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MILK Brief #12: "Doing the Math" in Karnataka, India

MILK Brief #12:

The MILK project collaborated with Grameen Koota, a microfinance institution based in the State of Karnataka, India, to study its voluntary health insurance program. Clients receive low-cost inpatient coverage coupled with access to a broad range of discounted outpatient services. We explored some open questions about the value of health microinsurance by assessing how clients coped with a relatively common but serious health shock: high fevers that required inpatient care. While the study focuses on understanding the financial value of the product, it also reveals insights into the product’s service quality and into clients’ perceptions of the product and demand. We find that the insurance alleviated pressures on direct hospitalization costs, but indirect costs were still high, especially opportunity costs for women clients of Grameen Koota who did not own their land but worked as laborers or in trade.

File Name: MILK Brief #12 - Grameen Koota.pdf
Published: 07-18-2012
Document Type: MILK Project documents
Author: Barbara Magnoni, Emily Zimmerman and Taara Chandani for MILK
Country: India
Language: English
Activity: 220 visits to this page

Quote of the Day

"I was stranded in New York City during the 2003 blackout, and for the next two years, I carried a small flashlight in my backpack. The flashlight did not cost much, but its potential to help in another blackout was obvious and to use it I needed only to press a button. For microinsurance to be accepted on a massive scale, it cannot cost much, its value must be obvious, and it must be simple to use." -- Brandon Matthews | Head of Microinsurance, Zurich Financial Services

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