NEW DELHI : To provide financial protection against Covid related illness to workers in business establishments, the Insurance Regulatory and Development Authority of India (Irdai) has allowed insurance companies to offer Arogya Sanjeevani Policy as a group health insurance product."Insurers are allowed to use the standard product name for the group policy after adding the word 'group' provided all terms and conditions as applicable to the standard individual policy remain the same except the premium rate and the specification on operation of group policy," regulator Irdai said.The standard Arogya Sanjeevani health insurance policy offering to take care of the basic requirements of policyholders also covers Covid-19 in both individual and.