Many people buy health insurance without understanding the co-payment (co-pay) clause—and it can lead to unexpected expenses.
A co-payment means you must pay a fixed percentage of your hospital bill, even if you have insurance. For example, if your policy has a 20% co-payment and your hospital bill is ₹100,000, you'll pay ₹20,000 out of your own pocket, while the insurance company covers the remaining ₹80,000.
A lower premium may seem attractive, but always check whether the policy includes a co-payment clause. Understanding this detail today can help you avoid costly surprises in the future.
Comment "CO-PAY" to learn more before choosing your health insurance policy. #HealthInsurance #InsuranceTips #FinancialAwareness #PersonalFinance
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