Health Insurance vs Macro and Socio-Economic Indicators

This article was first published in the IIB Bulletin, Vol 1, Issue 4: Co-Author: Vishnu Vardhan, Syed Md. Ismail

https://iib.gov.in/IIB/Articles/IIB%20Bulletin%20Q4%202014-15.pdf

Inference

It may be inferred from the graph and the GLM analysis that higher the Literacy rate and the GDP per Capita, higher will be the Health Insurance Premiums in the State. In a research done at the Indian Institute of Management, Ahmedabad (Bhat & Jain, 2006) it was found that the purchase of health insurance is related to the awareness and knowledge about insurance and also the income of the household. Almost a decade later, our findings suggest the same.

Reference

Bhat, R. & Jain, N., “Factoring affecting the demand for insurance in a micro health insurance scheme”, Indian Institute of Management, Ahmedabad, Working Paper No. 2006-07-02, 29p