Discover the Key Differences Between Arogya Sanjeevani and Traditional Health Insurance
If you are looking for health insurance in India, you may have come across two terms- Arogya Sanjeevani and Health Insurance. While both provide coverage for medical expenses, there are significant differences between the two policies. Let us dive in to understand the crucial distinctions and determine which plan is the best fit for you.
Firstly, Arogya Sanjeevani is a standardized policy introduced by the Insurance Regulatory and Development Authority of India (IRDAI), while health insurance is offered by various insurance companies with varying features and premiums. Arogya Sanjeevani has a minimum sum assured of 1 lakh and a maximum of 5 lakhs, making it a cost-effective option for those seeking basic coverage. On the other hand, health insurance offers greater flexibility in choosing the sum assured amount and additional benefits such as riders, top-up plans, and critical illness coverage.
Secondly, while both policies cover pre and post-hospitalization expenses, Arogya Sanjeevani excludes certain costs such as dental treatment, cosmetic surgery, and outpatient department (OPD) charges. Health insurance, on the other hand, has the option to include these services and a more comprehensive coverage range.
In conclusion, the choice between Arogya Sanjeevani and health insurance depends on your individual needs and budget. Consider factors such as sum assured amounts, additional benefits, and exclusions before making a decision. Remember, investing in a good health insurance policy is essential to secure your financial stability and peace of mind in case of any sudden medical emergencies.
So, whether you are new to the world of insurance or want to switch your existing policy, with this article, we hope to have helped you make an informed choice. Always remember, your well-being is priceless- invest smartly in your health insurance policy today!
"Difference Between Arogya Sanjeevani And Health Insurance" ~ bbaz
Introduction
With the increasing cost of medical treatment, health insurance has become a necessity for everyone. In India, there are various types of health insurance policies available in the market. Recently, Arogya Sanjeevani policy has been introduced which has gained popularity among people. But what is it and how is it different from other health insurance policies? Let's find out.
What is Arogya Sanjeevani Policy?
Arogya Sanjeevani is a health insurance policy that provides coverage for basic medical expenses. The policy covers hospitalization expenses, pre and post hospitalization expenses, day-care procedures, and ambulance charges. The policy is available for individuals as well as families.
What is Health Insurance?
Health insurance is an insurance policy that provides financial coverage to the policyholder for medical expenses. The policy covers hospitalization expenses, pre and post hospitalization expenses, daycare procedures, and ambulance charges. The policy may also provide coverage for critical illnesses, organ donor expenses, and maternity expenses. The policy is available for individuals as well as families.
What are the Differences between Arogya Sanjeevani and Health Insurance?
Coverage Amount
The main difference between Arogya Sanjeevani and other health insurance policies is the coverage amount. Arogya Sanjeevani offers a coverage amount between Rs 1 lakh to Rs 5 lakhs whereas other health insurance policies offer higher coverage amounts. This means that if you need a higher coverage amount, you would need to opt for other health insurance policies.
Premium
The premium for Arogya Sanjeevani is lower compared to other health insurance policies because the coverage amount is lower. This makes it a good option for people who are looking for basic coverage at an affordable premium. Other health insurance policies may have a higher premium as the coverage amount is higher.
Features
Other health insurance policies may offer additional features like coverage for critical illnesses, organ donor expenses, and maternity expenses. These features may not be available in Arogya Sanjeevani policy. However, the policy provides coverage for basic medical expenses which may be sufficient for some people.
Co-pay and Deductible
Some health insurance policies may require the policyholder to pay a certain percentage of the medical expenses themselves. This is known as co-pay. Deductible is the amount that the policyholder must pay before the insurance company starts paying for the medical expenses. Arogya Sanjeevani policy does not require any co-pay or deductible, whereas other health insurance policies may require it.
Network Hospitals
Most health insurance policies have tie-ups with network hospitals where the policyholder can avail cashless treatment. Arogya Sanjeevani policy also has tie-ups with network hospitals. However, the number of network hospitals may be less compared to other health insurance policies making it difficult to find a preferred hospital for treatment.
Conclusion
Overall, Arogya Sanjeevani policy is a good option for people who want basic coverage at an affordable premium. However, if you need higher coverage amounts and additional features, other health insurance policies may be a better option. It is important to compare different policies and understand the features and benefits before purchasing a policy.
Video Difference Between Arogya Sanjeevani And Health Insurance
Visit Video
As individuals, we often look for ways to safeguard our health and financial well-being, especially in times of unforeseen circumstances such as an illness or accident. In this quest, we often come across two terms: Arogya Sanjeevani and Health Insurance. Though both intend to provide insurance coverage in case of hospitalization, there are some key differences that one must be aware of.
Arogya Sanjeevani is a standard health insurance policy that provides coverage for basic hospitalization expenses. It is a product offered by various insurance companies and aims at providing affordable health care to the masses by offering standardized features across insurers. The policy covers expenses such as room rent, nursing, surgeon fees, anesthesia, medicines, and drugs during hospitalization. However, certain conditions such as pre-existing diseases and treatments such as cosmetic surgery, maternity, and dental treatments are not covered under this policy.
On the other hand, health insurance policies offer more comprehensive coverage with additional benefits. They cover expenses such as pre and post hospitalization expenses, ambulance charges, daycare procedures, and critical illnesses, among others. Moreover, some health insurance policies come with add-ons like personal accident cover and global coverage. These policies offer greater flexibility in terms of sum insured and network hospitals, allowing the policyholders to avail top-quality healthcare facilities across India.
In conclusion, while Arogya Sanjeevani provides basic coverage for hospitalization expenses, health insurance policies offer comprehensive coverage with additional benefits. Hence, it is essential to choose an insurance policy wisely, understanding one's healthcare needs, budget, and insurance preferences. Investing in a comprehensive insurance policy can save you from unforeseen medical expenses that can cause financial stress.
We hope this article has been insightful and helpful for you. Stay informed and stay healthy!
