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via livemint.comPolitics

Mandatory health insurance co-pay: General Insurance Council considers 10% co-pay capped at ₹5 lakh

FROM THE WIRE · LIVEMINT.COM

The General Insurance Council is reportedly considering a mandatory 10% co-pay in retail health insurance policies, potentially capped at ₹5 lakh per claim. Here’s what co-payment means, why it is being considered, and how it could affect senior citizens and other policyholders.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAn Indian insurance regulator is considering mandatory co-payment requirements in retail health insurance policies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The General Insurance Council is considering mandatory 10% co-payment in retail health insurance policies.
  2. 02The co-payment would potentially be capped at ₹5 lakh per claim.
  3. 03The measure could significantly impact senior citizens and other policyholders.
  4. 04Co-payment is a percentage of medical costs that policyholders must pay directly.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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