RISING INSURANCE PREMIUMS, DEDUCTIBLES IN HEALTHCARE SECTOR AND ITS ECONOMIC IMPLICATIONS IN INDIA: A SYSTEMATIC REVIEW OF POLICY MATTERS

Abstract

India’s evolving healthcare landscape faces a critical challenge: balancing universal health coverage with rising insurance premiums and deductibles. While health insurance aims to mitigate financial risks, escalating healthcare costs now threaten accessibility and equity, particularly for vulnerable populations. This systematic review examines the economic implications of these trends, exploring key drivers, household financial burdens, provider impacts, and policy matter as solution- based approaches. Integrating insights from the Insurance Regulatory and Development Authority of India (IRDAI) vision for “Insurance for All by 2047,” this article underscores the need for a sustainable, inclusive insurance framework to ensure equitable healthcare access for all.