Arogya Sanjeevani policy a standard health insurance product by IRDAI

Arogya Sanjeevani policy a standard health insurance product by IRDAI

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Arogya Sanjeevani policy  a standard health insurance product by IRDAI

Why?

  • To reduce the burden of COVID-19 affected patients out of pocket expenditure

Who instructed?

  • Insurance Regulatory and Development Authority of India (IRDAI)

About IRDAI

  • Establishment– 1999 (autonomous body), 2000 (statutory body)
  • Headquarters– Hyderabad, Telangana
  • Chairman– Subhash C. Khuntia

What Arogya Sanjeevani policy says?

  • Coverage of hospitalization treatment costs of COVID-19 mandatory under Arogya Sanjeevani
  • Gave clearance to 29 general and health Insurance companies  under Arogya Sanjeevani.
  • Along with this, Indemnity based health insurance products also covered
  • This policy offers coverage of between Rs 1 lakh and Rs 5 lakh for a period of one year. It will be available in multiples of Rs 50,000
  • Eligible minimum age 18 years and maximum  Eligible age is 65 years

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