Despite a five-year-old law that mandates the inclusion of mental health-related conditions in insurance but half of insurers incorporated.
Now IRDAI has prompted even private insurers to incorporate mental health illnesses in insurance by end of this month.
Every insurer are requested to confirm compliance before 31 oct 2022.
The Mental Healthcare Act of 2017 mandated that every insurer include medical insurance for the treatment of mental illness.
But many of insurer comply with the provision of act with immediate effect and others didn't comply with it.
IRDAI mandate that insurance companies were required to treat both physical and mental illnesses equally.
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