The Insurance Regulatory and Development Authority has directed health insurance companies in India to provide coverage for mental issues in compliance with the Mental Health Act of 2017.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Who would you like to insure?
Do you have an existing illness or medical history?
This helps us find plans that cover your condition and avoid claim rejection
What is your existing illness?
Select all that apply
When did you recover from Covid-19?
Some plans are available only after a certain time
As per the IRDAI circular, all insurance products must cover mental disorders as directed by the 2017 MHC Act before 31 October 2022. The insurers will need to make provisions for covering mental illness just like they cover physical illness treatments.
This means that all the existing policies would need to evolve in order to suit the circular. While there needs to be further clarity regarding these provisions, it is expected that standard health insurance plans will soon release revised terms to cover several mental health ailments.
As of now, hospitalisation expenses due to mental issues and treatment are covered by several health insurance plans. This includes the cost of diagnostics, treatment, medication, room rent etc. However, OPD expenses regarding mental illness including counselling, and mental health consultations are not covered by health plans.
Ever since the COVID-19 pandemic hit, mental health stigma has somewhat decreased with more people seeking help. The move is expected to aid people battling mental health issues and help set up a sound mental illness treatment-specific infrastructure. It is also expected to help standardise various treatment expenses for many mental ailments.
12 Sep 2023The cost of healthcare has risen threefold in the last decade
06 Sep 2023With technological advancements in India, the health insurance
23 Aug 2023Health emergencies come without a warning. Usually, people realize
11 Aug 2023In the world we live today, diseases are spreading like wildfire
26 Jul 2023Delhi witnessed its first flood in 45 years due to incessant rains