Chennai: Bajaj Allianz General Insurance has announced the launch of its product – “Arogya Sanjeevani Policy, Bajaj Allianz General Insurance Company”. This product has been introduced as per guidelines issued by IRDAI on 1 January, 2020 regarding Standard Individual Health Insurance Product.
According to a press note, the idea behind these guidelines was to offer customers a health insurance policy that has standard coverage and policy wordings across all insurers.
“Arogya Sanjeevani Policy, Bajaj Allianz General Insurance Company” will be an annual policy with a Sum Insured ranging between Rs. 1 lakh – Rs. 5 Lakh. The policy can be purchased for an individual and for family like spouse, children, parents and parents-in-law under the floater plan. This policy will cover costs associated with hospitalisation expenses, AYUSH treatment, mental illness, new treatments like stem cell therapy, robotic surgeries, etc, it said.
Tapan Singhel, managing director and CEO, Bajaj Allianz General Insurance said, “we have always believed that a good health insurance policy can increase life expectancy of individuals. The launch of this standard health insurance product will play a crucial role in encouraging people to opt for health insurance.”