Name the 1st of its kind Standardised Health Insurance Products SHIP introduced by Insurance Regulat...........

Economic and Social Issues Human development

Name the 1st of its kind Standardised Health Insurance Products (SHIP) introduced by Insurance Regulatory and Development Authority of India (IRDAI) that must be offered by all general and standalone health insurers with effect from April 1, 2020?

Arogya Swasthiya

Arogya Scheme

Arogya Rashtiya

Arogya Sanjeevani

None of these

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Explanation:

On January 02, 2020 the Insurance Regulatory and Development Authority of India (IRDAI) has mandated all the health and General Insurance Companies(GICs) to offer 1st of its kind standardised health insurance products (SHIP) in the name “Arogya Sanjeevani” policy with effect from April 1, 2020. All the health products offered by those companies will be succeeded by this name. It is to be noted that no health insurance companies will mention any other name other than the standard name of Arogya Sanjeevani in any of the documents.

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