Poverty eradication is at the heart of everyone in the society. Government, NGO’s, corporate world & the poor themselves want to get out of this social inequity, which makes a section of the population, vulnerable. Poverty is the barometer of a nation’s progress. There are many attributes of poverty like over-population, lack of education, unemployment, crime, diseases, ill health etc. Of all the attributes of poverty, ill health & disease make the poor very vulnerable. An unfortunate event like Illness or death in the family can change the living standard of the poor for the worse. According to World Health Organization report (2006), out of total health expenditure in India, 73% happens through out of pocket spending. This is a very precarious situation as it exposes the poor household to sudden spurt in unplanned and unexpected medical expenses.