There is direct evidence that the pandemic has adversely affected the mental health of Canadians.<\/p>\n
According to a report released by the Canadian Life and Health Insurance Association on the 15th, life, health, and retirement-related insurance claims totaled $113 billion last year, nearly $10 billion more than in 2019.<\/p>\n
The association believes that the main cause of the increase in claims is the deterioration of the mental health of customers.<\/p>\n
According to the report, a total of $580 million in mental health benefits were paid out last year through individual and group health insurance benefits, a 75% increase over 2019.<\/p>\n
Despite the growing importance of mental health-related support, some businesses are ignoring it. According to a study by Benefit Canada, which deals with workers’ pension and health benefits, only 19 percent of Canadian companies increased their support for their employees’ mental health last year, according to a study.<\/p>\n
The Bank of Nova Scotia has increased the mental health insurance limit for eligible employees and their dependents from $3,000 to $10,000 per year. Coca-Cola Canada also expanded its mental health insurance coverage from $1,500 to $5,000 per year.<\/p>\n
Meanwhile, some insurers are of the opinion that it is difficult to estimate the extent of the pandemic’s damage to Canadians’ mental health from the amount of claims alone.<\/p>\n
According to a report by Sunlife Financial, the effects of large-scale disasters such as SARS and Corona on mental health are not immediate.<\/p>\n","protected":false},"excerpt":{"rendered":"