Health Insurance:
Is defined as "coverage that provides for the payments of benefits as a result of sickness or injury. It includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment"
Premium:
Is an amount paid periodically to the insurer by the insured for covering his or her risk.
determinants:
- Age
- Gender
- Medical History of the Family
- Smoking and Drinking Habit
- health history
- current health status
- lifestyle
- Profession