Online Learning Portal
DAILY NEWS ANALYSIS
04 April, 2020
5 Min Read
“Arogya Sanjeevani”: IRDAI
Part of: GS Prelims and GS-II-Regulatory bodies
The COVID-19 hospitalization cases are increasing which posing financial burden on patients or their families due to hospitalization expenses. As a financial relief measure to the COVID-19 positive cases, Insurance Regulatory and Development Authority of India (IRDAI) has made the coverage of hospitalization treatment costs of COVID-19 mandatory under standard health insurance product “Arogya Sanjeevani”. Apart from this, Indemnity based health insurance products offered by all general and health insurance companies will also cover the costs of hospitalization treatment on account of covid-19.
The objective behind this move is support individuals who are seeking treatment in private hospitals as in government hospitals the expenses the paid by government itself.
About Arogya Sanjeevani:
IRDAI in January, 2020 mandated all health and general insurance companies to offer a standard product called the Arogya Sanjeevani policy starting 1st April 2020. In this regard 29 general and health Insurance companies received clearance to market Arogya Sanjeevani.
IRDAI
Insurance Regulatory and Development Authority of India or the IRDAI is the apex body responsible for regulating and developing the insurance industry in India. It is an autonomous body. It was established by an act of Parliament known as the Insurance Regulatory and Development Authority Act, 1999. IRDAI is headquartered in Hyderabad in Telangana. Prior to 2001, it was headquartered in New Delhi. The organization fought for an increase in the FDI limit in the insurance sector to 49% from the previous 26%. The FDI cap was hiked to 49% in July of 2014.
Establishment– 1999 (autonomous body), 2000 (statutory body)
Headquarters– Hyderabad, Telangana
Chairman– Subhash C. Khuntia
Source: TH
Recently, Prime Minister announced Pradhan Mantri Suryodaya Yojana under which 1 crore households will get rooftop solar power systems. India’s Status of Current Solar Capacity India currently stands at 4th place globally in solar power capacity. As per Ministry of New an
The Foreign Contribution Regulation Act, 2010 (FCRA) registration of two prominent non-governmental organisations (NGOs) — Centre for Policy Research (CPR) and World Vision India (WVI) have been cancelled this month. What is FCRA? Key provisions of FCRA, 2010 Key aspects Description
Voice clone fraud has been on the rise in India. AI voice cloning – It is the process of creating a synthetic replica of a person’s voice through machine learning and speech synthesis technology.It is called as voice deepfakesor audio deepfakes. Objective – To achieve a high level of na
Steps taken by India to promote Science Communication Publications and Information Directorate (PID) - An organisation under Council of Science and Industrial Research (CSIR) established in 1951 for publishing and disseminating scientific information in India. National science magazines- The PI
Universal Basic Income (UBI) can strengthen welfare architecture and unlock the nation’s latent demographic potential. UBI - It is an income support mechanism typically intended to reach all or a very large portion of the population regardless of their earnings or employment status. Objective- To provide enough to co
Our Popular Courses
Module wise Prelims Batches
Mains Batches
Test Series