Insurance Beginner

Deductible / Co-Pay

💡 In plain English: The amount you pay out-of-pocket before insurance kicks in — higher deductible = lower premium.

Definition

The amount the insured must pay before the insurance company begins covering costs in a health or other insurance policy.

📌 Real-World Example

Health insurance with 10% co-pay: Hospital bill ₹3L, you pay ₹30,000, insurer pays ₹2.7L. Or a ₹5,000 deductible: you pay first ₹5,000, insurer covers the rest.

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⚠️ Educational Content: All definitions and examples on this page are for educational and consultancy reference purposes only. They do not constitute financial, legal, or investment advice. Moneykar is not registered with SEBI, CBUAE, SCA, or any financial regulator. Consult a qualified professional before making financial decisions.

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