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Estimation of premium cost for HIV/AIDS patients under ART

Author

Listed:
  • Gurprit Grover

    (University of Delhi
    Bundelkhand University)

  • *Parmeet Kumar Vinit

    (University of Delhi
    Bundelkhand University)

  • V. K. Sehgal

    (University of Delhi
    Bundelkhand University)

Abstract

The primary aim of this paper is to bring an insurance plan for HIV/AIDS patients. Recent studies based on antiretroviral therapy (ART) and highly active antiretroviral therapy (HAART) suggests long term survival of HIV/AIDS patients. Use of cure fraction model has revealed that a considerable proportion of patients are long term survivors out of the diseased cohort (Grover et al. 2019). The survival time is defined under the purview of CD4 cell counts which are considered to be the disease marker for HIV/AIDS patients. Many patients suffer financially along with risk of death. Here, we introduce an insurance plan which involves low risk for insurers and affordable premium for patients. The premium is calculated, using the survival estimates from Kaplan–Meier survival curve, on the basis of a deterministic model.

Suggested Citation

  • Gurprit Grover & *Parmeet Kumar Vinit & V. K. Sehgal, 2021. "Estimation of premium cost for HIV/AIDS patients under ART," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(1), pages 77-83, February.
    • Handle: RePEc:spr:ijsaem:v:12:y:2021:i:1:d:10.1007_s13198-020-01034-2
    DOI: 10.1007/s13198-020-01034-2
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    References listed on IDEAS

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    1. Macdonald, A.S., 1996. "An Actuarial Survey of Statistical Models for Decrement and Transition Data, III. Counting Process Models," British Actuarial Journal, Cambridge University Press, vol. 2(3), pages 703-726, August.
    2. Macdonald, A.S., 1996. "An Actuarial Survey of Statistical Models for Decrement and Transition Data - I: Multiple State, Poisson and Binomial Models," British Actuarial Journal, Cambridge University Press, vol. 2(1), pages 129-155, April.
    3. Macdonald, A.S., 1996. "An Actuarial Survey of Statistical Models for Decrement and Transition Data, II. Competing Risks, Non-Parametric and Regression Models," British Actuarial Journal, Cambridge University Press, vol. 2(2), pages 429-448, June.
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    More about this item

    Keywords

    HIV/AIDS; CD4; Kaplan–Meier; Premium;
    All these keywords.

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