Insurers Weigh 10% Co-Pay on Health Claims from 2027

Non-life insurers are considering a mandatory 10% co-payment by policyholders on retail health policies from January 1, 2027, capped at Rs 5 lakh per claim, in exchange for lower premiums. The General Insurance Council proposal covers inpatient costs, including accidents, and would bar waivers or recovery from other policies. Outpatient claims stay outside the plan.