Many Indian Organizations Lack Mental Health Benefits In Group Insurance Plans: Report

Mental health concerns have been a major concern in Indian workplaces, especially after the COVID-19 epidemic. With the transition to hybrid work patterns, the demand for appropriate mental health care has never been greater. Marsh McLennan India has released a study highlighting serious gaps in employee mental health insurance coverage.

According to the report, 43 per cent of Indian organizations do not offer mental health benefits in their group medical insurance plans. This research is based on a survey of 150 companies in India. This leaves a sizable segment of the workforce without proper assistance especially since mental health difficulties persist in the post-pandemic workplace.

The report highlights how Indian employees are working longer hours compared to their counterparts in other major economies. The transition to hybrid work models which combine remote and office-based employment has blurred the distinction between professional and personal time and increased stress levels.

High-performance demands and an always-on culture, particularly in IT, finance, and startups, increase employees' mental health difficulties.

Gaps in Insurance Coverage

Despite the fact that the Mental Healthcare Act of 2017 in India requires equal coverage for mental and physical health, the research highlights the fact that many group insurance policies still prioritize inpatient treatment above outpatient services such as counseling, therapy, and medication management. As a result, India's use of mental health claims is still significantly behind estimates at less than 1 per cent.

The report also identifies critical barriers to mental health care, such as stigma, lack of awareness and the exclusion of important treatments like substance abuse and self-harm from many group insurance plans. These exclusions further limit access to comprehensive mental health care.

Need for Improved Coverage

It is advised by Marsh McLennan India that organizations examine their group insurance policies more frequently to make sure they are meeting the demands of their employees about mental health. The research also highlights the need to lower stigma around getting assistance and increasing public knowledge of the resources for mental health care that are currently available.

The findings also represent that businesses should take bolder initiatives to improve workplace mental health. According to the survey, 87 per cent of employees have worked despite feeling mentally ill and 63 per cent are dissatisfied with their companies' mental health coverage.

As workplace stress and mental health concerns grow, employers must address gaps in mental health insurance coverage. Providing comprehensive benefits can improve employee well-being and productivity.

Marsh McLennan's CEO, Sanjay Kedia, stated that the company offers insurance options that include mental health treatments beyond hospitalization, ensuring smooth access to care for workers. Mental health awareness is not enough. Organizations require comprehensive programs that include mental health issues from early intervention to rehabilitation. A well-rounded insurance plan promotes employee well-being and distinguishes businesses in today's competitive market."