Co pay concept comes to India (health insurance)

For a long time we have been habitual of near to 100% cost of hospitalization being paid by the insurance co.

National Varishta Bima( senior citizens)has introduced 10% as co pay ,which means 10% will be paid by the insured and rest by Insurance co.Star Health has this fugure at 30 %(with medical examination ) and 50% (without medical examination ).

This is a big change for all of us.

Insurance co's feel this will result in control on the costs as insured will be conscious of the costs.

Let us see how other co's adopt this concept.