Authors :
Sudipta Chakraborty
Volume/Issue :
Volume 7 - 2022, Issue 1 - January
Google Scholar :
http://bitly.ws/gu88
Scribd :
https://bit.ly/3KNzgyv
DOI :
https://doi.org/10.5281/zenodo.5906458
Abstract :
In recent years, health insurance sector has
become one of the fastest growing sectors in India. India
still offers a huge untapped market for health insurance.
Thus, not only increasing numbers of general insurers,
but some standalone health insurance companies have
also penetrated into the industry, challenging others with
better offers and wide array of services. The present study
is an endeavour to fill up the existing research gap by
testing the existence of linkage between the financial
parameter (i.e.; dependent variable) ‘premium collection
intensity’ and selected performance indicators (i.e.;
independent variables), namely; ‘Incurred Claim Ratio’,
‘number of offices’, ‘market share’ and ‘number of
policies issued’ over the five years i.e., from 2013-14 to
2017-18 by the six Standalone Health Insurance (SAHI)
companies operating in India at present using multiple
correlation analysis. The study is based on secondary data
and the findings show that there is strong correlation
between the dependent and independent variables and
hence it can be concluded that premium collection
intensity of the selected health insurance companies has
significant degree of linkage with the performance
indicators considered in the study.
Keywords :
Health Insurance; Premium Collection Intensity; Performance Indicators; Linkage; SAHI Companies.
In recent years, health insurance sector has
become one of the fastest growing sectors in India. India
still offers a huge untapped market for health insurance.
Thus, not only increasing numbers of general insurers,
but some standalone health insurance companies have
also penetrated into the industry, challenging others with
better offers and wide array of services. The present study
is an endeavour to fill up the existing research gap by
testing the existence of linkage between the financial
parameter (i.e.; dependent variable) ‘premium collection
intensity’ and selected performance indicators (i.e.;
independent variables), namely; ‘Incurred Claim Ratio’,
‘number of offices’, ‘market share’ and ‘number of
policies issued’ over the five years i.e., from 2013-14 to
2017-18 by the six Standalone Health Insurance (SAHI)
companies operating in India at present using multiple
correlation analysis. The study is based on secondary data
and the findings show that there is strong correlation
between the dependent and independent variables and
hence it can be concluded that premium collection
intensity of the selected health insurance companies has
significant degree of linkage with the performance
indicators considered in the study.
Keywords :
Health Insurance; Premium Collection Intensity; Performance Indicators; Linkage; SAHI Companies.
