Credit: Total Shape on Unsplash.

India’s Insurance Regulatory and Development Authority (IRDAI) has set up a five-member expert committee to advise it on subjects related to mental health and insurance.

Chaired by National Institute of Mental Health and Neurosciences (NIMHANS) director Pratima Murthy, the committee includes medical experts and insurers as its members.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The committee will remain effective for two years and provide advice on current and future coverages on mental illnesses.

It will also help with the terminology, concept and different aspects from the point of view of the medical domain.

In addition, various aspects associated with mental illnesses from an insurance perspective will be provided.

The committee has been formed in the wake of the growing importance of mental health as a vital area for insurance coverage.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In a statement, the IRDAI said: “A holistic examination of aspects involved such as types of conditions, treatments from an insurance perspective is necessary when dealing with products designed to cover mental illnesses and other related aspects.”

In a separate development, the IRDAI asked insurers to comply with the insurance coverage requirements for surrogate mothers and oocyte donors according to the Surrogacy (Regulation) Act, 2021 and ART Act, 2021.

The latest developments come shortly after the IRDAI reportedly ordered insurance firms to issue social media regulations for their employees to stop the leakage of confidential data through various forums, including blogs, chat forums, messenger sites and others.