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Frequent Contributor
hayat
Posts: 106
Registered: ‎22-03-2016

deductible

What is a deductible?

2 REPLIES 2
Frequent Contributor
rajeshsharma
Posts: 90
Registered: ‎02-08-2016

Re: deductible

Deductible is the component of each claim that the insured has to bear.

Contributor
priyankatiwari
Posts: 21
Registered: ‎17-11-2016

Re: deductible

Most policies, have a component which is voluntary deductible. It is that amount which an insured will have to bear / pay before the health plan takes care of the balance. This essentially reduces the premium paid if you have a deductible clause.