International Journal ofINTELLIGENT SYSTEMS AND APPLICATIONS IN ENGINEERING

It is expected of today's customer to make decisions about their health that will significantly affect their well-being. However, a fundamental ignorance about health insurance is a significant obstacle to these choices. Healthcare insurance is a cornerstone in ensuring access to healthcare while promoting economic and social stability. This paper examines the global penetration of healthcare insurance and its multifaceted implications for economic development and social equity. Through an analysis of existing literature and data-driven insights, the study highlights regional disparities in healthcare insurance coverage and their effects on GDP growth, poverty alleviation, and the reduction of inequality. The findings emphasize the critical role of policy interventions in expanding healthcare insurance penetration as a means to advance the Sustainable Development Goals (SDGs). The study concludes with actionable recommendations for policymakers and stakeholders to overcome barriers and foster universal health coverage. Quantitative and Qualitative analysis is carried out to take the analysis of the research. Result showed that the India has the lowest coverage 37%) and higher GDP growth (6.8%), compared to other countries.