Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Co-payment is a clause requiring the policyholder to pay a fixed percentage of every claim amount, with the insurer covering the rest.
A rule where you pay a set share of every hospital bill, and insurance covers the remainder.
Common in senior citizen policies (often 10–30%) to keep premiums lower; differs from a deductible, which is a fixed amount rather than a percentage.
With a 20% co-payment clause, a ₹2 lakh hospital bill means the policyholder pays ₹40,000 and insurance covers ₹1.6 lakh.
A rule where you pay a set share of every hospital bill, and insurance covers the remainder.
Co-payment (Health Insurance) helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.