Insurers can now offer sum insured above Rs 5 lakh under ‘Arogya Sanjeevani Policy’

NEW DELHI: Regulator Irdai on Tuesday modified the norms of ‘Arogya Sanjeevani Policy’ by allowing health insurers to offer minimum sum insured of less than Rs 1 lakh and maximum of greater than Rs 5 lakh.

As per the guidelines on ‘Standard Individual Health Insurance Product’, general and health insurers were allowed to offer sum insured options ranging from minimum Rs 1 lakh to maximum of Rs 5 lakh (in the multiples of Rs 50,000) for Arogya Sanjeevani Policy.

The norms have been modified to facilitate the general public, the Insurance Regulatory and Development Authority of India (Irdai) said in a circular. (AGENCIES)


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