Arogya Sanjeevani Policy: Benefits & Features

Arogya Sanjeevani Policy: Benefits & Features

With the increasing medical inflation, a huge number of lifestyle-related diseases, and the outbreak of different new viral infections, is taking your medical expenses on higher levels that may turn your financial planning upside down. Here, Arogya Sanjeevani Policy can be a perfect tool to deal with the situation. It is a basic health insurance policy that provides coverage medical/hospitalization expenses up to Rs. 5 lakh.

Arogya Sanjeevani Policy brings comprehensive health care at an affordable premium. It covers the cost of hospitalization, surgeon's fees, consultation charges, feeds of specialists, anesthetists, etc.

In India, most of the health insurance policies are valid for up to 60 years of age and go up to 80 years. But this insurance policy has no age limit and one can make claim throughout the lifetime. Furthermore, it has common wordings of the policy throughout all the industries that reduce the chances of common people getting confused and it comes up with a unique feature of seamless portability. Here are some major features and benefits provided under this policy:

Sum Assured

The minimum sum assured for this policy is Rs. 1 lakhs and the maximum sum assured is Rs. 5 lakhs i.e. in the multiple of Rs. 50,000. For individuals, the sum assured is applicable for one member and under a floater plan, the sum assured would be applicable for the entire family.

Premium Payment Frequency

You are free to pay the premium of the Arogya Sanjeevani Policy monthly, quarterly, half-yearly, and yearly basis. There will be a uniform premium pricing and the premium will be determined on the PAN India basis. No pricing based on geographic locations is allowed. ]

Waiting Period

There are two kinds of the waiting period in this health insurance policy.

Diseases like Cataract and age-related eye issues, benign ENT disorders, Gastric ulcer, cysts, polyps, spinal diseases except those from the accident and many others have a waiting period of 24 months.

Joint replacement treatment unless those from an accident, Osteoporosis and age-related Osteoarthritis have a waiting period of 48 months.

Cashless Hospitalization Expenses

It provides cashless hospitalization up to the maximum sum insured of Rs 5 lakhs with ambulance cover-up to Rs.2000/- per hospitalization. It takes care of all sorts of hospitalization expenses, medical costs and treatment. So you can easily focus on your recovery while the policy provider will manage your medical bills.

Perfect for First-time Buyers

If this is the first time you are going to buy health insurance, it is a perfect stepping. Arogya Sanjeevani Policy is an ideal choice for first-time health insurance buyers as he can have a wide assortment of coverage at the minimum price without the hassles of understanding the pros and cons of different kinds of health plans.

Policy Period

Arogya Sanjeevani Policy Health Plan is offered for a policy period of one year after which it needs to be renewed.

Annual Policy

Arogya Sanjeevani Policy brings an annual policy, i.e. it provides with tenure of one year. The policy comes up with a feature of lifetime renewability, thus; it can be renewed anytime without any restriction on the age of the policyholder.

No More Confusion

The unique fact about Arogya Sanjeevani Policy is that it eliminates the scope of any confusion; that may arise in the minds of a policyholder. As the same level of coverage and the terms & conditions are provided by all the insurance companies in India.

AYUSH Treatment

The expenses incurred for alternate treatment methods such as AYUSH (Ayurveda, Unani, Siddha, and Homeopathy) are covered up to sum insured. Means, it provides you with an option to take other medical treatments also in case allopathic does not suit you.

Grace Period

When you decide to pay the policy premium on a yearly basis, you are given a grace period of 30 days to pay the premium which is due. For the other premium payment modes, i.e. monthly quarterly and half-yearly a grace period of 15 days are allowed.

No Claim Bonus

In the condition of a claim-free policy year, the sum assured is increased by 5% provided the insurance policy is renewed every year continuously for 5 years subject to a maximum of 50% of the sum assured.

Last Verdict

Arogya Sanjeevani Policy is a great initiative for bringing awareness among common people for health insurance and an affordable option with comprehensive health coverage. Royal Sundaram believes that every Indian should be protected by health insurance and offers this policy at an unbelievable price.

The Arogya Sanjeevani Policy by Royal Sundaram protects you from expenses during hospitalization, AYUSH Treatment, Cataract Treatment, Modern or New-Age Treatments, Expenses before and after hospitalization, and Cumulative Bonus.

The firm ensures you for painless claims, affordable premiums and it is trusted by over 5 million Indians. To know more about the policy, check Arogya Sanjeevani Policy at Royal Sundaram.

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