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Staying fit and healthy is crucial for all ages, as it can help you achieve your goals. Life and uncertainties are synonymous, and problems never come after a notification. That's why you need to be future-ready for accidents, illnesses and medical emergencies. Making financial preparations in advance of any medical emergency will help you receive quick medical care without worrying about costs.
While there are plenty of health insurance plans available in the market today, there are some government-backed plans that all health insurance are mandated to offer. One of them is Arogya Sanjeevani Policy, which has been designed by the IRDAI as a standardised health insurance plan to increase access and affordability.
The Insurance Regulation and Development Authority of India recommends the Arogya Sanjeevani Policy, which is also provided by the Royal Sundaram General Insurance Company. This policy provides coverage for numerous in-patient benefits, daycare treatments as well as alternative medical treatment costs. Like many other health insurance policies by Royal Sundaram Insurance, Arogya Sanjeevani Policy is available for individual or family floater purchases. It is a health insurance plan for people looking for a cost-effective health insurance solution.
Given below are a few key features of the Royal Sundaram Arogya Sanjeevani Policy:
Easy Claim Settlement Procedure: The Arogya Sanjeevani policy claim procedure managed by Royal Sundaram is straightforward and hassle-free.
Wide Age Group Covered: This health insurance policy offers insurance protection for people between the ages of 18 and 65 years.
Flexible Options for Sum Insured: You have the option to choose the sum insured from a range of INR 1 lakh to INR 5 lakhs.
A cover for the whole family: One may even add his or her spouse, children, own parents and parents-in-law to the Royal Sundaram Arogya Sanjeevani policy.
Tax-Benefit: Section 80D of the Income Tax Act provides tax advantages for the premiums paid for this coverage.
The following expenses are covered by the Royal Sundaram Arogya Sanjeevani policy during its term:
The following are the exclusions from this policy:
These are a few of the expenses that this policy excludes. One needs to examine the policy wordings for a comprehensive list.
The policyholder must notify Royal Sundaram Health Insurance Company of any emergency hospitalisation within 24 hours of the incident. In contrast, the policyholder must notify the insurance provider at least 48 hours in advance of a planned hospitalisation.
The procedures for cashless and reimbursement claims, however, are distinct and are as follows:
To proceed with the claim reimbursement process, post-discharge, a policyholder must deliver the necessary paperwork to the company within the time frame specified below:
This is all about Royal Sundaram Arogya Sanjeevani Policy, if you have not yet taken health insurance coverage and are looking for the best health insurance policy, then this is one of the most affordable health policies that offer comprehensive coverage for you and your entire family.
Ans: The policy term for Royal Sundaram Arogya Sanjeevani Policy is 1 year. However, it offers lifetime renewal benefits.
Ans: It offers a sum insured INR 1 lakh, 1.5 lakh, 2 lakhs, 2.5 lakhs, 3 lakhs, 3.5 lakhs, 4 lakhs, 4.5 lakhs, and 5 lakhs.
Ans: This sum insured can be changed at the time of the renewal according to the underwriting by the company.
Ans: The policy covers pre-existing diseases after a waiting period of 48 months.