Governance

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

·         Under the rules, IRDAI asked the general and health insurers to supply product that may take care of basic health wants of consumers with most total insured of Rs five lakh and a minimum of Rs one lakh.

·         The product will be named as Arogya Sanjeevani Policy, succeeded by the name of the insurance firm.

·         No other name is allowed in any of the documents.

·         The standard product ought to have the essential mandatory covers, no add-ons or facultative covers ar allowed to be offered along with the standard product and also the insurer could confirm the value keeping in view the covers proposed to be offered subject to compliant with guidelines.

·         The standard product shall be offered on indemnity basis only and also the policy tenure shall be for a period of 1 year.

·         IRDAI has fixed the minimum entry age as eighteen and maximum as sixty five years.