The Insurance Regulatory and Development Authority of India (IRDAI) has now allowed general and standalone health insurers to offer the Arogya Sanjeevani Policy as a group insurance product. Once insurance companies launch this policy as a group cover, organisations may soon be able to buy this cover for their employees. Among other things, the Arogya Sanjeevani Policy also covers the treatment cost of Covid-19. As per an IRDAI press release dated July 24, "This standard group policy is expected to be useful to various private and public establishments for covering the medical needs of their employees. The group policy is expected to provide protection to a large number of employees engaged in manufacturing, services, SMEs, MSMEs,logistics sector and migrant workers, catering to their medical needs. It is clarified that “Arogya Sanjeevani” policy, whether in individual or group form, also covers Covid – 19."Earlier in the week, the regulator directed general and standalone health insurers to offer Corona Kavach Policy as a group insurance product, via a press release on July 21. Also read: IRDAI allows Corona Kavach policy to be sold as group health insuranceSince the government has allowed many organisations to re-start operations after the lockdown with limited workforce, such group insurance policies (like Arogya Sanjeevani and Covid Kavach) can prove useful.What is Arogya Sanjeevani policy?Arogya Sanjeevani policy is a standard health insurance policy for individuals and families that provides coverage for basic hospitalisation-related expenses. The regulator, on July 7, 2020, issued a circular allowing insurers to offer this policy for a minimum sum insured of Rs 50,000 and maximum sum insured above Rs 5 lakh, subject to the underwriting policy of the insurers. At present, the Arogya Sanjeevani Policy comes with a basic health cover of minimum sum insured of Rs 1 lakh and maximum sum insured of Rs 5 lakh. To know more about the scheme, click hereThe IRDAI press release issued on July 24 also statd that it has allowed insurers to offer the same standard policy as a group policy under the same name “Arogya Sanjeevani” provided all the terms and conditions of the standard policy are retained except for the premium which is to be fixed by the insurers.Also read: Whom will Arogya Sanjeevani health insurance policy be suitable for?