Arogya Sanjeevani Scheme

Subject – Governance

Context – A new NITI Aayog report defies accepted logic that universal health coverage entails a strong role for the Government

Concept –

Under the guidelines, IRDAI asked the general and health insurers to offer product that can take care of basic health needs of customers with maximum sum insured of Rs 5 lakh and a minimum of Rs 1 lakh.
The product will be named as Arogya Sanjeevani Policy, succeeded by the name of the insurance company. No other name is allowed in any of the documents.
The standard product should have the basic mandatory covers, no add-ons or optional covers are allowed to be offered along with the standard product and the insurer may determine the price keeping in view the covers proposed to be offered subject to complying with guidelines.
The standard product shall be offered on indemnity basis only and the policy tenure shall be for a period of one year.
IRDAI has fixed the minimum entry age as 18 and maximum as 65 years.

Note – NITI Aayog recently published a road map document entitled “Health Insurance for India’s Missing Middle”.