IRDAI vide Ref No: 327/IRDAI/HLT/MHCA/CIR/220/10/2022 has issued a Circular in respect of providing cover for Mental Illness under Health Insurance policies dated, October 18, 2022.
Background:
The Authority vide Circular , dated August, 16, 2018 directed all insurance companies to comply with the provisions of Mental Health Care Act, 2017 [Act] with immediate effect. Subsequently, Authority advised all the insurers to put in place an underwriting policy in line with provisions of Act vide its Circular, dated October 22, 2018. The insurers were also directed to provide cover for Mental illness diseases in all their insurance products that are in force after the Act came into effect vide Circular of the Authority dated May 21, 2021.
Authority’s Direction:
Referring the above Circulars the Authority reiterated that all health insurance products of insurers shall cover mental illness and comply with the provisions of the Act without any deviation.
Source category: IRDAI
Attachments
- /2022/98_2022-10-18_Providing_cover_for_Mental_Illness_under_Health_Insurance_policies.pdf
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