Why is the Arogya Sanjeevani Policy important?

Arogya Sanjeevani Health Insurance Policy is a standard health insurance product launched by IRDAI. It is a comprehensive health insurance plan with an affordable premium. Arogya Sanjeevanu Policy is an effort made by the government to promote financial security against medical expenses. It also aids in boosting access to medical facilities and increased the affordability of medical treatment.

This policy comes with a coverage ranging from 5 lakhs to 10 lakhs. This includes in-patient treatment, pre and post-hospitalisation, room rent, intensive care unit and alternative medicine treatment.

What is Arogya Sanjeevani Policy?

The Arogya Sanjeevani Policy is a health insurance product introduced by the Insurance Regulatory and Development Authority (IRDAI) on April 1, 2020. It is designed to simplify the health insurance process for people by offering a basic and standard plan. This policy is available from all health insurance providers, with the same set of benefits.
The key feature of the Arogya Sanjeevani Policy is that it is a standard plan, which means that it has the same benefits across all health insurance providers. The only difference is the premium quoted and services offered during the purchase process, claim settlement, and other related processes.

Understanding the importance of Arogya Sanjeevani Policy

The Arogya Sanjeevani policy could prove to be a game-changer for the following reasons:

1. Comprehensive coverage
One of the key benefits of the Arogya Sanjeevani Policy is its comprehensive coverage. The policy covers hospitalization expenses, including room rent, doctor’s fees, and medical tests, among others. It also covers expenses related to daycare procedures, AYUSH treatments, and pre and post-hospitalization expenses.
Additionally, the policy covers ambulance charges up to a certain limit. Even modern medical treatments like stem cell treatments are covered under it. This wide range of coverage ensures that the policyholders are not burdened with high medical expenses in case of any medical emergency.

2. Affordable Premiums
The Arogya Sanjeevani Policy is designed to cater to the healthcare needs of the common man and offers a range of benefits at affordable premiums. The premium for this policy is comparatively much lower.

3. Low Co-Payment
Most health insurance plans have a co-payment requirement of 10%. Co-payment is a clause in the health insurance policy, where the policyholder is required to pay a certain percentage of the medical expenses out of their pocket. However, in the case of the Arogya Sanjeevani Policy, this is 5%.

4. No Zone pricing
Zone pricing is a practice where the insurance premium is based on the geographic location of the insured. The Arogya Sanjeevani health insurance scheme does not employ zone-based pricing. This implies that the premium rate will remain constant regardless of the city’s zone. Therefore, whether you reside in metropolitan or tier-2 cities, the premium will remain the same. This sets it apart from other health insurance policies available in India.

5. No confusion
The Arogya Sanjeevani Policy eliminates product confusion by offering a standardized policy across all insurers. This means that the policy features and benefits remain the same, regardless of the insurer. This eliminates the need to compare policies. People can easily make informed decisions about their healthcare coverage.

Conclusion
In conclusion, the Arogya Sanjeevani Policy is an important health insurance policy that offers comprehensive coverage at affordable premiums. Its wide range of coverage and low co-payment clause ensures that policyholders are not burdened with high medical expenses in case of a medical emergency. Overall, the Arogya Sanjeevani Policy is a game-changer in the Indian health insurance sector, making healthcare accessible and affordable for everyone.