Deductibles Vs Co-pay In Health Insurance: What They Mean & How They Affect Your Premium | Health Insurance

Deductibles and co-pay clauses can significantly impact your health insurance premiums and claim payouts. Vishwanath Mahendra, ED & CFO, Niva Bupa, explains that a deductible is the amount a policyholder pays before insurance coverage begins, helping reduce premium costs. A co-pay, on the other hand, requires the policyholder to bear a fixed percentage of every claim, encouraging informed healthcare decisions and helping keep premiums stable over time. While these features are widely used in global insurance markets, they are still gaining acceptance in India. Understanding both can help buyers choose a policy that best suits their healthcare needs and budget.