1. As per Irdai guidelines, all general and health insurance companies, w.e.f. 1 April 2020 have to offer a Standard Health Insurance Product (SHIP) with standard benefits.

2. The product is named as Arogya Sanjeevani Policy, succeeded by the name of the insurance company.

3. Carrying similar policy wordings and enabling seamless portability among the insurers, It aims to take care of the basic health needs.

4. The minimum sum insured is set at Rs 1 lakh and the maximum at Rs 5 lakh.

5. It is a good entry-level health insurance plan and covers the risk of covid related hospitalisation.

(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)