Irdai ups max cover under Arogya policy to Rs 10 lakh

HYDERABAD: To bring more people under the ambit of health insurance, Insurance Regulatory and Development Authority of India (Irdai) has hiked the maximum cover under the standard health insurance plan — Arogya Sanjeevani Policy — from Rs 5 lakh earlier to Rs 10 lakh.

The insurance regulator has made it mandatory for insurers to offer a sum insured between Rs 50,000 to Rs 10 lakh under the Arogya Sanjeevani policy as against the previous range of Rs 1 -5 lakh.

Arogya Sanjeevani is the standardised health insurance product that was launched in March 2020.


“In order to enhance the coverage available under Arogya Sanjeevani Policy, in partial modification of the extant guidelines, insurers shall mandatorily offer the sum insured between Rs 50,000 to Rs 10 lakh under the standard product from May 1, 2021, or earlier,” the regulator said in a circular.