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Pros & Cons of Buying a Mental Health Insurance


Over the last decade, people have become more conscious of their mental health. They’re beginning to recognize the symptoms and accepting that they need help. The social stigma of mental wellness was barring people from seeking professional help, but times have changed and now people are not afraid to come out in the open and talk about their depression and other mental illnesses.

The Insurance Regulatory and Development Authority of India (IRDAI) issued an order, directing all insurance companies to “make provision for medical insurance for treatment of mental illness on the same basis as is available for treatment of physical illness.” Therefore, according to The Mental Healthcare Act, 2017, all medical insurance policies must include stress-related conditions, psychological disorders in the cover.

Here’s everything you need to know about mental health insurance policy :


If you think one needs to be really depressed to get mental health insurance claim, you’re mistaken. Work stress can also take a really heavy toll on your physical and mental health. According to research, 60% to 80% of accidents that occur at the workplace are a result of stress. Therefore, all working professionals must have a mental health insurance policy. That’s not all, stressed people also tend to spend 46% more on their healthcare compared to relaxed working professionals.

Getting mental health insurance will not only cover your mental illness but also prove to be cost-effective.


While most of the health insurance policies cover only in-patient’s mental health expenses, there are some exceptional medical insurance plans cover out-patients too. In-patients are the patients that are admitted in the hospital on detection of an illness or for diagnosis. Out-patients are those who visit the hospital only for a session or consultation.


Several health insurance policy providers do not cover existing mental illnesses. Therefore, if you are already suffering from a mental ailment and are looking to buy health insurance then make sure to check if your health insurance policy covers pre-existing ailments. Most of the policies which cover such illness have a mandatory waiting period. However, it’s better than not having a health cover at all.

Bharti AXA GI offers some of the most comprehensive health insurance policies. Here are some of the reasons why you must partner with us:

  1. No claim bonus
  2. Annual health check-up
  3. Pre and post-hospitalization of 60 and 90 days
  4. Tax benefits
  5. Cashless claims across 4500+ hospitals across India
  6. 24/7 worldwide assistance

You can now buy health insurance online at Bharti AXA GI. Visit our website, follow five simple steps and have your health insurance policy delivered in your mailbox.

If you have questions regarding mental health insurance, speak to our experts now.

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Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.

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