Health insurance policies cover treatment for mental illness, stress or psychological and neurodegenerative disorders without any discrimination between mental or physical illness.

The guidelines issued by IRDAI state that treatment of mental illness will also be provided coverage under standard health insurance policies.To meet hospitalization cost arising out of COVID-19, the regulator ensured that there are dedicated coronavirus health insurance plans in addition to the regular health covers available in the market. But, COVID-19 is also having an impact on the mental health of the individuals. After the outbreak of coronavirus and the subsequent lockdown across the cities, the focus on the mental health of the individuals has also increased. The good news is the regulator had already asked insurance companies to include the coverage of mental illness as a part of the coverage in the health insurance plans in 2018.

“Heath insurance policies now cover treatment for mental illness, stress or psychological and neurodegenerative disorders without any discrimination between mental or physical illness. In case a patient is hospitalized due to mental illness, the policy will cover expenses for medical examination, treatment procedures and rehabilitation as well,” says Rakesh Jain, ED & CEO, Reliance General

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San Antonio, Texas-based USAA Insurance, America’s fifth largest property-casualty insurer, used the sudden change in driving patterns and accident logs as a cue to return money to its policyholders. In 2020, USAA has returned over $1 billion to its policyholders through “auto insurance dividends,” which are helping to keep cash in their pockets at a time of economic uncertainty.

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In

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While motorbikes and cars share the road, there are a few differences to take into account when choosing an insurance policy to suit each kind of vehicle.

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Some are more obvious – like having no windshield on a bike meaning you won’t need windscreen cover – while others might be harder to pinpoint. To make sure you choose the right policy for your set of wheels, be they a pair of two

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A panel of judges has preemptively moved to prevent 1,000 COVID-19-related business interruption (BI) insurance lawsuits from consolidating, which would have swamped the one judge overseeing all the cases.

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Last week, a group of judges said that it would be too unwieldly for one judge to administer over 1,000 BI cases from all across the US, ruling that it would be more efficient

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Various social justice movements around the world have shone a spotlight on issues of discrimination. Considering these social shifts and developments, it’s crucial that property owners and managers both understand the laws regarding tenant discrimination, as well as take steps to mitigate risks they may face by violating tenant rights.

In this environment, tenant discrimination insurance (TDI)

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Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to small businesses battered by the coronavirus pandemic, dashing hopes that a Supreme Court appeal could be easily avoided.

The Financial Conduct Authority (FCA) set a Wednesday deadline for talks with insurers, such as QBE and RSA, to ensure eligible business interruption (BI)

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U.S. life insurers are paying out far fewer COVID-19 death claims than initially expected, largely because the virus is disproportionately killing people with little to no insurance.

In the past few weeks, many life insurance companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. COVID-19 fatalities. Estimates have come down by an average of 40% to

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When Brice Hagood moved to Europe, he wanted to make sure he had enough travel insurance. He went with a pricey type of travel insurance called expatriate insurance that also covered auto and medical. But soon he started to wonder: Did he have too much travel insurance?

“I discovered I was paying almost double what my colleagues were paying—and three times as much as locals,” says Hagood,

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Receiving the best possible insurance is what you want, but you also want to keep your budget in check for your monthly or yearly payments. While being insured is definitely important, your budget needs to be left in a manageable state so you can afford everything else in your life as well.

Finding the best possible insurance is becoming easier due to all the choices, but sometimes insurance can

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‘It is only right… that we also ensure pensioners can see their incomes protected as we build back better,’ said Work and Pensions Secretary Thérèse Coffey

Work and Pensions Secretary Therese Coffey said the bill would give older people ‘peace of mind about their financial health’ (Photo: Getty)

A freeze on state pensions will be avoided as the Department for Work and Pensions (DWP) introduces a bill to ensure the incomes of older people can increase next year.

The impact of coronavirus on the economy and earnings risked leaving pensioners without an uplift in April 2021

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