Copayment
Mar 13, 2015

Copayment

Copayment is a cost-sharing requirement under a health insurance policy that provides that the policyholder/insured will bear a specified percentage of the admissible claim amount. It does not reduce the sum insured. It is a bid to ensure optimal utilization of benefits by policyholders, whereby a percentage of the claim amount will have to be borne by the insured while the insurance company pays the balance. If you find this health insurance term confusing, then check out this comic strip to understand copayment better. To know more about our policies and find the best health insurance cover for yourself and your family, check out our health insurance plans.

Was this article helpful? Rate it

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Like this article? Share it with your friends!

Share Your Thoughts. Leave a Comment Below!

Leave a Reply

Your email address will not be published. All fields are required