What is Insurance deductible- How Deductible works

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Compulsory Deductible	Voluntary Deductible
The excess amount that is fixed by the insurer which the insured will bear in the claim amount.	The excess amount that is fixed by the insurer which the insured will bear in the claim amount.
Compulsory Deductible does not affect the premium.	Voluntary Deductible affects the premium directly. Higher deductible means lower premium and vice versa.

What is an Insurance Deductible?

How does Insurance Deductible Work?

What happens when the claim amount is less than the Deductible?

Types of Deductibles in Car Insurance

Compulsory Deductible

Voluntarily Deductible

Types of Deductibles in Health Insurance

Difference between Compulsory Deductibles and Voluntary Deductibles

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