1. The a part of the medical bills {that a} policyholder has to pay when utilizing medical companies is known as the co-payment. The insurance coverage firm pays the remaining quantity.

2. The co-payment is a set quantity or proportion that’s preset for varied therapies and companies.

3. It’s payable each time the policyholder makes use of a well being service.

4. A copayment clause in a coverage lowers the premium for the policyholder.

5. Normally applies to seniors in medical insurance insurance policies in India.

(The content material of this web page is courtesy of the Middle for Funding Schooling and Studying (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)

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