CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
IRDAI has allowed all general and health insurance companies to increase sum insured on Arogya Sanjeevani” beyond what amount?
A
Rs 5 lakh
B
Rs 50 lakh
C
Rs 15 lakh
D
Rs 10 lakh
Explanation: 

Detailed explanation-1: -Arogya Sanjeevani Policy - National is a standard indemnity health insurance product, having Sum Insured up to 10 Lakhs available in both individuals as well as floater type.

Detailed explanation-2: -For identified Rural areas, discount of 20% is available on the premium. Persons between 18 years and 65 years of age at the time of entry can take this Insurance. Dependent children can be covered from 3 months and up to 25 years of age.

Detailed explanation-3: -The calculation of NCB or No Claim Bonus takes place on a cumulative basis and can maximum go up to 50%. COVID- 19 Hospitalisation Expenses: Arogya Sanjeevani Policy offers hospitalisation expenses linked to Coronavirus (COVID-19).

Detailed explanation-4: -Almost all insurers will give you the option to increase the sum insured of your existing policy at the time of renewal. While it will slightly increase your premium, this way you can ensure that you have adequate coverage for your and your family’s medical needs without paying too much out-of-pocket.

There is 1 question to complete.