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Household risk aversion showed no statistically significant effect on actual insurance uptake (marginal effect = -0.00285, p > 0.10). Institutional trust in financial entities was weakly negative (marginal effect = -0.0676, p < 0.10), indicating that lack of clear understanding and product ambiguity, rather than pure risk preference, suppressed commercial demand.
Marginal product of inputs negatively predicts actual insurance purchase in interlinked villages (coefficient = -0.0221, p < 0.01), sum insured (coefficient = -30.91, p < 0.01), and own cash spent (coefficient = -1.050, p < 0.01). Chemical fertilizer use positively predicts uptake (coefficient = +0.177, p < 0.05).
Stated willingness to pay and actual insurance purchase were uncorrelated or negatively correlated (probit marginal effect = -0.0777, p < 0.10). Among households stating ex-ante willingness to pay at actuarially fair price, actual uptake was 37.2%, compared to 44.3% among those stating no ex-ante willingness. Unsubsidized demand was 0% in the study sample.
Unsubsidized uptake was exactly 0% among study subjects receiving no voucher. Receiving a voucher increased insurance purchase probability by 34.4% to 38.0% (p < 0.01), with only 21% of buyers contributing any personal cash beyond the voucher value.