Supreme Court Quashes Rajasthan Village Renaming, Says Government Must Follow its Own Policy  ||  NCLAT: NCLT Can Order Forensic Audit on its Own, No Separate Application Required  ||  NCLAT Reiterates That IBC Cannot be Invoked as a Recovery Tool for Contractual Disputes  ||  Delhi HC: DRI or Central Revenues Control Lab Presence in Delhi Alone Does Not Confer Jurisdiction  ||  Delhi High Court: Software Receipts Not Taxable on PE Basis Already Rejected by ITAT  ||  Delhi High Court: Statutory Appeals Cannot Be Denied Due to DRAT Vacancies or Administrative Delays  ||  J&K&L HC: Failure to Frame Limitation Issue Not Fatal; Courts May Examine Limitation Suo Motu  ||  Bombay HC: Preventing Feeding Stray Dogs at Society or Bus Stop is Not 'Wrongful Restraint'  ||  Gujarat HC: Not All Injuries Reduce Earning Capacity; Functional Disability Must Be Assessed  ||  Delhi HC: Framing of Charges is Interlocutory and Not Appealable under Section 21 of NIA Act    

Modification in guidelines on standard individual health insurance product- (Insurance Regulatory and Development Authority) (18 Mar 2021)

MANU/IRDA/0021/2021

Insurance

1. Reference is drawn to Guidelines on standard individual health insurance product circular Ref No.: IRDAI/HLT/REG/CIR/172/07/2020 dated 07.07.2020 specifying norms on minimum and maximum sum insured limits.

2. In order to enhance the coverage available under "Arogya Sanjeevani Policy", in partial modification of the extant guidelines, insurers shall mandatorily offer the sum insured between Rs. 50,000/- to Rs. 10,00,000/- under the standard product Arogya Sanjeevani w.e.f. 1st May, 2021 or earlier.

3. The tables of premium rates for revised sum assured slabs shall be filed in terms of Clause C (10) of "Guidelines on Filing of Minor Modifications in the approved Individual Insurance Products offered by General and Stand Alone Health Insurers on Certification Basis" (Ref No.: IRDA/HLT/CIR/MISC/151/09/2019 dated 20th September, 2019).

4. Insurers may launch the modified version of the "Arogya Sanjeevani Policy" after filing the same on Certification Basis as referred to at Para (3) above. The UIN allotted by the Authority will be retained.

5. This has approval of the competent authority.

Tags : MODIFICATION   GUIDELINES   INSURANCE PRODUCT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved