Mandatory 10% health insurance co-pay: What it means for policyholders

The General Insurance Council is reportedly considering a mandatory 10% co-pay in retail health insurance policies, potentially capped at ₹5 lakh per claim. This means policyholders may have to pay a larger share of their medical expenses. The move aims to reduce the burden on insurers and encourage responsible usage of health insurance. However, it could disproportionately affect senior citizens and other policyholders with higher medical needs.