As per National Mental Health Survey of India for FY16 conducted by the National Institute of Mental Health and Neuro Sciences, nearly 15% of adult Indian population suffers from mental health issues which require active intervention.
The latest regulatory guidance enables “provisions for medical insurance for treating of mental illness on the same basis as is available for treatment of physical illness”. While this comes as a general guidance, the insurers have to find answers to how the offering may be structured and what shall stand excluded prudently.