Determination of Annual Net Single Premium Health Insurance for Epidemic Cases with Model Susceptible-Infected-Recovered

Astrid Fitriolita (Department of Mathematicsatika, FMIPA, Jenderal Soedirman University)
Agung Prabowo (Department of Mathematicsatika, FMIPA, Jenderal Soedirman University)
Mashuri Mashuri (Department of Mathematicsatika, FMIPA, Jenderal Soedirman University)
Suryanto Suryanto (Department of Public Health, FIKES, Jenderal Soedirman University)
Usman Abbas Yakubu (Department of Mathematics, Yusuf Maitama Sule University, Kano, Nigeria)

International Journal of Quantitative Research and Modeling
Vol. 4 No. 4 (2023): International Journal of Quantitative Research and Modeling

The calculation of a single annual net premium for health insurance from the epidemic disease SIR model has two models, including a single annual net premium with an inpatient benefit model and a single annual net premium with a lump sum benefit model. This study used Bank Indonesia’s annual interest rate of 6,5% and the calculation used the equivalence principle. The calculation results from one of the original data obtained an annual net single premium with inpatient benefits is IDR 418,359 for a benefit IDR 1,000,000 and the single annual net premium with lump sum benefits is IDR 15,949 for a benefit of IDR 1,000,000.