BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -“A deductible is pre-fixed amount of money that a customer bears either out of pocket or from another health policy, for covered services before the insurance plan starts to pay. In other words, the insurance company is liable to pay the claim amount only when it exceeds the deductible amount opted by the insured.

Detailed explanation-2: -A deductible is an option in a health insurance policy where the policyholder is required to pay a fixed amount before the coverage kicks in. Let’s say you opt for ₹50, 000 deductible in your policy and you make a claim of ₹2 lakh.

Detailed explanation-3: -A deductible is the amount you or your primary insurer has to pay before your super top-up insurance can pay for you. So, for example if you’ve chosen a top-up or super top-up plan of Rs 2 lakhs as your deductible, and Rs 20 lakhs as your Sum Insured.

Detailed explanation-4: -Deductible in health insurance is the amount that the policyholder is required to pay by self for the medical treatment before the insurance company starts covering the expenses. For instance, if the deductible amount under your health insurance policy is Rs. 10, 000, and you have made a claim of Rs.

Detailed explanation-5: -Synopsis. Cashless claim is the process in which the claim amount is directly paid by the health insurance company to the hospital.