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09-04-2021 | 12:36 PM

Aarogya Sanjeevani Policy

• The Insurance Regulatory and Development Authority of India asked health and general insurers to offer products to cover the basic health needs of clients by offering them a minimum of Rs 1 lakh and the maximum sum insured of Rs 5 lakh.
• The product will be called Aarogya Sanjeevani Policy succeeded by the name of the insurance company.

Key Features:

• The policy is compulsory for all health insurance companies. IRDAI has set up the premium for the policy in between Rs 1000 to Rs 5000.
• The policy will cover the amount between 1 lakh to 5 lakhs. It is also offered to insured persons in multiples of 50,000.
• Under the policy, the insurance companies will not impose the deductible. The insurance companies will also not provide the claim bonus of 5 percent every year with a maximum of 50 percent.
• A person lying between the age of 18 years to 65 years of age can get this policy. It will cover the 2% of the insurance cover for room rent during hospitalization.