 "Be mindful of sub-limits on mental illnesses in your insurance cover")
In a recent case, the Delhi High Court asked the Insurance Regulatory and Development Authority of India to explain the basis on which it has approved insurance policies that have sub-limits on the coverage of mental health conditions.
A person had purchased a policy from Max Bupa Health Insurance with a sum insured of Rs 35 lakh. When he made a claim, he was informed that the policy has a sub-limit of Rs 50,000 for mental health conditions. Clearly, buyers need to scrutinise policies at the time of purchase to avoid unpleasant surprises.
What the regulations say
According to the Mental Healthcare Act
