Is Arogya Sanjeevani Policy Good | Is Arogya Sanjeevani Health Insurance Policy Enough to Meet Your Medical Needs?

Arogya Sanjeevani is a well-designed health insurance policy launched by IRDA with the goal of addressing all of these flaws and ensuring that everyone has access to a standard health insurance coverage.

Arogya Sanjeevani Policy Highlights

Arogya Sanjeevani Policy Highlights
·         Expenses associated with hospitalization
·         Due to illnesses or injuries, dental treatment and plastic surgery are required.
·         Treatment for cataracts (with sub-limits).
·         Expenses for on-the-road ambulances and childcare, with a maximum limit of Rs 2,000 each hospitalization.
·         Expenses incurred prior to admission (30 days prior to day of hospitalization).
·         Expenses incurred upon release from the hospital (60 days after the date of discharge).
·         AYUSH treatment expenses.

Is the Arogya Sanjeevani Policy Enough to Meet Your Medical Needs?

The epidemic of the Coronavirus is a wake-up call for everyone. During the pandemic, health insurance became increasingly important. People have acknowledged the importance of it and are seeking for the best health insurance plan for them. As a result, in order to clear up any misunderstanding and ensure that everyone has access to healthcare, IRDAI has created the Arogya Sanjeevani Policy. It represents a fresh ray of hope for those who wish to safeguard themselves and their family but also have a lot of other financial obligations.

Arogya Sanjeevani Health Policy
Arogya Sanjeevani Health Policy

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What is the Arogya Sanjeevani Health Policy, and how does it work?

It is a type of basic health insurance that covers you in the event of a medical emergency. It covers your hospitalization and treatment costs up to the Sum Insured, much as other health insurance policies. The claim procedure, as well as the policy’s contents, exclusions, terms, and conditions, may change. The premium for Arogya Sanjeevani Health Insurance is very reasonable. So, do you think Arogya Sanjeevani Health Policy is sufficient for your health-care requirements?

To help you decide, you may read about its advantages and disadvantages here:.

Arogya Sanjeevani Policy Benefits

Arogya Sanjeevani Health Insurance helps you get out of this bind by providing you with a clear image of essential health coverage. Check out what it has in store for you:

• Standardized health coverage to meet your maximal health-care demands when your financial resources are constrained.

• Comprehensive coverage for hospitalization, Ayurvedic therapy, cataract treatment, pre- and post-hospitalization consultations, surgeon fees, ICU expenses, and contemporary treatment methods.

• The premium is inexpensive for first-time buyers or the finest health insurance coverage for those with limited financial resources.

Arogya Sanjeevani mediclaim Policy
Arogya Sanjeevani mediclaim Policy

• You may renew for as long as you like, with no age limits, and timely renewal helps you earn a cumulative bonus.

• Minimum co-payment, which is smaller than other health insurance policies at 5% of the claim amount.

• Advanced procedures including balloon sinuplasty, robotic operations, deep brain stimulation, stereotactic radio surgery, and stem cell therapy are covered.

• Income Tax Benefit under Section 80D of the Income Tax Act of India of 1961

Related: 11 Best Bank to Open Account in India : 2022 High Interest List

Arogya Sanjeevani Policy
Arogya Sanjeevani Policy

Arogya Sanjeevani Policy’s Limitations

Nonetheless, the policy is suitable for those seeking basic health insurance coverage at a low cost. It does, however, have the following limitations:

• The maximum sum insured is just Rs. 5 lakh, which is insufficient. It implies you’ll have to pay more if you need to undertake a costly procedure.

• No add-ons to expand the policy’s coverage, such as no-claim bonus super, foreign second opinion, PED wait time reduction, and so on.

• ICU Capping and Higher Room Room capping is 2 percent up to a maximum of Rs.5000, and ICU capping is 5 percent up to Rs.10,000.

Arogya Sanjeevani Policy Waiting Period

A waiting period is the period of time after which an insured person begins to receive the benefits of a health insurance plan. The waiting time applies to pre-existing ailments, newborn newborns, and a variety of other situations. The crucial point to note here is that the waiting time for pre-existing conditions is the longest possible. We all buy health insurance to help cover the costs of hospitalization, but no one looks forward to contracting a new ailment or condition in order to file a claim. Does that make sense? This encapsulates the absurdity of health insurance coverage.

Arogya Sanjeevani Policy Limit

As we become older, the number of hospital trips increases as well. It’s possible that medical aid may be most needed in latter years of life. However, most health insurance policies include an upper age restriction. Most health insurance policies have a maximum age restriction of 60 years, which means you’ll need a retirement plan to cover your medical bills in your 60s.

Every health insurance policy is unique. A few illnesses are covered by low-cost health insurance policies. In the vast majority of situations, even fundamental demands are not met.

Insurance coverage for health care are expensive! You may have to pay greater rates if you want an insurance with enough coverage. Even if you are saddled with an illness that isn’t covered by the plan, your claim will be denied. This means that even after purchasing a health insurance coverage, financial stability is not guaranteed.

Related: ICICI Zero Balance Account | ICICI Bank Savings A/c

Arogya Sanjeevani Health Insurance Policy Frequently Asked Questions

The IRDAI has introduced the Arogya Sanjeevani Health Insurance Policy as a fresh source of hope for those who wish to protect their health but don’t have the financial resources to do so. It is a type of basic health insurance that protects you in the event of a medical emergency.

Furthermore, the policy’s benefits are nearly identical to those of basic health insurance. However, the claim procedure, as well as the policy’s coverage, exclusions, terms, and conditions, may vary. Because this is a new health insurance policy, here are some brief answers to some common questions:

Q) Who may purchase an Arogya Sanjeevani Health Insurance Policy?

Ans: Arogya Sanjeevani Health Insurance Policy is available to everyone between the ages of 18 and 65.

Q) What is Arogya Sanjeevani’s highest sum insured offer?

Ans: Arogya Sanjeevani provides a maximum sum insured of Rs.5 lakhs.

Q) Is the Arogya Sanjeevani Policy inclusive of the waiting period?

Ans: The Arogya Sanjeevani Policy does have a waiting time. The first waiting time is 30 days, followed by a 24-month waiting period for certain disorders and a 48-month waiting period for pre-existing conditions. In the event of an accident, however, the waiting time does not apply.

Q) Is it possible for me to transfer my current health insurance policy to Arogya Sanjeevani Policy Care Health Insurance (Formerly Religare Health Insurance)?

Ans: Yes, following the procedures, you may simply migrate your old health insurance policy to Arogya Sanjeevani Policy Care Health Insurance. If the policy hasn’t expired, it’s doable. The procedure is straightforward and quick.

Q) Does the Arogya Sanjeevani Policy have a co-payment clause?

Ans: Yes, there is a co-payment condition in the Arogya Sanjeevani Policy. The IRDAI has imposed a minimum limit of 5% that policyholders must pay out of pocket when filing a claim.

Q) Can I extend my Arogya Sanjeevani Health Insurance sum covered above Rs.5 lakhs?

Ans: No, under Arogya Sanjeevani Health Insurance, the sum covered cannot exceed Rs.5 lakhs. The IRDAI has set a maximum amount insured limit.

Q) How long does the Arogya Sanjeevani Health Insurance Policy last?

Ans: The Arogya Sanjeevani Health Insurance Policy has a one-year term (policy term). It is simple to renew the coverage once the first term has expired.

Q) Is the Arogya Sanjeevani Policy worldwide in scope?

Ans: No, the Arogya Sanjeevani Policy does not encompass the whole world. It implies that if you are outside of India, you will be unable to file a claim for any medical emergency.

Q) How many members of your family can benefit from this policy?

Ans: You can insure two adults and three dependent children with this policy. You can also purchase this plan for your parents and parents-in-law.

Q) Does the Arogya Sanjeevani health plan cover pre-existing conditions?

Ans: Yes, the Arogya Sanjeevani health plan includes coverage for pre-existing conditions. There is, however, a 48-month waiting time condition. You can file a claim after this time limit has passed.

Conclusion

So, whether you’re low on cash or have recently started a new job, Arogya Sanjeevani Policy is the greatest way to safeguard your health and the health of your family. This policy provides comprehensive coverage, cashless payments, and modern treatment. It is the most cost-effective strategy for protecting both your health and your finances.

Arogya Sanjeevani Policy is a beam of light among the clouds of unpredictable medical emergency. Make minimal effort if you have aging parents, a dependent spouse, and children, and you are the family’s sole breadwinner. Choose from any of the popular health insurance companies to provide Arogya Sanjeevani Policy coverage for your family.

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