Tuesday, March 04, 2025 | 08:04 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Irdai allows insurers more flexibility on Arogya Sanjeevani sum insured

Insurers can offer sum insured of less than Rs 1 lakh, while the maximum can exceed Rs 5 lakh. Insurers could earlier offer policies only in the Ra 1-5 lakh sum insured range

Opting for EMI on health insurance premiums? You may end up paying more
Premium

Despite being a standard product, the insurer are free to price it according to their risk assessment. The regulator had asked the insurers to offer this product by April 1, 2020.

Subrata Panda Mumbai
You can now buy a cover of more than Rs 5 lakh under Arogya Sanjeevani, the standard health insurance policy, with the regulator removing the cap on maximum sum insured.

The Insurance Regulatory and Development Authority of India (Irdai) has also removed the mandate on minimum sum insured of Rs 1 lakh under the policy, allowing customers to buy a basic cover of Rs 50,000.

In January, Irdai had mandated all general and health insurers to offer a standardised health cover with minimum sum insured of Rs 1 lakh and maximum Rs 5 lakh.

“To further facilitate the general public, insurers are hereby

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in