About 7% of our economy’s GDP is contributed by the insurance industry as a whole. Because of the increasing market rivalry brought on by market liberalization, insurers now have to provide better customer service. Taking advantage of the demand forThe IRDA introduced
the idea of health insurance in order to provide top-notch medical care and adhere to international standards. Insurance companies had to follow cutting-edge and growing distribution methods in order to gain a foothold with consumers for health insurance. The first goal of this study is to determine the relationship between the family’s yearly income and the factors that influenced the respondents’ commitment to paying premiums for their health insurance policies. Finding the relationship between premium payment and amounts insured is the second goal. Health insurance has changed the game and served as a useful tool for the insurance sector, the medical community, and the general public by making peace of mind more accessible. The study’s findings indicate that although people are aware of health insurance, they are not forced to get it.