IRDAI constitutes Expert committee for matters related to mental health

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The Insurance Regulatory and Development Authority of India (IRDAI) has recently constituted a five-member expert committee comprising medical experts and insurers to advise on matters related to mental health and insurance.

An overview of the news

• The panel has been constituted for two years to advise on matters related to mental health and insurance.

• The committee will provide advice and input on existing insurance coverage and what is offered for mental illnesses.

• It will also provide guidance on terminology and concepts from a medical perspective and aspects related to mental illness from an insurance perspective.

• Pratima Murthy, director of the National Institute of Mental Health and Neurosciences (NIMHANS), has been made the chairperson of the committee.

About the committee

• Dr. Pratima Murthy, Director, NIMHANS, Bangalore, (Chairman)

• Dr. Nimesh Desai, Former Director, Institute of Human Behaviour and Allied Sciences, New Delhi, (Member)

• Bhargav Dasgupta, CEO, ICICI Lombard General Insurance Company Ltd, (Member)

• Dr. S. Kalyanasundaram, Psychiatrist, Bangalore, (Member)

• Mayank Bathwal, CEO, Aditya Birla Health Insurance Company Ltd, (Member)

About Insurance Regulatory and Development Authority (IRDAI)

• IRDAI is the regulatory body responsible for overseeing and regulating the insurance industry in India.

• It was set up to promote and regulate the insurance sector in India.

• It was established on April 1, 2000, under the provisions of the Insurance Regulatory and Development Authority Act, 1999. 

• The primary role of the IRDAI is to regulate and promote the insurance industry in India.