Adoption of Health Insurance as a Financial Safety Net among Working Professionals in Amravati City

Abstract The increasing cost of healthcare and the rising prevalence of lifestyle-related diseases have made financial preparedness a critical concern for working professionals. Health insurance serves as an essential financial safety net by psrotecting individuals and families from unexpected medical expenses and reducing out-of-pocket healthcare costs. This study examines the adoption of health insurance among working professionals in Amravati City, with a focus on awareness levels, influencing factors, perceived benefits, and barriers to adoption. A descriptive research design was employed, and primary data were collected through a structured questionnaire administered to working professionals across various sectors. Secondary data were sourced from academic journals, government reports, and insurance industry publications. The findings indicate that awareness, affordability, trust in insurance providers, financial literacy, and perceived risk significantly influence health insurance adoption. Keywords Health Insurance, Financial Safety Net, Working Professionals, Awareness, Insurance Adoption, Amravati City