Insurance companies have been asked by the regulator, IRDAI, to offer a standard health cover called Arogya Sanjeevani. Gurdeep Singh Batra, Head-Retail Underwriting, Bajaj Allianz General Insurance, says “It’s a straightforward policy, has easy wordings, is easy to understand, and comes with a good coverage at a reasonable price.” These policies come with standard coverages, and features, exclusions, and limitations that are similar to existing products.
(SOURCE: Business Standard- May 29, 2020)
