The Arogya Sanjeevani health insurance policy was brought into being by the IRDAI (Insurance Regulatory and Development Authority of India) as a means of simplifying medical insurance in the country. This health insurance policy has standard terms of coverage that are offered by insurance providers in India. The reasonably priced premiums of the Arogya Sanjeevani health insurance policy aim to ensure that more people come into the protective fold of health insurance.
As this health insurance policy is relatively new in the market, there are many questions with regards to the coverage that is offered. In this article, we answer 7 frequently asked questions on the Arogya Sanjeevani health insurance policy just for you.
- How much is the sum insured in the Arogya Sanjeevani health insurance policy?
The maximum coverage that you can get with the Arogya Sanjeevani health insurance policy is Rs 5 lakhs. The minimum sum insured that you can apply for is Rs 1 lakh.
- What is the waiting period in the policy?
The Arogya Sanjeevani health insurance policy has an initial waiting period of 30 days from the date of policy purchase. Pre-existing diseases will receive coverage only after 48 months. Furthermore, certain illnesses listed in the policy will receive coverage only after 24 months.
- Can I buy the Arogya Sanjeevani health insurance policy as a family floater plan?
Yes, you can buy the Arogya Sanjeevani policy as a family floater plan too. Under the family floater option, you are allowed to purchase coverage for immediate family members including your spouse, parents, dependent children, and parents-in-law.
- What is the age limit for purchasing this policy?
You need to be aged between 18 to 65 years to be able to purchase the coverage of the Arogya Sanjeevani policy. Once you have an active policy, you can keep renewing it for life.
- What is the coverage offered for pre- and post-hospitalisation costs?
The Arogya Sanjeevani health insurance policy includes coverage for pre-hospitalisation expenditures for a period of 30 days and post-hospitalisation expenditures for a period of 60 days.
- Does the Arogya Sanjeevani policy cover COVID 19?
Yes, all policyholders of Arogya Sanjeevani will receive coverage for COVID 19 treatment within the terms of the policy.
- Is there a co-payment clause in the Arogya Sanjeevani policy?
Yes, this health insurance policy requires a co-payment of 5% from the insured person.
If do not already have health insurance, the Arogya Sanjeevani policy can prove to be a real boon for you. Remember that having adequate medical coverage in place can truly protect your savings during a sudden illness that requires hospitalisation. Afterall, the high costs of medical treatments these days can prove to be unaffordable for most of us. So, make sure to buy health insurance for yourself and your loved ones so that you can stay protected no matter what happens.
We hope this article has helped you in your understanding of the Arogya Sanjeevani health insurance policy. Take care.
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