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AXA set to launch mental health insurance in Indian group policies

The first-ever standalone product in this space will provide Rs 25,000 for virtual consultations with therapists, psychologists and life coaches, and up to Rs 1 lakh for hospitalisation

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Nikunj OhriSohini Das New Delhi
AXA France India, with its Indian insurance partners, is set to launch India’s first-ever mental health insurance cover in its group policies, said a person aware of the development.

The mental health insurance would provide Rs 25,000 for consultation with therapists, psychologists, life coaches, among others through virtual mode, and up to Rs 1 lakh for hospitalisation. 

The cover would also provide free mental health assessment tests as recommended by the World Health Organisation (WHO).

This comes amid rising awareness about mental health in India and the number of cases increasing post the Covid-19 pandemic. As per the WHO, in