The Insurance Regulatory and Development Authority of India (IRDAI) has provided guidelines for the health insurance providers to implement ArogyaSanjeevani Insurance Policy.
It was basically launched to cover the hospitalisation expenses of the COVID-19 patients.
The regulator had earlier made it mandatory for the insurance providers to frame a policy to provide basic coverage to at least 55% of Indian population.
The cost of the premium shall cover between Rs 1000 and Rs 1 lakh.
Interested customers shall opt for coverage up to Rs 5 lakhs.
It is to be availed for citizens above the age of 18 years and up to the age of 65 years.