Deductible in health insurance is the amount you have to pay before the health insurance company begins paying up the claim amount.
This means the insurer is bound to pay the claim amount after it exceeds the deductible amount.
For example, If your health insurance claim amount is Rs. 2,50,000 and your policy’s deductible amount is Rs. 1,00,000, then you pay Rs. 1,00,000 while the balance amount of Rs. 1,50,000 is paid by the health insurance company.
Learn More about: Co-Payment, Cashless hospitalization
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article