The Centre will likely cap annual premium outgo for the ambitious Pradhan Mantri Jan Arogya Yojana (PM-JAY) at Rs 1,110/family, to provide Rs 5-lakh-a-year health cover to 10.74 crore households. The Niti Aayog had earlier estimated the premium at Rs 1,000-1,200. Between them, the Centre and states will share the scheme’s estimated annual cost of around Rs 12,000 crore in a 6:4 ratio.