Factors Affecting the Selection of Health Insurance- An Empirical Study

Abstract

A human being can manage to live without a good education ... without a splendid car ... without an opulent house ... , but no one can manage to live without good and excellent health, that too when he/she is living below the poverty line. The reason behind this is, "how the poor can approach the good hospitals like Fortis and others to get good-quality treatment, and how the same can contribute towards the development of a nation?" Moreover, poor health leads to a never ending vicious circle of poverty, because an individual without good health is unable to work, no work means no earnings, and such a person is unable to support himself. So the question arises, what is the need of hour? Should a person first have access to good education; a splendid car; an opulent house? Certainly, the answer would be "No". Every human being primarily should have access to good health care services, and that too, at a low cost. One solution is to take a good health insurance scheme, which is a widely recognized mechanism to finance the healthcare needs of an individual because he/she has to make a gradual contribution for the premium of the insurance scheme.