There are many outbreaks and pandemics we have faced as humans. They taught us many lessons, one of which is to prioritise our health. It includes taking steps for the well-being of your loved ones as well. Apart from following healthy lifestyle habits, ensure that your health policy covers you and your family members.
Considering the sharp increase in health care costs, the complexity of healthcare covers, and high premium rates, the Insurance Regulatory and Development Authority of India launched the Arogya Sanjeevani health insurance policy on April 1, 2020. It is a simple and affordable insurance product for all economic sectors of India.
The coverage
All general insurance providers in the country offer this policy with basic health insurance between Rs. 1 lakh and Rs. 5 lakh. It covers hospitalisation expenses, COVID-19 treatment, AYUSH treatment, daycare procedures, and more. This comprehensive plan helps you avail of quality and timely treatment without financial worries.
Health insurance helps you meet medical expenses without compromising your savings and future requirements. The plan includes individual and family floater coverage. You can gain many benefits by buying it from your insurance provider.
Simplicity
This health plan has standard features and offers uniform coverage. There are some terms and conditions that are relatively easy to understand. The clarity makes the policy purchase and claim filing process convenient and hassle-free.
Comprehensive coverage
It covers all hospital expenses, AYUSH treatment, cataract surgeries, and dental treatment. You also get pre-hospitalisation and post-hospitalisation covers, daycare procedure covers, and ambulance covers. It provides financial protection against different types of medical expenses.
No Claim Bonus
No Claim Bonus or NCB is an additional benefit you gain when you buy Arogya Sanjeevani health insurance. If you do not file for any claims during the policy term, you earn a 5% no claim bonus for health insurance. This bonus is a discount on your policy premium, which accumulates to 50% over multiple years.
Affordability
This health plan provides limited coverage at affordable premium rates. Hence, this reasonably priced policy helps you access quality healthcare for yourself and your family.
Flexibility
It is an essential and distinct benefit of the policy. You can pay the premium in flexible instalments. Also, you can extend the policy coverage to different family relations, such as in-laws.
Renewability
Before buying any insurance plan, check the policy documents thoroughly for its coverage, benefits, renewability, etc. The Arogya Sanjeevani health insurance is valid for one year. After policy term completion, you may either pay the premium and renew it or discontinue the plan.
Conclusion
With so many health ailments rising each day, choosing a suitable health insurance cover with affordable premiums has become necessary. This plan covers all the required criteria and has increased demand.
