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It becomes easy to sail through a medical emergency if you have a health insurance plan to cover the cost of the treatment. Well-planned health insurance helps get immediate medical attention and acts as a saviour when an emergency strikes. It is always recommended to buy health insurance early in life to get its maximum benefit, but often it becomes difficult to choose a health insurance plan from the vast number of choices.
IRDAI introduced Arogya Sanjeevani Policy with a mission to simplify health insurance for all. It is a standardized product that is designed with the intention of solving the problem of too many choices available. Care Insurance Arogya Sanjeevani Policy offers basic coverage along with coverage for 12 modern procedures like immunotherapy and stem cell therapy.
Following are the details of the Care Insurance Arogya Sanjeevani Policy.
Type of Policy - The policy is available on an individual as well as floater basis.
Sum Insured - The sum insured offered under this policy is from Rs. 50,000 to Rs. 10 lakhs.
Family Coverage - The policy offers family coverage. It covers all your dependent family members, including spouse, children, parents and parents-in-law. A child 18 years of age, who is financially independent, is not covered under family coverage.
Policy Term - The policy has a tenure of 1 year. However, their lifetime renewal facility is available with this plan.
Eligibility - An individual from 18 years to 65 years of age can purchase this policy for themself and their family.
Premium Payment Options - A policyholder can choose to pay premiums in monthly, quarterly or half-yearly instalments.
Cumulative Bonus - A 5% increase in CB is provided for a claim-free policy year, subject to a maximum of 50% sum insured.
Portability - If a policyholder decides to switch to another insurance company, it can be easily done as per IRDAI guidelines.
Co-payment - The policy has a compulsory co-payment of 5% for every claim. The amount received is after deducting the co-payment value.
Waiting Period - The policy has a waiting period of 30 days for any treatment except for accidental hospitalization. In the case of listed procedures, it is the first 24/48 months and the first 48 months for pre-existing diseases.
Here is a list of reasons that makes Care Insurance Arogya Sanjeevani Policy the best choice for you.
There are two ways in which you can file a claim under this policy:
All health insurance policies by Care Insurance offer cashless treatment available at network hospitals. Remember that you must inform the company at least 48 hours before the planned hospitalization. In case of a medical emergency, you can inform the insurance company within 24 hours of the hospitalization.
A reimbursement claim is when the patient is admitted to a non-network hospital where a cashless facility is unavailable. So you pay the entire bill from your own pocket and claim reimbursement later. For such a claim, inform the company within 30 days of the discharge. The company will verify all the documents and settle the claim. To file a reimbursement claim, you need to submit a list of documents to the insurance company as follows:
There won’t be an easier way of getting health coverage than buying a Care Insurance Arogya Sanjeevani Policy for comprehensive coverage providing financial protection against hospitalization, daycare procedures and pre and post-hospitalization. The policy is affordable and simplifies the process of selecting health insurance from so many choices.
Ans: Yes, a co-payment of 5% is applicable on each and every claim.
Ans: It offers a sum insured ranging from Rs. 50,000 to Rs. 10 lakhs.
Ans: A grace period of 15 days is allowed for premium instalments other than yearly instalments.
Ans: Yes. The policy covers cataract treatment upto rs. 40,000 or 25% of the sum insured whichever is lower.