scheme:

1. It covers a medical examination of the patient, consultation fees of the doctor, and the cost of the treatment.
2. Pre-hospital expenses of 3 days are covered.
3. Post-hospitalization treatment for 15 days is covered.
4. Accommodation in the hospital during treatment is covered under this scheme.
5. Cashless treatment that covers all hospital expenses is extended to all the beneficiaries.
6. Intensive care units and non-intensive services are included in this package.
7. The cost of everything additional that is required during surgery, like medical durables, anesthesia, cost of medicines and injections etc., are covered under the Ayushman Bharat Yojana scheme.
8. It also covers diagnostic expenses and medical implantation expenses.
9. The cost of the catering services (the food given to the patient during hospitalization) is included in this package.
10. In case of any complication during the treatment, this scheme also covers the expenses incurred for further treatment.
11. Covid-19 treatment of lower income groups of people is also covered.

What and Who is Not Covered under the Ayushman Bharat Yojana Scheme

Specific categories of people are not covered under this scheme. People falling under this category are as follows:

1. Any citizen of India owning a two-wheeler or a three-wheeler or car.
2. A person whose monthly income is more than Rs. 10,000.
3. A person who is a Government employee.
4. A person who lives in a constructed house which is built correctly.
5. A person who has a Kisan card.
6. A person working with machinery, farming and any type of equipment.
7. A person who owns and has an income from a motorised fishing boat.
8. A person who owns agricultural land of 5 acres or more.
9. A person who has a landline and a refrigerator in their house.
10. A person employed by the Government to run a non-agricultural enterprise.
11. Fertility treatment and organ transplant surgeries are not covered under the Ayushman Bharat Yojana scheme.
12. The drug rehabilitation facility is also not provided to the policyholder under this scheme.
13. This scheme also does not take care of individual diagnostics and cosmetic surgery.

Which Critical Illnesses and Diseases are Covered Under the Ayushman Bharat Yojana scheme

The treatment of critical illnesses can be done in any public hospital or listed private hospital. The acute diseases or illnesses covered under this scheme are:

1. Skull base surgery
2. Coronary artery bypass surgery
3. Prostate cancer
4. Carotid Angioplasty with stent
5. Pulmonary valve surgery
6. Double valve replacement surgery
7. Anterior spine fixation
8. Covid-19
9. Tissue expander following disfigurement, which is caused due to burns.

Eligibility Criteria for Rural and Urban Population under the Ayushman Bharat Yojana scheme (PMJAY)

Through the Ayushman Bharat Yojana scheme, the Government intends to cover at least 40% of the rural and economically backward urban populations. These figures have been reached by collecting data from the socio-economic caste Consensus 2011.

Eligibility criteria for rural people under this scheme

1. Families who do not have any adult/ earning member /male in the age group of 16 to 59 years of age.
2. Family living in 1 room with no concrete structure (kaccha wall).
3. A family that doesn't have any healthy members with one disabled member.
4. A manual scavenger family (member of a family involved in sanitation work like sweepers, garbage collectors and sewage cleaners etc.)
5. A family who doesn't have a house earns a living on daily wages.

Eligibility criteria for urban people under this scheme

1. Domestic helper
2. Ragpicker
3. Beggar
4. Construction worker, plumber, labourer, painter and mason.
5. Security guard, coolie, painter and washerman.
6. Electrician, repair worker, mechanic and assembler.
7. Cart puller, a rickshaw puller, a transport worker and a conductor.
8. Peon, waiter, delivery assistant and shop worker.
9. Cobbler, hawker and street vendor.

Hospitalization process under the Ayushman Bharat Yojana scheme

The Ayushman Bharat Yojana scheme offers health insurance facilities to vulnerable and lower-class people who find it hard to meet medical expenses when hospitalized. The entire treatment cost is borne by the Government (60:40 cost sharing by the centre and the state). The inpatient charges during hospitalization, along with the medical expenditure, are free of cost under the Ayushman Bharat Yojana scheme. It also covers pre-hospitalization and post-hospitalization treatment.

All the beneficiaries enrolled in the PMJAY(Pradhan Mantri Jan Arogya Yojana scheme) program are entitled to an Ayushman Bharat Yojana e-card. Treatment and benefits can be availed if this card is shown in the empanelled private and public hospitals.

Ayushman Mitra's appointed in the empanelled private and public hospitals under the PMJAY scheme. They will be available near the help desk. Their main work is to check and verify eligibility criteria and all the documents needed for hospitalization. They also help the beneficiary with the enrollment process. After all this is done, they provide a letter to the beneficiary. This letter contains a QR code which has to be scanned and verified. It helps in checking the eligibility to avail of the benefits of this scheme.

Medical Packages

The Ayushman Bharat Yojana scheme covers 25 specialties. Some of them are:

1. Cardiology
2. Neurology
3. Pediatrics
4. Oncology
5. Covid-19
6. Orthopedics

The Eligibility Criteria for Hospitals to be Empanelled With the Ayushman Bharat Yojana

Like the beneficiaries' eligibility for this scheme, hospitals must also fulfil the eligibility criteria to be listed under the Ayushman Bharat Yojana scheme. Some of these criteria are:

1. Should have at least 10 beds to handle in-patients.
2. Hospital staff should be available around the clock.
3. The Washroom accessibility facility should be available.
4. Hospitals should have the technology to save data.
5. Emergency services and ambulances should be provided to the patients.
6. The medical officer hired should coordinate with AB-NHPS.
7. All the necessary types of equipment should be available.
8. Testing laboratories and blood banks should be near this hospital.
9. The hospital should be registered with state health agencies.
10. Power, bio-medical waste, water supply, etc., should be handled regularly.

The hospitals that treat the Ayushman Bharat Yojana cardholders should maintain a complete record and keep updating it. They are supposed to share this data with the Government as and when required.

How to Check the Hospital List Under this Scheme

A few steps need to be followed to check which hospitals in India provide treatment under this scheme (empanelled private and public hospitals).

These steps are as follows:

Step 1: Visit the official website of PMJAY and click on the hospital's list section.

Step 2: Select the residing state and the district.

Step 3: Here one needs to choose the type of hospital, which has 3 categories:

a. Public
b. Private for-profit
c. Private and not-for-profit.

Step 4: Choose from the list which medical speciality is needed.

Step 5: After choosing the medical speciality, enter the 'CAPTCHA code'.

Step 6: Finally, click on search.

Some hospitals had earlier treated patients with the Ayushman Bharat Yojana e-card but are now suspended. Such hospitals can also be viewed on this site by following the same procedure. Immediately upon clicking search, the list of hospitals, addresses, contact numbers, and website details will be displayed on the screen.

Covid-19 Treatment Covered under The Ayushman Bharat Yojana Scheme

The IRDAI (Insurance Regulatory and Development Authority) issued guidelines to all insurance companies to cover the expenses incurred during the treatment of Coronavirus. The Ayushman Bharat Yojana scheme also covers all the charges related to this deadly virus. These include providing medical test facilities in all the empanelled private and public hospitals. Along with this, arrangements for isolation in hospitals and quarantine expenses are also covered under this scheme. This initiative by the Government has helped the socio-economically backward people.

How to Apply Online for The Ayushman Bharat Yojana Scheme

The beneficiaries enrolled under this scheme were selected from those who participated in the RSBY(Rashtriya Swasthya Bhima Yojana) plan. They were selected based on the SECC (Socio-Economic Caste Consensus) 2011.

To apply and check for enrollment, follow these steps:

Step 1: Visit the official Government website https://pmjay.gov.in.

Step 2: Once the webpage is opened, the next step is to click on the icon 'Am I eligible icon'.

Step 3: Enter the contact details. An OTP will be generated on the mobile number entered.

Step 4: Choose the residing state.

Step 5: Now search by either mobile number, ration card number or name.

Step 6: After clicking this, the search site will inform whether the person who entered the details is eligible for this scheme.

Alternatively, an individual can contact the Ayushman Bharat Yojana customer care number, which is 1800-111-565 or 14555. Empanelled Health Care Providers (EHCP) also have information regarding the eligible people for this scheme.

Documents Needed for Applying for the Ayushman Bharat Yojana Scheme

The documents needed to apply for Ayushman Bharat Yojana Scheme are as follows:

1. Personal details like name, contact number, residential address, and email address.
2. Age proof and identity proof (Aadhaar card, ration card, voter ID)
3. Income certificate
4. Caste certificate
5. The document states the family status.
6. Special category certificate
7. Identification details
8. Family structure

How Can Someone Download The Ayushman Bharat Yojana Card

The Ayushman Bharat Yojana Card contains all the information related to the beneficiary. It has to be shown in the empanelled hospital to get treatment.

To download this card, follow these steps:

Step 1: Open the PMJAY website, which is https://mera.pmjay.gov.in/search/login.

Step 2: 'Captcha code' will appear. Enter it, and an OTP will be generated.

Step 3: Opt for HDD number. This number is the household ID number.

Step 4: Provide this number to CSC(Common Service Center).

Step 5: The details and the HDD number will be checked and verified here.

Step 6: From here onwards, Ayushman Mitra, the CSC(Common Service Center) representative, will complete the remaining process.

Step 7: Once all the formalities are done and the Ayushman Bharat card is ready, the beneficiary must pay Rs. 30 to obtain it.

Conclusion

The Government is trying to uplift the weaker sections of society. They provide many health care packages for the citizens of India. By introducing the Ayushman Bharat Yojana, they have tried to provide a good healthcare package to the socio-economically weaker class. The citizens covered under this scheme should utilise the health benefits provided by the Government.

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FAQs – Frequently Asked Questions


  • What are the eligibility criteria to apply for Ayushman Bharat Yojana healthcare insurance ?

    The eligibility criteria to apply for Ayushman Bharat Yojana healthcare insurance is based on the data accumulated from the socio-economic caste Consensus 2011. From this data, 11 occupational categories have been listed in the urban area and 6 deprived criteria in the rural areas.

  • Can a person above 60 also apply for the Ayushman Bharat Yojana scheme ?

    There is no discrimination regarding age or family size to be eligible for this scheme. People of any age can apply for the Ayushman Bharat Yojana scheme.

  • How do Kashmir migrants get the Ayushman Bharat Yojana Card ?

    The eligibility criteria for this scheme have been determined based on SECC (Socio-Economic Caste Consensus) 2011. The beneficiaries enrolled under this scheme were selected from those who participated in the RSBY(Rashtriya Swasthya Bhima Yojana) plan. Anybody falling under this category will get the Ayushman Bharat Yojana Card, no matter which state they are from or their current residence. So long as they are residing in India.

  • What is the cost of buying Ayushman Bharat Yojana health insurance ?

    The Ayushman Bharat Yojana health insurance is free of cost. The entire cost of treating any disease or illness for a person insured under this scheme is borne by the centre and the state government.

  • What challenges has the Ayushman Bharat Yojana scheme faced ?

    There were many flaws and loopholes when this scheme was launched. Due to so many hurdles and roadblocks, the primary purpose or the aim of the scheme still needs to be achieved. There were flaws related to its implementation. Duplication of identity was another major challenge faced by the Government. These issues are being handled with utmost importance. They are trying to make a seamless identification process.

 

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You shall not (a) copy (whether by printing off onto paper, storing on disk, downloading or in any other way), distribute (including distributing copies), download, display, perform, reproduce, distribute, modify, edit, alter, enhance, broadcast or tamper with in any way or otherwise use any Materials contained in the Website. These restrictions apply in relation to all or part of the Materials on the Website; (b) copy and distribute this information on any other server or modify or re-use text or graphics on this system or another system. No reproduction of any part of the Website may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or web site, whether in hard copy or electronic format, including postings to any other web site; (c) remove any copyright, trade mark or other intellectual property notices contained in the original material from any material copied or printed off from the web site; link to this Website; without our express written consent.

No Warranty

Although all efforts are made to ensure that information and content provided as part of this Website is correct at the time of inclusion on the Website, however there is no guarantee to the accuracy of the Information. This Website makes no representations or warranties as to the fairness, completeness or accuracy of Information. There is no commitment to update or correct any information that appears on the Internet or on this Website. Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. Any use of this Website or the information is at your own risk. Neither ABCL and ABC Companies, nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to, use of, or reliance upon, this Website or the information, or any website linked to this Website.

No Liability

This Website is provided to you on an "as is" and "where-is" basis, without any warranty. ABCL, for itself and any ABC Companies and third party providing information, Materials (defined later), facilities, or content to this Website, makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third party rights, with respect to the website, the information or any products or facilities to which the information refers. ABCL will not be liable to you or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the site, including but not limited to, your use of this site or your inability to use the site, even if ABCL has previously been advised of the possibility of such damages. Any access to information hosted on third party websites of billers/banks/merchants/ABC Companies etc. is not intended and shall not be treated as an offer to sell or the solicitation of an offer to buy any product/offering of these ABC Companies or third parties.

The Facilities Provider or ABCL or ABC Companies shall have absolutely no liability in connection with the information and Material posted on this Website including any liability for damage to your computer hardware, data, information, materials, or business resulting from the information and/or Material or the lack of information and/or Material available on the Website. In no event shall ABCL or ABC Companies shall be liable for any for any special, incidental, consequential, exemplary or punitive damages for any loss, arising out of or in connection with (a) the use, misuse or the inability to use this Website; (b) unauthorized access to or alteration of your transmissions or data; (c) statements or conduct of any third party on the site; or (d) any other matter whatever nature relating to this Website.

Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties. The facilities may contain errors, bugs, or other problems. These difficulties may result in loss of data, personalization settings or other facilities interruptions. The Website does not assume responsibility for the timeliness, deletion, mis-delivery, or failure to store any user data, communications, or personalization settings.

The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.

Manner of Use of Personal Information

All Personal Information including Sensitive Personal Information provided/related to you, shall be stored/used/processed/transmitted expressly for the Purpose or facilities indicated thereon at the time of collection and in accordance with the Privacy Policy. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Therefore, for any of these Purposes, the Website will use ABC Companies their authorized third party vendors, agents, contractors, consultants or facilities providers (individually a ‘Third Party Service Provider’ and collectively, the “Third Party Service Providers”) and to that extent you understand and authorize the Facilities Provider to share/transmit such information to Third Party Service Providers. Such sharing of information will be solely for the purpose to fulfill / complete / authenticate your specific requests/transaction execution and for providing information about any ABC Companies product or facilities or services or for data analytics or to deliver to you any administrative notices, alerts or communications relevant to your Purpose (and which may include sending promotional emails or SMS or calls or any other mode permitted under law) or to analyze the usage and improve the facilities/solutions offered or for any research or troubleshooting problems, detecting and protecting against errors or to improve features, tailor the facilities on the Website to your interests, and to get in touch with you whenever necessary.

Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,

You may receive e-mails /communications/notifications from the Third Party Services Providers regarding facilities updates, information/promotional e-mails/SMS and/or update on new product announcements/services in such mode as permitted under law.

Use of Website in India

This Website is controlled and operated from India and there is no representation that the Materials/information are appropriate or will be available for use in other locations. If you use this Website from outside the India, you are entirely responsible for compliance with all applicable local laws. There is no warranty or representation that a user in one region may obtain the facilities of this website in another region.

Information published on the Website may contain references or cross references to products, programs and facilities offered by ABC Companies/third parties that are not announced or available in your country. Such references do not imply that it is intended to announce such products, programs or facilities in your country. You may consult your local advisors for information regarding the products, programs and services that may be available to you.

In your use of the Website, you may enter correspondence with, purchase goods and/or facilities from, or participate in promotions of advertisers or members or sponsors of the web site, including those of ABC Companies. Unless otherwise stated, any such correspondence, advertisement, purchase or promotion, including the delivery of and the payment for goods and/or facilities, and any other term, condition, warranty or representation associated with such correspondence, purchase or promotion, is solely between you and the applicable ABC Companies and/or third parties.

You agree that Facilities Provider / ABC Companies has no liability, obligation or responsibility for any such correspondence, purchase or promotion between you and any other ABC Companies and/or third parties.

Third party websites

This Website may be linked to other websites (including those of ABC Companies) on the World Wide Web that are not under the control of or maintained by ABCL. Such links do not indicate any responsibility or endorsement on our part for the external website concerned, its contents or the links displayed on it. These links are provided only as a convenience, in order to help you find relevant websites, facilities and/or products that may be of interest to you, quickly and easily. It is your responsibility to decide whether any facilities and/or products available through any of these websites are suitable for your purposes. The Facilities Provider or ABCL is not responsible for the owners or operators of these websites or for any goods or facilities they supply or for the content of their websites and does not give or enter into any conditions, warranties or other terms or representations in relation to any of these or accept any liability in relation to any of these (including any liability arising out of any claim that the content of any external web site to which this web site includes a link infringes the intellectual property rights of any third party).

USE of APP

In case any facilities/services, access/dissemination of information or execution of transaction is done through use of any APP related to ABC Companies, the additional terms and conditions governing the Use of APP shall be applicable and to be read along these Terms of Use.

Postings and monitoring

The Facilities Provider or ABCL or ABC Companies does not routinely monitor your postings to the Website but reserves the right to do so if deemed necessary if it is related to the facilities offered on the web site and to comply with law. However, in our efforts to promote good citizenship within the internet community, if the Facilities Provider or ABCL or ABC Companies becomes aware of inappropriate use of the Website or any of its facilities, any information, opinions, advice or offers posted by any person or entity logged in to the Website or any of its associated sites is to be construed as public conversation only, and the Facilities Provider or ABC Companies shall not be liable or responsible for such public conversation. You agree that in such cases, we will respond in any way that, in our sole discretion, as deemed appropriate. You acknowledge that Facilities Provider or ABC Companies will have the right to report to law enforcement authorities any actions that may be considered illegal, as well as any information it receives of such illegal conduct. When requested, ABC Companies/Facilities Provider will co-operate fully with law enforcement agencies in any investigation of alleged illegal activity on the internet.

Submissions and unauthorized use of any Materials contained on this Website may violate copyright laws, trademark laws, the laws of privacy and publicity, certain communications statutes and regulations and other applicable laws and regulations. You alone are responsible for your actions or the actions of any person using your user name and/or password. As such, you shall indemnify and hold Facilities Provider, ABCL / ABC Companies and its officers, directors, employees, affiliates, agents, licensors, and business partners harmless from and against any and all loss, costs, damages, liabilities, and expenses (including attorneys' fees) incurred in relation to, arising from, or for the purpose of avoiding, any claim or demand from a third party that your use of the Website or the use of the Website by any person using your user name and/or password (including without limitation your participation in the posting areas or your submissions) violates any applicable law or regulation, or the rights of any third party.

We reserve the right to terminate access to this Website at any time and without notice. Further this limited license terminates automatically, without notice to you, if you breach any of these Terms of Use. Upon termination, you must immediately destroy any downloaded and printed Materials.

If you come across any breaches/violation or offensive material you must report to us at abc.secretarial@adityabirla.com

Use of Cookies

You agree and understand that the Website will automatically receive and collect certain anonymous information in standard usage logs through the Web server, including computer/computer resource-identification information obtained from "cookies" sent to your browser from a web server or other means as explained in the Privacy Policy.  

Facilities Changes and Discontinuation

The Website reserves the right to discontinue or suspend, temporarily or permanently, the facilities. You agree that the Facilities Provider/ ABC Companies will not be liable to you in any manner whatsoever for any modification or discontinuance of the facilities. The format and content of this Website may change at any time. We may suspend the operation of this Website for support or maintenance work, in order to update the content or for any other reason.

ABCL, ABC Companies, and its directors, employees, associates, or other representatives shall not be liable for any damages or injury, arising out of or in connection with the use, or non-use including non-availability of the Website and also for any consequential loss or any damages caused because of non-performance of the system due to a computer virus, system failure, corruption of data, delay in operation or transmission, communication line failure, or any other reason whatsoever. The Website will not be responsible for any liability arising out of delay in providing any information on the Website.

Compliance with the Law

You agree that you will not:

  • Use any robot, spider, scraper, deep link or other similar automated data gathering or extraction tools, programme, algorithm or methodology to access, acquire, copy or monitor the Website, or any portion of the Website.
  • Use or attempt to use any engine, software, tool, agent, or other device or mechanism (including without limitation, browsers, spiders, robots, avatars or intelligent agents) to navigate or search the Website, other than the search engines generally available by third party web browsers
  • Post or transmit any file which contains viruses, worms, Trojan horses or any other contaminating or destructive features, or that otherwise interferes with the proper working of the Website or the facilities.
  • Attempt to decipher, decompile, disassemble, or reverse engineer any of the software, comprising or in any way making up a part of the Website or the facilities.
  • You agree not to use the facilities for illegal purposes or for the transmission of material that is unlawful, harassing, libelous (untrue and damaging to others), invasive of another's privacy, abusive, threatening, or obscene, or that infringes the rights of others.

Restrictions on Commercial Use or Resale

Your right to use the facilities is personal to you; therefore, you agree not to resell or make any commercial use of the facilities. In addition, the Website welcomes your feedback as a user of the facilities. Any feedback you provide will become the confidential and proprietary information of the Website, and you agree that the Website may use in any manner and without limitation, all comments, suggestions, complaints, and other feedback you provide relating to the Website. The Website shall have a worldwide, royalty-free, non-exclusive, perpetual, and irrevocable right to use feedback for any purpose, including but not limited to incorporation of such feedback into the Website or other Website software or facilities.

No Endorsements

All product and facilities marks contained on or associated with the facilities that are not the Website marks are the trademarks of their respective owners. The Website would require you to respect the same. References to any such names, marks, products or facilities of third parties or hypertext links to third party sites or information does not imply the Website’s endorsement, sponsorship or recommendation of the third party, information, product or facilities.

Promotional Offers

You may receive from time to time, announcement about offers with intent to promote this Website and/or facilities/products of ABC Companies (“Promotional Offers”). The Promotional Offer(s) would always be governed by these Terms of Use plus certain additional terms and conditions, if any prescribed. The said additional terms and conditions, if prescribed, would be specific to the corresponding Promotional Offer only and shall prevail over these Terms of Use, to the extent they may be in conflict with these Terms of Use. The Website reserves the right to withdraw, discontinue, modify, extend and suspend the Promotional Offer(s) and the terms governing it, at its sole discretion.

Charges for use of Website

There are no charges or fees to be paid by you for use of this Website. However, you are responsible for all telephone access fees and/or internet service fees that may be assessed by your telephone and/or internet service provider. You further agree to pay additional charges, if any levied by Third Party Service Provider(s), for the facilities provided by them through the Website (Additional Charges).

No Endorsement

You are advised to be cautious when browsing on the internet and to use good judgment and discretion when obtaining information or transmitting information. From this Website, users may visit or be directed to third party web sites. The Website makes no effort to review the content of these web sites, nor is the Website or its licensors responsible for the validity, legality, copyright compliance, or decency of the content contained in these sites.

In addition, the Website does not endorse or control the content of any other user and is not responsible or liable for any content, even though it could be unlawful, harassing, libelous, privacy invading, abusive, threatening, harmful, vulgar, obscene or otherwise objectionable, or that it infringes or may infringe upon the intellectual property or other rights of another. You acknowledge that the Website does not pre-screen content, but that the Website will have the right (but not the obligation) in their sole discretion to refuse, edit, move or remove any content that is available via the facilities.

Electronic Communications

These Terms of Use and any notices or other communications regarding the Facilities may be provided to you electronically, and you agree to receive communications from the Website in electronic form. Electronic communications may be posted on the Website and/or delivered to your registered email address, mobile phones etc either by Facilities Provider or ABC Companies with whom the services are availed. All communications in electronic format will be considered to be in "writing". Your consent to receive communications electronically is valid until you revoke your consent by notifying of your decision to do so. If you revoke your consent to receive communications electronically, the Facilities Provider shall have the right to terminate the facilities.

Assignment

You shall not assign your rights and obligations under this Agreement to any other party. The Website may assign or delegate its rights and/or obligations under this Agreement to any other party in future, directly or indirectly, or to an affiliated or group company.

Legal Disclaimers

The information provided on or through the Website is for general guidance and information purposes only and they do not in any manner indicate any assurance or opinion of any manner whatsoever. Any information may be prone to shortcomings, defects or inaccuracies due to technical reasons. Certain information on Website may be on the basis of our own appraisal of the applicable facts, law and regulations in force at the date hereof.

The information (and opinions, if any) contained on the Website may have been obtained from public sources believed to be reliable and numerous factors may affect the information provided, which may or may not have been taken into account. The information provided may therefore vary (significantly) from information obtained from other sources or other market participants. Any reference to past performance in the information should not be taken as an indication of future performance. The information is dependent on various assumptions, individual preferences and other factors and thus, results or analyses cannot be construed to be entirely accurate and may not be suitable for all categories of users. Hence, they should not be solely relied on when making investment decisions. Your investment or financial decision shall always be at your own discretion and based on your independent research; and nothing contained on the Website or in any information would construe ABCL/ABC Companies or any of its employees/authorized representative as having been in any way involved in your decision making process. Any information and commentaries provided on the Website are not meant to be an endorsement or offering of any stock or investment advice.

Nothing contained herein is to be construed as a recommendation to use any product, process, equipment or formulation, in conflict with any patent, or otherwise and Facilities Provider / ABCL/ABC Companies makes no representation or warranty, express or implied that, the use thereof will not infringe any patent, or otherwise. Information on this Website sourced from experts or third party service providers, which may also include reference to any ABCL Affiliate. However, any such information shall not be construed to represent that they belong or represent or are endorsed by the views of the Facilities Provider or ABC Companies. Any information provided or sourced from ABCL Affiliate belongs to them. ABCL is an independent entity and such information from any ABCL Affiliate are not in any manner intended or to be construed as being endorsed by ABCL or Facilities Provider. The information does not constitute investment or financial advice or advice to buy or sell, or to endorse or solicitation to buy or sell any securities or other financial instrument for any reason whatsoever. Nothing on the Website or information is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment or a solicitation of any type. Investment in the securities market and any financial instruments are inherently risky and you shall always assume complete and full responsibility for the outcomes of all the financial or investment decisions that you make, including but not limited to loss of capital. You are therefore advised to obtain your own applicable legal, accounting, tax or other professional advice or facilities before taking or considering an investment or financial decision.

No Solicitation

No Information at this Website shall constitute an invitation to invest in ABCL or any ABC Companies. These are meant for general information only or to meet statutory requirements or disclosures. ABCL or any of its employees are in no way liable for the use of the information by you, when making any decision or investing or trading through any investment vehicles or ABC Companies, or any other third party which may be engaged in offering of these services.

The information contained on this Website does not represent and should not be used to construe (i) the terms on which a new transaction would be entered into by ABCL or ABC Companies, (ii) the terms on which any existing transactions could be unwound by ABCL or ABC Companies, (iii) the calculation or estimate of an  amount that would be payable following an early termination of any past/existing transactions or (iv) the valuations given to any transactions by ABCL or ABC Companies in their books of account for financial reporting, credit or risk management purposes.

Statutory Disclosure

ABCL and ABC Companies are engaged in a broad spectrum of activities in the financial services sectors. You understand and acknowledge that Aditya Birla Money Limited (‘ABML’), Aditya Birla Finance Limited (‘ABFL’) and Aditya Birla Sun Life Asset Management Company Limited and trustees and sponsor of Aditya Birla Sun Life Mutual Fund (‘ABSLMF’) are group companies and ABML / ABFL also acts as a distributor of ABSLMF.  Any recommendation or reference of schemes of ABSLMF if any made or referred on the Website, the same is based on the standard evaluation and selection process, which would apply uniformly for all mutual fund schemes. You are free to choose the execution facilities in the manner deemed fit and proper and no commission will be paid by ABSLMF to ABML / ABFL if you choose to execute a transaction with ABSLMF on the Website, unless otherwise agreed by you and ABML/ABFL separately. Information about ABML/ABFL, its businesses and the details of commission structure receivable from asset management companies to ABML/ABFL, are also available on their respective Website.

Similarly Aditya Birla Money Insurance Advisory Services Limited and Aditya Birla Insurance Brokers Limited are insurance intermediaries and engaged in the distribution of Insurance Products and it may services may include products of Aditya Birla Sun Life Insurance Company Limited and Aditya Birla Health Insurance Company Limited. However there is no conflict on these services and commissions if any payable are in accordance of the extant regulations.

Force Majeure

The Facilities Provider, ABC Companies and any of its Third Party Service Providers shall not be liable for any delay or failure in performance resulting directly or indirectly from acts of nature, forces, or causes beyond their reasonable control, including, without limitation, Internet failures, computer equipment failures, telecommunication equipment failures, other equipment failures, electrical power failures, strikes, virus, other malicious computer code, hacking, labour disputes, riots, insurrections, civil disturbances, shortages of labour or materials, fires, flood, storms, explosions, acts of God, war, earthquake, governmental actions, orders of domestic or foreign courts or tribunals, non-performance of third parties, or loss of or fluctuations in heat, light, or air conditioning.

Indemnification

You agree to protect and fully compensate Facilities Provider, ABCL, ABC Companies, subsidiaries, licensors, suppliers and facilities providers, employees, officers and directors, from any and all third party claims, liability, damages, expenses and costs (including but not limited to reasonable attorneys fees) caused by or arising from your use of the facilities, your violation of the Terms of Use or your infringement, or infringement by any other user of your account, of any intellectual property or other right of anyone.

No Waiver

The Facilities Provider, ABC Companies or any of its third party service providers and processor bank/merchants etc. shall not be deemed to have waived any of its/their rights or remedies hereunder, unless such waiver is in writing. No delay or omission on the part of Facilities Providers and ABC Companies, in exercising any rights or remedies shall operate as a waiver of such rights or remedies or any other rights or remedies. A waiver on any one occasion shall not be construed as a bar or waiver of any rights or remedies on future occasions.

Exclusive Agreement

You agree that these Terms of Use are the complete and exclusive statement of agreement supersede any proposal or prior agreement, oral or written, and any other communications between you and the Facilities Provider and its Third Party Service Providers or processor bank/merchants relating to the subject matter of these Terms of Use. These Terms of Use, as the same may be amended from time to time, will prevail over any subsequent oral communications between you and the Website and/or the processor bank.

Termination

Either party can terminate this Agreement by notifying the other party in writing. Upon such termination You will not be able to use the facilities of this Website.

Governing Law and Jurisdiction

The Website specifically prohibits you from usage of any of its facilities in any countries or jurisdictions that do not corroborate to all stipulations of these Terms of Use. The Website is specifically for users in the territory of India. In case of any dispute, either judicial or quasi-judicial, the same will be subject to the laws of India, with the courts in Mumbai having exclusive jurisdiction.

These Terms and Conditions are governed by and to be interpreted in accordance with laws of India, without regard to the choice or conflicts of law provisions of any jurisdiction. You agree, in the event of any dispute arising in relation to these Terms and Conditions or any dispute arising in relation to the Website whether in contract or tort or otherwise, to submit to the jurisdiction of the courts located at Mumbai, India for the resolution of all such disputes.

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