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

2. The co-payment is a set quantity or share that’s preset for numerous remedies and providers.

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. Often applies to seniors in medical insurance insurance policies in India.

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

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