Arogya Sanjeevani Policy

arogya sanjeevani policy

 

Arogya Sanjeevani is a newly standard health insurance policy by the Insurance Regulatory and Development Authority of India from April 01-2020.Target of this plan is to simplify health insurance for people by providing them with a basic and standard plan that will be offered by all health insurance companies with exactly the same benefits.

 

Types of Arogya Sanjeevani Policy

1. Individual Plan

This is a type of plan which allows only one policyholder as the beneficiary.

 

2. Family Floater Plan

The proposer can include their legally- wedded spouse, dependent children, parents, under the plan for a fixed sum insured against a single premium.

Eligibility for Arogya Sanjeevani Health Insurance policy

 

Minimum age for the Arogya Sanjeevani policy is 18 years and the maximum age allowed under the plan is 65 years. The minimum age for children is 3 months, whereas the maximum age allowed for children is 25 years. If the child above 18 years of age is financially independent.

Features of Arogya Sanjeevani policy

1.   No Medical check-up Up to age of 45 years.

For this plan, no medical check-ups are required for people who are not older than 45 years and have no medical history.

2.   Sum Insured Options

The sum insured under the Arogya Sanjeevani Policy ranges from a minimum of rs.1, 00,000 to a maximum of Rs. 5,00,000 in multiples of Rs. 50,000.

 

3. Annual policy

Arogya Saneevani Policy is an annual policy; it comes with a tenure of one year .It can be renewed anytime without any restriction on the age of the policyholder.

3.   Cumulative Bonus

For every claim-free year, the policyholder gets rewarded with a 50% bonus of the sum insured. No claim bonus is calculated on a cumulated basis and can go up to 50%.

5. Waiting Period

Arogya Sanjeevani Policy comes with a waiting period of 30 days for all illnesses except accidents. This exclusion is however if the insured person has continuous coverage for more than 12 months.