Insurers reportedly weigh mandatory 10% health co-pay
In short
The General Insurance Council is reportedly considering a mandatory 10% co-pay for retail health insurance policies. The co-pay may be capped at ₹5 lakh per claim.
This could raise out-of-pocket costs for policyholders, especially senior citizens. The source does not say whether the plan is final or when it might start.
What the reporting says
The General Insurance Council is reportedly considering a mandatory 10% co-pay in retail health insurance policies, with the amount potentially capped at ₹5 lakh per claim. The publisher summary says the move could affect senior citizens and other policyholders, but it does not say whether any final decision has been taken. What remains unknown is the scope, timing and official status of the proposal.
Why it matters
The General Insurance Council is reportedly weighing a mandatory 10% co-pay on retail health insurance policies, with a possible cap of ₹5 lakh per claim. The summary says senior citizens and other policyholders could be affected. Because the source is only a publisher summary, it is unclear whether the proposal has been approved, when it would apply, or how broadly it would cover policies.