The co-payment amount is usually a fixed amount for various services and medicines, which vary depending on the nature of the treatment or medication required.
For example: If your insurance policy has a co-payment clause of 10% and your medical expenses are fully Rs. 1,00,000, you have to pay your pocket and the insurer for Rs. 10,000 will have to be paid, the remaining Rs. 90,000 will be covered.
Note :- ClaimBuddy experts helps you to file your Claim.
TPA Stands For Third Party Administrator. It is intermediate between the policy holder and the health insurance company. It provides a supporting role to the insurer in terms of claim.
Health insurance is a type of insurance that provides the policy holder with coverage for medical expenses in case of a health emergency.
If there is a medical problem and you need to be admitted, look at the list of network hospitals of your health insurance company in the area near you and select one.
An important aspect of the cashless mediclaim process is the network hospital. Every health insurance company has a list of network hospitals.
The Sum Assured is the maximum value for one year that your insurance company can pay upon your hospitalization.
The co-payment amount is usually a fixed amount for various services and medicines, which vary depending on the nature of the treatment or medication required.
ClaimBuddy.in is India's first MediClaim support company which acts as one-stop solutions for Claim assistance, Hospital assistance, and Diagnostic Assistance. We are building an ecosystem to ensure Hassle-free insurance claims by leveraging technology, and a set of simple yet powerful processes and operations.
Claimbuddy is not registered and not regulated by Insurance Regulatory and Development Authority of India and doesn't have any tie up with insurance companies and Third party administrator.
