Co-payment clauses
A term requiring you to pay a fixed percentage of every claim yourself. It lowers the premium and raises your cost exactly when you claim, which is the wrong time to discover it.
What it means
A term requiring you to pay a fixed percentage of every claim yourself.
Why it matters to a household
It lowers the premium and raises your cost exactly when you claim, which is the wrong time to discover it.
Where it trips people up
Not noticing it at purchase. Co-pay is common in senior-citizen policies and in some corporate plans.
In an Indian household
On a large hospitalisation, a 20% co-pay on a ₹10 lakh claim is ₹2 lakh from your own pocket. Price the clause, do not just accept it.
Where FamTally comes in
FamTally is a free AI-driven money manager built for Indian families. It holds your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and lets you ask an assistant questions about your own numbers rather than looking up general advice. Everything on this page is the kind of thing it works out for you automatically.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
Co-payment clauses
A term requiring you to pay a fixed percentage of every claim yourself.
Why does it matter?
It lowers the premium and raises your cost exactly when you claim, which is the wrong time to discover it.
What do people usually get wrong?
Not noticing it at purchase. Co-pay is common in senior-citizen policies and in some corporate plans.
Is there anything India-specific?
On a large hospitalisation, a 20% co-pay on a ₹10 lakh claim is ₹2 lakh from your own pocket. Price the clause, do not just accept it.