What is health insurance?
Health insurance is that form of coverage which pays a part
of the medical and surgical expenses arising by the insurance. It can also give
benefits regarding preventive care, mental health services, prescriptions, and
other expense related to health.
The key ingredients of health insurance are:
- Premiums: The monthly payment made to maintain insurance
coverage.
- Deductibles: The portion of medical expenses that must be
paid by the insured before the insurance will pay for it.
- Copayments and Coinsurance: Fixed amounts of money,
usually paid to providers for specific services, after a deductible has been
paid.
- Network: Nearly all health insurance plans have access to
a preferred network, which can differ by cost and range of services.
- Coverage Limits: Some policies place limits on specific
forms of care or put spending ceilings for a particular year.
Health insurance guards against the escalation of such
medical costs and offers access to necessary care without financial distress.
What is Arogya Sanjeevani Health Insurance?
Arogya Sanjeevani Health Insurance is a standardized health insurance policy introduced by the IRDAI to enhance basic health coverage
for individuals and their families. Designed and introduced in 2020, this
policy targets providing affordable, comprehensive health insurance schemes
with uniform features across different insurance providers.
- Covers a sum insured between INR 1 lakh to INR 5 lakh per
annum.
- The policy covers the hospitalization cost for any type of
treatment required.
- Any expenses incurred, in the case of hospitalization for
treatment, generally 30 days before and 60 days after the treatment will be
covered.
- Such procedures do not require an overnight stay. These
also shall be covered.
- The company has a network of hospitals, wherein the policy
holder can get treated without cash.
- Most pre-existing conditions carry a waiting period; in
fact, it varies from one provider to another and Arogya Sanjeevani has
succeeded in bringing down the waiting period.
Many add-on benefits provided by some insurers include Ayush
treatment, health check-ups, and vaccination coverage.
Why would Arogya Sanjeevani be an ideal Health Insurance plan for your Family?
There are many reasons why Arogya Sanjeevani Health Insurance can prove to be among the best for families:
- Inclusive Coverage: This policy includes high medical
expenses, including accommodation in hospitals, pre-and post-hospitalization
expenses and day-care treatments to safeguard your family from all different
diseases.
- Low Premiums: Low price, Arogya Sanjeevani offers low premium
tarring for all families who wish to have health insurance without denting
their pocket.
- Uniformed Benefits: Uniform features of all types of
insurers make it very easy for families to compare the different plans and
understand the coverage so that there is no confusion. Thus, it is free of any
misconception and, therefore, ensures transparency.
- Cashless Hospitalization: Ease of access through a network
of hospitals for cashless treatments gives peace of mind to the family with
medical emergencies so that the person in the family does not need to worry
about upfront payments.
- Add-on Alternative Treatments: Many of the plans also
offer coverage for alternative treatments like Ayurveda, Homeopathy, and Unani,
which provide holistic health options to the family members.
- No Sub-limits on Room Rent: Unlike most other conventional
health insurance plans, Arogya Sanjeevani generally does not have sub-limits on
the price of the room so that one can choose a room as per his requirement.
- Critical Illness Cover: Some versions of the policy offer
you coverage for critical illnesses, which serve as additional financial
protection for the toughest of health maladies.
- Easy Claim Process: The procedure of claiming is usually
not cumbersome and hassle-free, thus reducing the stress during the treatment.
- Previous Medical Conditions: The presence of a waiting
period still offers coverage for such previous medical conditions after that
period. It may be quite comforting for families with ongoing health concerns.
- Health Checks: All health insurance plans offer one free
health check-up every year in order to help prevent health problems early.
Conclusion
Arogya Sanjeevani Health Insurance provides an all-inclusive
and affordable solution to any family that needs to cater to different health
problems. It features standardized benefits, cashless hospitalization, and
alternative treatments. This caters to a wide number of health needs, providing
security against unforeseen medical expenditures. The salient feature of the
policy lies in its transparency, ease of claims, and preventive care. Thus, it
is really one of the top choices for families who would like to make sure that
everyone's health and well-being are secured. Arogya Sanjeevani brings the
family peace of mind in knowing that they can be sure of good support when
needed.