If you are mostly boggled down feeling confused about the immense number of health insurance policy covers available out there, then you are not alone! People are known to safeguard the respective financial interests with the help of a reliable insurance cover that offers monetary support during emergency times.
The IRDAI (Insurance Regulatory & Development Authority of India) has been urging the Insurance companies to develop insurance products that are highly affordable as well as easy to understand. As health insurance policies can be quite confusing for many due to the number of paperwork involved, IRDAI has delivered specific guidelines for the existing health insurance companies for the creation of a standard health insurance product. This is referred to as the “Arogya Sanjeevani Policy.”
It can be referred to as a standard health insurance plan that is provided by various health insurance companies in India. The policy is presented by abiding to the respective guidelines by the IRDAI. A typical Arogya Sanjeevani Policy is known to cover two basic types of plans:
Arogya Sanjeevani Policy can be regarded as the “all-in-one” health insurance plan that aims at taking care of the specific financial requirements during emergency times.
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The policy is known to provide access to a wide Range of potential benefits to the respective policyholders based on the type of plan that has been purchased. The policy was lately launched on 1st April, 2020.
Let us have a peek into various insurance companies Offering the Arogya Sanjeevani Policy-
|Insurance Company||premium Rates||Benefits|
|SBI Arogya Sanjeevani Policy||Rs. 8,900, Rs. 13,350 or Rs. 17,800 per annum respectively for a sum Insured of Rs. 1/ Rs. 2 or Rs. 3 lakhs||Outpatient treatment, pre & post-hospitalisation coverage, coverage for the entire family|
|Religare Health Insurance- Arogya Sanjeevani Policy||Up to 25% of sum insured or Rs. 40, 000||Hospitalisation expenses, AYUSH Treatment, pre & post-hospitalisation|
|New India Assurance- Arogya Sanjeevani Policy||Rs. 1 lac to Rs. 5 lacs in multiples of Rs.50000||AYUSH treatments, pre & post hospitalisation charges|
|Royal Sundaram- Arogya Sanjeevani Policy||Limit of 25% of Sum insured or Rs. 40,000||Policy for the entire family, pre & post hospitalisation expenses, multiple treatments covered|
The insurance company is responsible for covering the overall cost of treatment due to hospitalisation preparation for some ailment. As per the specific terms of the given insurance policy, you can look forward to receiving the benefit for around 30 days before you are hospitalised.
Under the given policy, you can claim the overall cost of treatment upon hospitalisation from the respective insurer. Various expenses like the hospital stay, bed expenses, nursing charges, and so more come under the given coverage.
Some ailment or surgeries might require continuous treatment upon getting discharged from the hospital. Arogya Sanjeevani Policy aims at covering such expenses under the post-hospitalisation coverage.
In addition to these coverages, some of the additional covers provided by the Arogya Sanjeevani Policy are:
An individual who is aged between 18 & 65 years of age can apply for the Arogya Sanjeevani Policy. On the Basis of the total size of your family, you can consider buying the given insurance plan for the respective dependent children aged between 3 & 25 years.
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