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Nitin Gangurde
Contributor
Posts: 22
Registered: ‎23-08-2017

What does co-pay mean in any policy?

What does co-pay mean in any policy?

1 REPLY 1
Nikhil Shetty
Contributor
Posts: 23
Registered: ‎28-08-2017

Re: What does co-pay mean in any policy?

Co-pay refers to the part of the claim amount in an insurance policy which is borne by the insured out of pocket. It is generally provided in a percentage term and is applicable on the claim amount in General Insurance Policies.