Inevitability of Micro Insurance to Eradicate Health Issues in the Current Economic Scenario in Krishnagiri, Tamilnadu

Abstract

India’s population has grown to a greater extent with the vast majority of people under poverty line year on year due to continuous effort of Indian Government. In 2009- 10 it was 454 million compare with 43 million in 2019.The middle class population increases to 300 million in 2019, but it was 40 million in 2009-10. The below poverty line people income is Rs.32/day in 2017. Most of this population has not covered by micro or macro insurance. This kind of poverty can be eliminating by micro insurance through its various delivery models which will ensure the faster economic development. This study proposes various implication of health insurance in the economic condition of the rural power.