The Insurance Regulatory and Development Authority of India (IRDAI) has mandated all insurance companies to provide the Aarogya Sanjeevani Policy from April 2020.
This is a standard health insurance policy for individuals and families which provides coverage up to Rs 5 lakh for basic hospitalisation-related expenses. Also, perhaps to make the product simpler to understand, the regulator has banned insurers from imposing deductibles or offering riders and variants with the policy.