A Study on Health Insurance policy awareness and its benefits among Chennai residents
Reshma.P, R.J.T.Nirmal Raj
Health Insurance, awareness, benefits, Chennai, Healthcare financing.
Health insurance is a method to finance healthcare. The ILO defines health insurance as “the reduction or elimination of the uncertain risk of loss for the individual or household by combining a larger number of similarly exposed individuals or households who are included in a common fund that makes good the loss caused to any one member”. To identify and critically analyze the data collected from the Chennai residents, to identify the problems of the residents who do not have a health insurance and to study the benefits of health insurance for individual/family. A simple random sampling was conducted among Chennai residents. A sample of 100 respondents was collected for the data analysis. A percentage frequency distribution was used to analyze and interpret the data collected for the study. The awareness of Health Insurance among the Chennai residents is low. Only 42% of the people knows the benefit of the Health Insurance and have a health insurance. Other 58% of the people does not have a health insurance. The major reason mentioned was the high premium and if the insurance companies do consider on the plans and the premiums, the people will get attracted to invest their money in health insurance.
Article Details
Unique Paper ID: 151275

Publication Volume & Issue: Volume 7, Issue 12

Page(s): 373 - 378
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