Need Help? Call 1800-123-4003 (9:00 AM to 9:00 PM)
Co-pay in health insurance is the amount of claim that has to be borne by the insured customer in case of hospitalization. The rest of the claim amount would be paid by the insurance company. For instance, if the co-pay under the health insurance policy is mentioned as 205 and the claim amount is 1 Lac, in this case, the customer has to bear Rs.20k from his pocket before the insurance company settled the remaining amount of Rs.80k. The amount paid by the customer from his pocket is known as co-pay in a health insurance policy. The co-pay option reduces the premium to be paid by the customer compared to the health insurance policies without the co-pay option. This is due to a part of the liability is passed on to the customer.
For porting your health insurance policy to another insurance company can apply to such insurance company to port the entire policy along with all the members of the family before 45 days.
Co-payment in health insurance is the amount of claim that has to be borne by the insured customer in case of hospitalization. The rest of the claim amount would be paid by the insurance company. For instance, if the co-pay under the health insurance policy is mentioned as 205 and the claim amount is 1 Lac, in this case, the customer has to bear Rs.20k from his pocket before the insurance company settled the remaining amount of Rs.80k. The amount paid by the customer from his pocket is known as co-pay in a health insurance policy. The co-pay option reduces the premium to be paid by the customer compared to the health insurance policies without the co-pay option. This is due to a part of the liability is passed on to the customer. Few health insurance policies have an inbuilt co-pay option while the other health insurance policies leave the option to the customer to opt for co-pay.
To apply for the Chief Minister Health Insurance scheme, follow these general steps:
To apply for Star Health Insurance in India, you can follow these steps:
HDFC Ergo Health Insurance offers various types of health insurance plans to cater to different needs. Some of the types of HDFC Health Insurance plans include:
Yes, health insurance is a major investment that can protect you from the financial constraints of medical costs for you and your loved ones. It will cover all the medical expenses incurred by the insured and also most of them provide coverage for pre and post-hospitalization expenses.
Yes, Corona is covered under your health insurance policy. IRDA has made it mandatory to cover Corona virus pandemic under all the health insurance policies available in Indian market.
Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.
PolicyBachat Blog
Health Insurance By City
Health Insurance By State
We note that you had left your transaction unfinished the last time you checked in with PolicyBachat. Would you like to continue with the same quotes or look for a new insurance policy?