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Four years on, the differently abled, anxiety & HIV patients have no insurance cover. Is IRDAI doing enough?

While the insurance regulator wants insurers to provide covers for individuals with special needs, companies are still choosing to stay offer from offer covers.

June 06, 2020 / 09:09 AM IST
World Mental Health Day is observed on October 10. While awareness of mental health is gradually improving, there are certain misconceptions and myths related to the subject. A website called HealthPartners debunks some of most common myths. (Representative image)

World Mental Health Day is observed on October 10. While awareness of mental health is gradually improving, there are certain misconceptions and myths related to the subject. A website called HealthPartners debunks some of most common myths. (Representative image)

The Insurance Regulatory and Development Authority of India (IRDAI) has asked insurers to be transparent about offering health covers to those with HIV/AIDS, mental health issues and for persons with disabilities.

This because even four years after the regulator asked insurers to cover all kinds of risks under health policies, the reality is quite different.

Insurers routinely reject covers for differently-abled citing higher risks. For mental health issues and HIV/AIDS, there are hardly any covers available to individual customers.

In a notification on June 2, IRDAI has asked insurers to provide detailed information on their websites stating their underwriting philosophy on covering people with disabilities, HIV/AIDS or mental illnesses. This has to be done by October 1.