Today, health remains one of the top concerns for people of all economic classes. With the increasing incidence of diseases and rising cost of healthcare, it has become crucial to plan a way to meet medical expenses. While several insurance providers extend health insurance policies, one of the most notable and low-cost plans that people can consider is the Arogya Sanjeevani Policy. It was launched by the Insurance Regulatory and Development Authority of India.
Since its introduction in 2020, the policy has gathered much attention in the health insurance market. Its high affordability and widespread coverage have drawn people’s affinity towards it. If you are still looking for a suitable health cover, here are the details related to the Arogya Sanjeevani Policy which you should know for making an informed selection.
What is Arogya Sanjeevani Policy?
Arogya Sanjeevani Policy is a standard health insurance policy offered by all general insurance companies in India. It provides basic health insurance with a coverage value ranging from INR 1 lakh to INR 5 lakhs annually. The policy covers the expenses of COVID-19 treatment, hospitalisation, daycare procedures, AYUSH treatment, etc. Arogya Sanjeevani does not have any add-ons.
Plans in Arogya Sanjeevani Policy
Arogya Sanjeevani Policy offers two types of plans. They include –
- Family health insurance: This plan provides coverage to all family members under a single plan. It is issued to a single policyholder but all the family members become beneficiaries of the plan.
- Individual plan: This policy provides coverage to only one individual, the policyholder.
What are Covered Under the Policy?
The popular coverage benefits available under the Arogya Sanjeevani Policy include the following –
- Pre and post-hospitalisation expenses: The policy covers medical expenses incurred by the policyholder during the last 30 days before getting admitted to a hospital. The medical cost for 60 days from the date of discharge is also covered.
- Hospital bill: The insurance plan also covers hospital bills, which can include the charges for medicines, nursing care, doctor consultations, blood, oxygen, diagnostic tests, etc. related to the treatment of a certain illness.
- Room rent: The policy also covers room rents up to 2% of the sum insured, a maximum of INR 5000 per day.
- Day care treatment: The policy covers all kinds of day care treatments.
- AYUSH treatment: The policy also provides coverage for expenses met under the AYUSH treatment system.
- ICU or ICCU expenses: If ICU or ICCU facilities are required during the treatment, claims for the room expenses can be made. The policy will cover those fees up to 5% of the total sum insured, a maximum of INR 10,000 per day.
- Coverage for other new-age treatments: The policy also covers the expenses for new-age medical treatments like deep brain stimulation, robotic surgeries, balloon sinuplasty, etc. The claims are limited to 50% of the total sum insured.
Top Benefits of the Policy
The top advantages of the Aarogya Sanjeevani Policy include the following:
- The premium paid for the Aarogya Sanjeevani Policy can be claimed as a deduction during income tax return filing annually.
- For each unclaimed year, the policyholder will get a 5% no-claim bonus, which is offered as a reduction in premium.
- The policy’s co-payment percentage is very low at 5%.
- The premium can be paid in instalments
- The policyholder can extend the coverage to include any family members
Conclusion
The outstanding markers of a good health insurance plan are affordability and the extent of coverage it provides. The Aarogya Sanjeevani Policy fits both of these parameters, making it one of the best plans for individuals and families. It is a great fit for middle-income families. Arogya Sanjeevani is also easily purchasable and affordable owing to its low premium, option for payment in installments, and zero complicated insurance terms and conditions.
