 Background: Health insurance gives the opportunity for people to finance their medical care so that they can alleviate some of their financial pressure.  Objectives: The objectives are to estimate the health expenditure incurred by the teaching faculty and their households and assess the factors influencing those who have not subscribed to health insurance.  Materials and Methods: A total of 150 teaching faculty of various institutes of a private university of 21–70 years age group were interviewed with the help of a pretested, semi‑structured interview schedule.  Results: Most of the faculty members (86.6%) spent ₹1 - ₹500 for doctor fees and diagnostics and around half the respondents (52%) spent ₹1 - ₹500 on medicines. Chi square test was performed and revealed that gender, age, marital status and health expenditure (Doctor Fees, Medicines) had a significant association with regard to non-insured respondents. (p<0.05)  Conclusion: Different income and social groups have a different understanding and expectations regarding health insurance in India. It is important that we increase the awareness of the public with regard to the benefits of health insurance.

Keywords : Health Insurance, Teaching Faculty, Private University, Health Expenditure, Chi Square Test.