What are the reason(s) for increase in health insurance in India?

A. Health consciousness

B. Increased longevity

C. Increase in income

D. All of the above

Answer: Option D

Solution(By Examveda Team)

Health insurance provides people with a much needed financial backup at times of medical emergencies. Health risks and uncertainties are a part of life. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly. Increased income, health consciousness, price liberalization and the introduction of private healthcare financing is bringing the change.