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The Insurance Regulatory and Development Authority of India, under the standard health insurance plan Arogya Sanjeevani Policy, has made it mandatory for insurers to offer a sum insured between Rs 50,000 to how many rupees?

The Insurance Regulatory and Development Authority of India, under the standard health insurance plan Arogya Sanjeevani Policy, has made it mandatory for insurers to offer a sum insured between Rs 50,000 to how many rupees? Correct Answer 10 lakh

The correct answer is 10 lakh.

  • The Insurance Regulatory and Development Authority of India (Irdai) has hiked the maximum cover under the standard health insurance plan Arogya Sanjeevani Policy, from Rs 5 lakh earlier to Rs 10 lakh.
  • It has made it mandatory for insurers to offer a sum insured between Rs 50,000 to Rs 10 lakh.
  • Arogya Sanjeevani is a standardized health insurance product that was launched in March 2020.
  • IRDAI is an autonomous, statutory body tasked with regulating and promoting the insurance and re-insurance industries in India.
  • Headquarters - Hyderabad.

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Modern medicine is primarily concerned with