Health insurance is the need of the hour. As COVID-19 outbursts are increasing, having health insurance will come in handy. But, health insurance is expensive and comes with tons of procedures. The IRDAI has introduced the Arogya Sanjeevani health policy to help out the citizens, which is the most affordable health insurance that you can get.
The Arogya Sanjeevani is the cheapest health insurance policy that you can get in the market with just INR 7 per day. The health policy has a fixed sum of up to 5 lakhs. There are tons of things that this health insurance is providing to the people. If you are looking for a health insurance policy during this pandemic, then the Arogya Sanjeevani policy should be your choice.
What Does Arogya Sanjeevani Cover?
There are certain things that this health policy covers. Unlike other health insurance policies, Arogya Sanjeevani does not exclude senior citizens like parents and in-laws out of its insurance. You can either go for a single policy for each member or even opt for a family policy.
The Arogya Sanjeevani health policy will even cover your new-born child, assuring you that your child is protected. However, you need to be between 18 and 65 to buy this insurance policy.
Below are the things that this health insurance covers.
- Cataract surgeries
- Covers for AYUSH (Ayurveda, homeopathy, etc.) treatments
- Modern treatments like surgeries performed by robots and STEM cell treatment
- Pre-hospitalisation and post-hospitalisation charges
- ICU and ICCU charges
- Room charges
- Ambulance charges
- Day-care treatment charges
- Covers for dental surgeries and plastic surgeries
These are some of the things that the health insurance policy covers. This health insurance policy makes sure that you are covered during emergencies. Though the insurance has some limits, like it can only cover room rent up to INR 5000 per day, but it at least helps in covering the major amount.
Advantages Of Buying The Policy
Apart from the charges which the policy covers, there are other advantages too. Here are the major advantages that you can get from this health insurance policy.
Cumulative Bonus: The Arogya Sanjeevani policy provides you with a cumulative bonus of 5% for every unclaimed year subject to a maximum of 50% of the sum insured.
Lifetime Renewability: Unlike other medical insurance policies, the Arogya Sanjeevani Policy comes with the feature of lifetime renewability. If you renew the policy on time, then you would get all the benefits of the policy.
Low Premium Charges: Most health insurance policies charge a large amount for upgrading the policy to a premium one. The Arogya Sanjeevani policy comes with low premium charges. As it has been set by the IRDAI and is made for the common people, the premium charges are really low.
Low Co-payment: Unlike other health insurance policies, the Arogya Sanjeevani comes with a co-payment of 5%, which is really low. You only have to pay 5% of the expenses while the insurance covers the rest.
Best For First-Timers: If you are buying health insurance for the first time, then the Arogya Sanjeevani would be the best choice for you. It is cheap and covers major medical expenses.
These are some of the benefits of the Arogya Sanjeevani policy. This health insurance policy is made so that every citizen of India could benefit from having health insurance. It is affordable, and everyone can buy it.
What Does The Arogya Sanjeevani Policy Does Not Cover?
Though this health insurance policy has tons of benefits, there are certain things that we didn’t like. It is well known that a middle-class family consists of 4 to 5 members. With a family of 5 members, the insurance sum of 5 lakhs is not quite enough. The insurance policy is undoubtedly affordable, but it comes with a fixed amount, which might not be enough.
The medical charges are increasing day by day, and with the pandemic on the rise, the insurance might not be able to cover the whole family.
Other than that, there are certain things that this health insurance policy does not cover, which are stated below.
- Cosmetic surgeries
- Any Unproven treatments
- Does not cover any out-patient treatment
- Does not cover any treatment, which is not prescribed by the doctor
- Does not cover any self-inflicted injury
- Does not cover injuries due to nuclear attack or war
- Does not cover infertility and sterility treatment
- Not for gender change operations
These are some of the things that the insurance policy does not cover. Though the health insurance policy is not 100% fulfilling, it is quite good for people who need health insurance during the pandemic. The best thing about this policy is that it is cheap and everyone can afford it. The Arogya Sanjeevani policy is made for the people.