You can now get an insurance cover for treatment of mental health!
Mental health is a cause of grave concern with millions of children and adults being affected. In India, this is still considered a taboo. Hence, many people refuse to speak up about this. But NGO’s and activists are urging more people to come out and avail clinical help for mental health problems. According to reports, mental health can now be covered under health insurance, just like any other physical ailments!
The Mental Healthcare Act, 2017 states that insurance companies must provide coverage for medications and hospitalization for mental health problems. The Insurance Regulatory and Development Authority of India (IRDAI) have assured that this will come into effect very soon.
Therapies are one of the most common solutions for medical health problems. Each session comes up to Rs 1000 to Rs 2000. This will be excluded from the insurance coverage.
Till date, only very few insurance companies had a cover for mental illness. This new move will benefit thousands of people in India who undergo mental health problems.
In the coming days, insurance companies will introduce specialised products to cover mental health. It will also urge more people to take up insurance for mental health problems.