Estimation of Premium Cost for HIV/AIDS Patients Under ART in Presence of Prognostic Factors

This paper focuses to introduce an insurance plan for HIV/AIDS patients by incorporating the prognostic factors. High death rate among the HIV infected people always made a poor attention towards the insurance companies. The use of ART has declined the death rates drastically over the years which show a clear path for sustainable insurance plan. The long term survivors among HIV/AIDS patients can be treated as any other patient. The diagnosis involves a lot of time and financial investment. An affordable insurance plan will support the next of kin in case of patient's death. The survival probabilities in the presence of prognostic factors are obtained using COX-PH model and hence the cost of the premium is obtained using actuarial model.