A top-up insurance plan within group health insurance covers hospitalization costs. But, only after a threshold limit is crossed. This threshold limit is known as deductible i.e portion of the claim amount that is not covered by the insurer and has to be paid by the policyholder. Once the claim amount crosses the deductible limit, […]
Articles Tagged: Deductible
How can deductible and co-pay help in lowering the prices for GHI?
Group health insurance pricing is a function of claims record, number of lives covered with respective demography, and benefit structure of the policy. An increase or decrease in the benefit structure translates into a proportionate increase or decrease in projected claim costs and hence policy premiums. In this article, we’ll get to know how can […]
What is deductible in Insurance and how does it work?
It is likely that when browsing for insurance, you have stumbled upon the term ‘deductible’. What is a deductible and what are its implications if applied to your insurance policy? If these are questions you would like answered, this post is for you. What is a deductible? Deductible refers to a fixed amount applied to […]