Articles 2043 views April 4, 2020


  1. IRDA has asked all the Insurance Companies to introduce a Standardized Health Insurance Policy known as Arogya Sanjeevani Policy.
  2. See the Benefits of introducing a Standardized Health Plan.
  3. Guidelines of IRDA Related to the Arogya Sanjeevani Policy.

Health Insurance

Please fill the details below and our policy experts will call you to help figure out the correct health insurance policy for your needs


The IRDA has standardized the Health Policy of Insurance companies. It clearly says that all the health insurance companies will have a standard term and condition of the health policy and it will cover the hospitalization cost of the Coronavirus Patients. The premium of this policy must be between INR1000 to INR5000 covering the risk of INR1 Lac and INR5 Lacs respectively. This policy will be launched from 1st April 2020 and this rule has come just to eliminate the confusion faced by the policy taker while comparing the same policy of different insurance companies. The name of the policy is the Arogya Sanjeevani Policy. This policy must be offered by all the insurance companies that deal with health insurance.

Guidelines by IRDA Regarding Arogya Sanjeevani Policy

  1. This Policy must be offered by all the health insurance companies
  2. The Premium of the Plan must be between INR 1000 to INR 5000.
  3. This Policy must cover the amount between INR 10000 to INR 5000.
  4. The Coverage will be in the multiple of INR 50000.
  5. All the insurance companies must not impose deductible on this policy.
  6. The insurance Company must give a 5% no claim bonus every year with a maximum of 50%.
  7. The age of taking this policy must be a maximum of 65 years and a minimum of 18 years.
  8. This Policy will compensate 2% of the Sum insured or INR 5000 (whichever is lower) for the room rent during hospitalization.
  9.  Policy Takers can shift from one company to another to take the same insurance.
  10.  All the Mediclaim Policies in India will cover the hospitalization under COVID-19 Disease

Advantage of Standardising the Health Policy

There are certain advantages of standardizing the health policies into the Arogya Sanjeevani Policy. This policy will have the same terms and conditions whether you buy it from any company.

Universal Terms and Conditions

As per the IRDA guidelines, this policy will have the same terms and conditions. All the insurance companies will give identical coverage and plans in the Arogya Sanjeevani Policy. This IRDA’s guideline has removed the confusion of the individual because now the health insurance plan will be the same irrespective of the company from which you take the health plan.

Buy from Any Insurance Company

You have seen in the motor insurance that all the companies have the same risk coverage in the insurance plan. Similarly, in the Arogya Sanjeevani Policy, all the health risks covered will be the same and you can take the policy from any company. Now you don’t have to worry about the policy because it will be the same and only the insurer changes.

Simple Claim Process

Different insurance companies have different terms and conditions for settling the claims and it becomes difficult for the policy taker to decide the best health insurance policy. But now the standardized health policy that is Arogya Sanjeevani Policy will have the same terms and conditions and wordings offered by different companies. It will make the individuals settle the claims quickly and without any confusion of wordings.

Same Premiums

IRDA has standardized the premium of this policy between INR1000 to INR5000 so that even the middlemen and lower-class can afford this policy. You can take a standard product at the same premium from any insurance company and cover your health risk. The main motto of this guideline is to remove the confusion among policy takers about the various terms and conditions of the health policy.


Now it is clear from the IRDA’s Guidelines that every insurance company will issue a standardized policy known as Arogya Sanjeevani Policy that will be the same and have identical terms and conditions. It will remove the confusion of the individuals that they face while buying a health insurance plan. One insurance plan with the same risk coverage will make easy for the individual to take it from any company. The premiums of this health insurance policy will also be the same and it might vary from a few hundred rupees. Now, you must cover your health risk with the help of this plan.

People Also Read