5 Pointers To Note About the Newly Introduced Indemnity-Based Health Insurance Plan-Arogya Sanjeevani Policy

It is every person’s right to have the medical care that they require. However, with the increasing cost of healthcare in India, having a comprehensive health insurance policy has become more important than ever. Health insurance policies provide financial protection during medical emergencies, ensuring that you and your family do not have to worry about the cost of treatment. However, a large number of health insurance policies in the market can make it challenging to choose the right one. For most people, the right policy is one that suits their healthcare needs and budget. An example of one such policy is the Arogya Sanjeevani Policy.  

What is Arogya Sanjeevani Policy?*#

The Arogya Sanjeevani Policy is a standard health insurance policy introduced by the Insurance Regulatory and Development Authority of India (IRDAI) in 2020. This policy is available for individuals and families and provides coverage for hospitalization expenses such as room rent, ICU charges, doctor's fees, surgery charges, and more. The policy covers pre-hospitalization and post-hospitalization expenses and has an initial waiting period of only 30 days for illnesses.^ ^Claims are subject to terms and conditions set forth under health insurance policy.  

Things to know about Arogya Sanjeevani Policy##

Here are few points you should know about the Arogya Sanjeevani Policy:

·         Comprehensive Coverage*

One of the most significant benefits of the Arogya Sanjeevani Policy is that it provides comprehensive coverage for hospitalization expenses, including room rent, doctor's fees, and more. The policy also covers pre-hospitalization and post-hospitalization expenses, making it a comprehensive health insurance plan. The policyholders can avail of cashless treatment at network hospitals, making it convenient for them to avail of healthcare services.^ ^Claims are subject to terms and conditions set forth under health insurance policy.

·         Flexibility in Coverage*

The policy is available for individuals and families, with a sum insured ranging from Rs 1 lakh to Rs 5 lakhs. The policy has a waiting period of only 30 days for illnesses, which is one of the shortest waiting periods in India. Additionally, policyholders can renew the policy for a lifetime. The policy provides flexibility in choosing the sum insured based on the policyholder's healthcare needs and budget.^ ^Claims are subject to terms and conditions set forth under health insurance policy.

·         Health Insurance Premium Calculator

The policy allows policyholders to avail of a health insurance premium calculator to calculate the premium amount based on their age, sum insured, and other factors. This feature can help policyholders choose the best policy that suits their healthcare needs and budget. Policyholders can also choose to pay the premium in installments, making it convenient for them to manage their finances.

·         Comparison and Careful Consideration

Policyholders should compare policies from different insurers and read the policy document carefully before buying the policy. They should also consider the premium amount, waiting period, and other factors before choosing the policy that suits their healthcare needs. Additionally, policyholders should be aware of the exclusions of the policy and ensure that they understand the terms and conditions of the policy.

Pros of Arogya Sanjeevani Policy##

Here are a few advantages of Arogya Sanjeevani Policy:

·         Simplicity

This health plan has standard features and uniform coverage. The plan’s fixed terms and conditions are simple to understand. This makes it easier to purchase the policy and file a claim when required.^ ^Claims are subject to terms and conditions set forth under health insurance policy.

·         Affordable

The Arogya Sanjeevani health policy offers a set amount of coverage for an affordable premium.* This allows you to access quality healthcare at a reasonable price.^ Moreover, this applies to yourself and your loved ones. ^Claims are subject to terms and conditions set forth under health insurance policy.

·         Flexibility

This is an important and distinct benefit of the policy. The plan allows you to make premium payments in flexible instalments. Moreover, the coverage is not limited to just immediate family. You can extend it to extended family relations, such as in-laws.*^ ^Claims are subject to terms and conditions set forth under health insurance policy.

·         Renewability

The Arogya Sanjeevani health policy has a validity of one year. After policy term completion, you may either pay the premium and renew it or discontinue the plan.  

Conclusion

In conclusion, the Arogya Sanjeevani Policy is a newly introduced indemnity-based health insurance plan that provides comprehensive coverage for hospitalization expenses. It is a simple and affordable policy that is ideal for first-time health insurance buyers. The policy offers flexibility in coverage and a short waiting period, making it a unique and attractive option.##* The policy is available for individuals and families, and policyholders can choose the sum insured based on their healthcare needs and budget. The policyholders can also renew the policy for a lifetime, providing long-term coverage and financial protection.* However, it is always important to compare policies from different insurers, read the policy document carefully, and consider the premium amount, waiting period, and other factors before choosing a policy that suits your healthcare needs. With its simple features and comprehensive coverage, the Arogya Sanjeevani Policy can provide much-needed financial protection during medical emergencies, and we recommend that everyone consider buying this policy to ensure that they are adequately covered.*   *Standard T&C Apply #Visit the official website of IRDAI for further details. ##All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.