What Is Co-Pay­ment?

Consumer Voice - - Bfsi -

This term means that this is a cost-shar­ing re­quire­ment where the pol­i­cy­holder/in­sured will bear a spec­i­fied per­cent­age of the ad­mis­si­ble claim amount. How­ever, this does not re­duce the sum in­sured. It is a kind of mar­gin money the pa­tient brings in while get­ting ad­mit­ted for cash­less treat­ment. Health in­sur­ance com­pa­nies of­ten re­sort to this ar­range­ment since the cost of treat­ment for se­nior cit­i­zens could be high and this clause en­sures that at least a part of the cost is picked up by the in­sured.

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