AXA is planning to introduce mental health coverage in Indian group policies

The first-ever standalone product in this market will give up to Rs 1 lakh for hospitalisation and Rs 25,000 for virtual sessions with therapists, psychiatrists, and life coaches.

According to a source familiar with the situation, AXA France India is planning to establish India's first-ever mental health insurance cover in its group policies, in collaboration with its Indian insurance partners. The mental health insurance would pay up to Rs 1 lakh for hospitalisation and Rs 25,000 for virtual consultations with therapists, psychiatrists, and life coaches, among others.

The World Health Organization recommends that the cover provide free mental health screening tests (WHO).