Doing the Math: Health Microinsurance in Maharashtra, India

Description: 

The MILK project partnered with the global insurance intermediary MicroEnsure to study the extent to which a health microinsurance product covering inpatient care offered value to clients in terms of reduced spending and improved access. There is strong evidence that insurance can reduce the out-of-pocket spending for families when large health crises hit, features, exactly how benefits are delivered, and the socio-economic characteristics of the target community. The findings suggest that while the insurance coverage offered some relief, access to low-cost loans and the ability to divert current income toward the costs of the health crisis remained critical to clients’ ability to finance these costs.

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Author: 

Barbara Magnoni and Taara Chandani

Publisher: 

MILK

Number of pages: 

9

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