Discussion Forum

Health Economics & Financing-WP(A) (Summer-21)

Health Economics & Financing-WP(A) (Summer-21)

by shamima akhter shamima -
Number of replies: 0

  • Define Health Insurance using your own language. 
Health insurance is a type of insurance that covers medical expenses that arise due to an illness. These expenses could be related to hospitalization costs, cost of medicines or doctor consultation fees.

  • Define Premium and its determinants. 
Premium is an amount paid periodically to the insurer by the insured for covering his risk. ... For taking this risk, the insurer charges an amount called the premium.