DISCOUNTS FOR DEDUCTIBLES The deductible is the amount of money that the insured has to pay before any benefits from the health insurance policy can be used. This is generally a yearly amount so when the policy starts again, usually after a year, the deductible would be in effect again. Some services, like doctor visits, may be accessible without meeting the deductible first. Usually there are separate individual deductible amounts and total family deductible amounts. Bajaj Allianz are among those insurers that don't offer a discount if you willingly sign up for certain deductibles. To make it simpler, it refers to part of claim, a pre fixed amount (not percentage) that you agree to pay prior to company chips with balance. In such cases, Bajaj Allianz promises a concession of 10 percent in premium if your deductible amount is 10,000. Mahavir Chopra, Head, E-Business, medimanage.com, said, "This is a good way to maintain budgets and plan on your mediclaim premium. Insurance is generally for expenses you cannot manage, and hence, there is a demand for deductible-based discounts. This is prevalent in the western countries.