Quick question. Could anyone please explain what “Deduction (per disability) means on the below Axa quote
Cheers All
685
views
0
likes
14
all likes
6
replies
0
images
5
users
TLDR : Answer Summary
The term 'Deduction (per disability)' on an AXA quote refers to the deductible amount you must pay for each claim before the insurance coverage starts. For instance, if you have a deductible of 300,000 and your medical bill is 500,000, you would pay the first 300,000, and the insurance would cover the remaining cost. Some users noted the confusion caused by the term 'disability,' thinking it might refer to specific conditions rather than the general deductible concept.
yes similar. The insurance company will deduct whatever the agreed amount is from the hospital bill and pay the balance. The amount the insurance don't pay you have to pay yourself.
The deductable is what you pay before Insurance coverage kicks in. eg, if the bill is 500,000 you pay 300,000 and insurance pays 200,000 (in the case of a 300,000 deductable).
Is done to make the policy premiums more affordable.
Lynnette *******
A deductable is usually how much they take before settling the bill. Not sure if that's what they mean by 300,000 deductable.seems a lot and needs explanation.
Reply to
Lynnette *******
Reply
Thai Visa Advice and Everything Else
... members · 60% approval rate
The Thai Visa Advice And Everything Else group allows for a broad range of discussions on life in Thailand, beyond just visa inquiries.