TATA AIG Arogya Sanjeevani Policy

Having a health insurance policy has never been as significant as it has become now. Over the past few months, the world has witnessed newfound diseases, covid, its variants, and monkeypox, to name a few. Healthcare costs are rising by the day, and thus, it has become imperative for everyone to be under cover of a suitable health insurance policy. As good medical treatment becomes more and more out of reach for the common man, the IRDAI, Insurance Regulatory and Development Authority of India, under the government’s guidelines, has introduced a standard health insurance policy called the Arogya Sanjeevani Policy.

Also offered by TATA AIG health Insurance Arogya Sanjeevani Policy is an affordable health insurance policy that offers multifarious benefits to insured members. Let us see how.

Arogya Sanjeevani Policy is India's first-ever standardised health insurance policy that all health insurance companies mandatorily offer. The coverage features across companies will be the same. An indemnity-based health insurance plan, TATA AIG Arogya Sanjeevani Policy is a great way to protect yourself and your loved ones. Let us take a quick look at the highlighting features of this policy:

It is important to check your eligibility before you apply for the TATA AIG Arogya Sanjeevani Policy. Here are the main eligibility criteria that you need to fulfil:

You need to be in the age group of 18 years to 65 years to enrol yourself in the Arogya Sanjeevani Policy. However, you will be able to renew the policy for as long as you want if you continue it without any break. You also have the option to include the following family members in your policy:

• Your spouse
• Your children (natural or legally adopted) who are dependent on you and are in the age group of 3 months to 25 years
• Parents and parents-in-law

Just like any other health insurance plan, it is essential to understand the coverage features and benefits that the TATA AIG Arogya Sanjeevani Policy will offer you:

• Wide coverage: TATA AIG Arogya Sanjeevani Policy comes with a long list of coverage benefits. When admitted to a hospital for over 24 hours, the policy covers your in-hospital expenses to a specified limit depending on the sum insured that you have chosen. This includes

  • Rent of room
  • ICU and ICCU charge
  • OT charges
  • Diagnosis and investigation
  • Daycare treatments
  • Ambulance expenses
  • Nursing expenses
  • Apart from this, the policy also covers pre and post-hospitalisation expenses for up to 30 and 60 days, respectively.

• AYUSH treatments: If you prefer taking alternate treatments like Ayurveda, Yoga, Unani, Sidha, and Homeopathy, you will be able to get coverage for these as well.

• Cumulative Bonus: For every year that you do not raise a health claim, you will get a bonus in the form of a 5% increase in the sum insured that you have chosen. The cumulative bonus can go up to 50%.

• Protection for your loved ones: Under the umbrella of the TATA AIG Arogya Sanjeevani Policy, you have the advantage of adding your family members as well. You can take the policy as a family floater or on an individual basis.

• Lifelong renewals: When you buy the TATA AIG Arogya Sanjeevani Policy, you can avail the benefit of long-lasting coverage. You have the option to get the coverage for as long as you shall live, provided you pay the premiums regularly.

• Save on taxes: The premiums that you pay towards the TATA AIG Arogya Sanjeevani Policy will help you save on taxes. Under Section 80D of the Income Tax Act, you can save up to INR 50,000.

• Flexibility in payment of premium: As per your convenience, you can pay the premium monthly, quarterly, half-yearly or even annually.

• Cashless treatment: With TATA AIG Arogya Sanjeevani Policy, you get the advantage of getting cashless treatments. TATA AIG health insurance gives you access to over 7200 hospitals where you can get quality treatment. You do not need to run around arranging funds for the treatment.

It is important that you understand that every health insurance policy comes with a set of exclusions. Exclusions are the situations under which medical expenses are not covered. Here are some of the common exclusions:

• Treatments taken during the waiting period
• Maternity expenses
• Rest/ rehabilitation/ De-addiction treatment
• Injuries caused due to participation in adventure sports/ hazardous activities
• Plastic surgery, unless required after an accident.

When you pick a health insurance plan, it is crucial that you weigh all the strengths and weaknesses of the plan as well as the health insurance company. TATA AIG Health Insurance is one of the most prominent names in the health insurance market in the country. With a high claim settlement ratio of 94.43% in the financial year 2020-21, the company offers you the best health insurance products along with efficient customer care. A strong network of over 7200 hospitals allows you the freedom to get the best treatment without having to worry about expenses.