Market insurance demand and market- India

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The studies clearly indicate that access to microinsurance by the poor and disadvantaged population can contribute significantly to the achievement of the Millennium Development Goals, particularly the goals of eradicating extreme poverty and hunger (MDG 1), promoting gender equality and empowering women (MDG 3) and developing a global partnership for development (MDG 8).

Willingness to pay for health insurance among rural and poor persons: Field evidence from seven microhealth insurance units in India

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This study, conducted in India in 2005, provides evidence on Willingness to pay (WTP), gathered through a unidirectional (descending) bidding game among 3024 households (HH) in seven locations where micro health insurance units are in operation. Insured persons reported slightly higher WTP values than uninsured. About two-thirds of the sample agreed to pay at least 1%, about half the sample was willing to pay at least 1.35%, 30% was willing to pay about 2.0% of annual HH income as health insurance premium.

Social capital and microinsurance: Insights from the field evidence in India

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This article examines the linkages between social capital and microinsurance using evidences obtained from a 2005 household survey conducted across several locations in India. The current body of literature suggests that micro health insurance schemes are in fact able to mobilize social capital for the purpose of encouraging voluntary affiliation of resource-poor persons operating within the space of the informal economy.

Patterns of rainfall insurance participation in rural India

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This paper describes the contract design and institutional features of an innovative rainfall insurance policy offered to smallholder farmers in rural India, and presents preliminary evidence on the determinants of insurance participation. Insurance take-up is found to be decreasing in basis risk between insurance payouts and income fluctuations, increasing in household wealth and decreasing in the extent to which credit constraints bind. These results match with predictions of a simple neoclassical model appended with borrowing constraints.

Micro health insurance in India: Pointers for progress

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One cannot exclude the possibility that insurers and others, insufficiently aware of clients' priorities, seem to misinterpret low demand as reflecting low willingness to pay, ignoring the unattractive value proposition of the main product and the devastating impact on the demand side of cherry picking. One can wonder if those who are interested in making insurance work for the poor in India might be stuck in a vicious cycle, which looks like this: poor products - low demand - low willingness to pay - lowering of premiums - further worsening of insurance product or service.

Demystifying micro health insurance package design - Choosing healthplans all together (Chat)

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This article examines the utilization of a simulation exercise known as Choosing All Health Insurance (CHAT). As a decision tool, this exercise allows variably educated resource-poor populations who are inexperienced with health insurance to select health benefits that they perceive to be relevant. CHAT was adapted to developmental context of India through the project "Strengthening Micro Health Insurance Units for the Poor" (2005-2006).

Cost of illness: Evidence from a study in five resource-poor locations in India

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In India, health services are funded largely through out-of-pocket spending (OOPS). The objective of this article is to provide data on the cost of an illness episode and parameters affecting cost. The data was obtained through a household survey carried out in 2005 in five locations among resource-poor persons in rural or slum India. The analysis is based on self-reported illness episodes and their costs. The study is based on 3,531 households (representing 17,323 persons) and 4,316 illness episodes.

The pulse of a silently transforming India: A socio-economic profile of the micro(health) insurance target population

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This paper analyses the results of a 2005 EU-India Economic Cross Cultural Programme Household Survey. The author gives insight into this segment’s changing needs and how microinsurance schemes can be designed better for a population in continual flux.

Micro health insurance: The quest for a balance between different interests of healthcare providers, clients and insurers

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The three partners in the equation of health insurance are the clients, the providers of care and the insurers. Each of the stakeholders aims at different objectives: providers of healthcare seek to deliver health services, and each provider focuses on those services that it has capacity to deliver. The objective of insurers is to ensure that expenditure levels will not exceed the income. And the objective of clients is to obtain affordable and good quality services that are relevant in their context, through a process that they consider as fair.

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