Factors Affecting the Demand of Health Insurance in India— A Systematic review Ahire Neha1,*, Rishipathak Parag2 1Assistant Professor, Symbiosis Institute of Health Sciences, Symbiosis International (Deemed) University, Pune, India 2Director, Symbiosis Centre for Health Skills, Symbiosis International (Deemed) University, Pune, India *Corresponding Author: Neha Ahire Assistant Professor, Symbiosis Institute of Health Sciences, A Constituent of Symbiosis International (Deemed University) (SIU) Senapati Bapat Road, Pune-411004, India Email: nehaahire@sihspune.org
Online published on 4 June, 2019. Abstract Introduction Insurance penetration in India is close to 16% which means that only very less percentage of the population is covered under some form of Insurance which includes Government Insurance Schemes, Employer based insurance, Private health insurance and Community based insurance schemes. The condition is pitiful, as a huge part of our population does not use health insurance and pay out of pocket to finance their medical expenditures. Such scenario makes it essential to study factors affecting demand of health insurance in India. Aim and Objectives The study aims to bring out various factors affecting the demand of health insurance in India. The objectives include understanding the factors influencing health insurance purchase decision of health insurance. Methodology An exhaustive & comprehensive review of literature was carried out from various studies from all across India & developing countries through online electronic databases. The databases included Google scholar, EBSCO, JStor & website of related nationalised agencies and IRDA. Results The major factors affecting health insurance were found to be low awareness, income, education, health seeking behaviour, availability of healthcare facilities and trust in health insurance companies. Conclusion To make health insurance spread across all segments of India both supply and demand determinants are important. Demographic factors along with socio economic factors play a major role in health insurance penetration. Top Keywords Health Insurance, supply and demand of health insurance. Top |