A health insurance policy helps an entire family to meet unexpected medical & health uncertainty costs. But health insurance penetration & acceptance in India is very low, to bridge this gap, country’s Insurance regulator, IRDAI has introduced standard health cover policy that will be offered by all the general & health insurance companies in India & will be known as Arogya Sanjeevani health plan.

With multiple health plans available in the market, buyers often get confused and do not know how to compare them. To encourage more people to purchase health insurance IRDAI mandated all health insurance provider to offer standard health insurance policy with same benefits with a maximum cover amount of ₹5 lakh. Arogya Sanjeevani plans will be available as on 1st April 2020. This plan will create standardization of health plans create an ease for customer to understand & compare them. It will surely simplify health insurance as a product for a customer.

Should I buy Arogya Sanjeevani health plan?

Arogya Sanjeevani, standard health plan is very good entry level plan because it is standardised and doesn’t require too much research. An individual with low income & doesn’t have any dependents must consider because it is very affordable and will help them shoulder the basic hospitalisation costs to a large extent.Later, if the buyer wants a more evolved plan and can pay a higher premium, he can easily port to other regular health insurance plans.
Health insurance is no longer a luxury, but a necessity and this standard health insurance is best for first time buyers.