Blog

Mental Ailments to be a Part of Health Insurance Now

Mental Healthcare Bill 2017 has a positive impact on the health insurance company. IRDAI has passed new rule for the inclusions of all mental illnesses as a part of health insurance plan. With the increase in the rate of mental ailments, this reform was much needed. This will force many people to buy a health insurance plan for themselves. As per the National Mental Health Survey 2016, almost 15% Indian population suffers from depression that is close to 150 million people. Out of this section, most of them are in the age group of 30 to 49 years. Amidst worsening situation of mental health, access to the right treatment is what a mental patient need.

The inclusion of mental illness in the health insurance plan can provide patients with much-needed access for the right treatment. Latest Health Wellness Survey highlighted the preference of many people for seeking mental wellbeing to lead a stress-free life. With the inclusions of mental ailments in the health plans, they can get access to psychologists and counselors which may be beyond the reach of many because of their exorbitant cost now. People can expect a customized solution for any sort of mental illnesses. This new amendment in health insurance is expected to curb mental illness growing at a rapid rate. Above details were shared by Ashish Mehrotra, Managing Director & Chief Executive Officer – Max Bupa to the Financial Express team.

You May LIke

Irdai May Make Electronic Insurance Mandatory The insurance regulatory authority of India has come out with a new plan to make it compulsory for insurance companies to have electronic plans if the policyholder exceeds a particular threshold for life, health and general products as well. As per the draft proposal, electronic insurance will be c...
Devotees of Kundam Festival Will Get Health Insurance Cover The massive amount of devotees who took part in the Kundam festival of Bannari Amman Temple were sensitised to the insurance cover offered for those sustaining injuries on the temple premises while performing the ‘fire-walking’ ritual. The insurance cover has been offered to the devotees for the th...
Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.  “The Authority clarifies that, linkage of Aadhaar number to insur...
Mamata Banerjee Introduces Health Insurance For Journalists On Wednesday, the West Bengal cabinet passed a plan to launch health insurance plan for state government-accredited journalists, including those who have retired. The journalists can take advantage of the scheme -- christened "Mabhoi" -- till the age of 65, Chief Minister Mamata Banerjee announced ...
India’s Health Security Gap Among Biggest In Asia: Report The country has one of the largest health protection gaps in Asia, which is likely to rise by 12.3 percent annually to USD 214 billion by 2020, a report said.“India has one of the biggest health protection gaps amongst the countries in Asia. The gap is projected to increase by 12.3 percent annua...