- Premium : This is the cost or the charge that you pay while you make the purchase of a plan.
- Deductible : This is a small amount starting with 50 and can go up to as high as 2000 which is the amount that the insured pays before the insurance company starts paying for claim expense. This can be per injury/sickness or it could be per policy period.
- Co-Insurance : This is a percentage amount that the insured pays after the deductible is satisfied, up to certain limit after which the insurance company pays 100%. Usually this would be 10-20%.
- Policy maximum : This is the maximum amount a policy can pay in any kind of urgent emergency situation.