The Long Read

Everything you *need to know* is right above this. Scroll down, only if you'd still like to read more (honestly, why?)

Yes, you can!

Firstly, we are very happy to see that you are taking good care of your mental health. We believe that #MentalHealthMatters and kudos to you for being so brave and strong. 

Coming back to your question, yes, you can get term insurance as long as you meet the following criteria: 

  • Your age should be between 18-65* years

  • You need to have an active income with income proof

  • You must be an Indian citizen - resident, PIO, or NRI

*varies from insurer to insurer

Even if you are a homemaker with no active income, you are still eligible to get term insurance, provided you meet the other eligibility criteria. 

But remember, you have to disclose your mental health status to your insurer.


You need to inform your life insurance company about your mental health condition and treatment to 

  • Get the best term insurance plan for your needs

  • Ensure a hassle-free claim experience for your nominee

As a rule, always disclose all health-related information to your life insurance company when buying a term plan. Failing to do so can result in a claim rejection later on. 


When you are undergoing treatment for mental health problems and are applying for a term plan, you have to disclose it during the application process.

Based on that information, there is some additional information the insurer may require from you/your doctor to do a proper assessment of your health such as

  • Nature, severity, time of diagnosis

  • History of hospitalization

  • History of substance abuse and/or suicide attempts

  • Employment status

  • Present condition

  • Treatment plan and medication - ongoing and past

Depending on your health assessment by your insurer, you can expect one of the following results of your term plan application:

  • Approved - If you’re medically stable and meet all the eligibility criteria

  • Rejected - In case of serious nervous disorders or repeated suicide attempts

  • Postponed - Till your condition stabilizes, especially if you are recently diagnosed

  • Increased premium - If you have combinations of nervous disorders (e.g: depression + anxiety) 

It will, of course, vary on a case-by-case basis.

Remember, it’s ok not to be ok. But do not be discouraged from buying term insurance to secure your family’s financial future.


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