Podcast (English) | Term of the week: Voluntary Deductible

| Updated on February 10, 2020 Published on February 07, 2020

Voluntary deductible in car insurance is the amount a policyholder agrees to pay toward future repairs of his/her car at the time of claim. It is not an extra amount paid over and above the premium, but a part of the repairs bill that a policyholder has to bear. The deductible helps reduce the premium outgo for policyholders.

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Published on February 07, 2020