The National Insurance Academy's latest report, based on data released on Thursday, has uncovered a grim reality: a staggering 95 per cent of India's 144 crore population remains uninsured.

95pc of the Indian population remains uninsured: National Insurance Academy

The insurance regulatory body of India has decided to include mental illness under the coverage offered by various insurance companies. According to the latest advisory from the Insurance Regulatory and Development Authority of India (IRDAI), all insurance providers in the country will have to include provision for mental illnesses in all policies by October 31 this year.

Insurance providers in India instructed to cover mental illnesses in policies

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95pc of the Indian population remains uninsured: National Insurance Academy

Insurance providers in India instructed to cover mental illnesses in policies