STOCK MARKET BSE NSE

IRDAI asks insurers to cover mental illness too

Reports suggest that stress is a major cause of depression and can lead to various mental illnesses.

Published: 18th August 2018 04:10 AM  |   Last Updated: 18th August 2018 04:10 AM   |  A+A-

Earlier in 2015, markets regulator Sebi had ordered cancellation of mutual fund licence of Sahara group.

Sahara group chairman Subrata Roy had met IRDAI chairman on July 24 to seek more time to resolve the crisis at his group's life insurance arm. (File | Reuters)

By Express News Service

BENGALURU: The Insurance Regulatory Authority of India (IRDAI) recently issued a circular to all insurance companies to comply with the Mental Healthcare Act, 2017, and make provisions for medical insurance of treatment for medical illnesses. The Act, mandating insurance cover for mental diseases, was passed three months ago.

Ashish Mehrotra, MD and CEO, Max Bupa Health Insurance, said, “We welcome IRDAI’s move to include mental illnesses in the ambit of health insurance coverage for customers. This is indeed a long-awaited inclusion, much-needed for those dealing with any form of mental illness and have been beyond the ambit of insurance coverage so far.”

The state of mental health in the country has been alarming as a recent National Mental Health Survey indicates that 15 crore people at varying stages of mental illnesses need immediate intervention.
Further, reports suggest that stress is a major cause of depression and can lead to various mental illnesses.

“For people dealing with such situations, Max Bupa has designed a behavioural counselling feature in its GoActive plan which offers telephonic counselling for anything related to pre-marital issues, stress etc,” he added.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp