( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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SOCIO-ECONOMIC FACTORS INFLUENCING UPTAKE OF HEALTH INSURANCE IN RURAL BANGALURU

    2 Author(s):  FAKHRU KHAN Y,DR P SRINIVAS RAO

Vol -  10, Issue- 8 ,         Page(s) : 62 - 69  (2019 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Health insurance in India has huge potential, but largely untapped yet. Healthcare spend in the country is estimated at 2, 00,000 crore, whereas the penetration of health insurance remains very low mainly on account of lack of awareness among consumers. Thanks to various State and Central government schemes, 15 per cent of the population is covered under one or other health scheme. Out of that, only 2.2 per cent of the population is covered under private health insurance.In 2014-15, the industry as a whole had generated 20,443 crore of health insurance premium with 15.6 per cent growth over the previous year. However, going by the recent metrics from the industry, industry has gathered momentum, and will scale new heights in the coming years. India being populous country is an opportunity for verities of services sectors. The research aims to identify the socio-economic background of the respondents and their influence on the uptake of the Health insurance. For the current study, survey of 100 families from the Attibele, Bengaluru have been chosen randomly. The respondents chosen for the study were administered with the questionnaire to collect the primary data. The data was analyzed with the help of the Chi-square test, frequencies and represented in the form of table. The inferences have been drawn on the basis of the results of the test statistic.

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