This is a benefit option that helps you to increase your sum insured according to your need at a lower cost. The company will pay for any claim amount over and above the chosen deductible amount in a policy year and also in this way, you can down your premium amount by 50%. Here is the illustration. Deductible amountBase sum insured up to Rs. 20 lakhsBase sum insured above Rs. 20 lakhs Rs. 25,00025%15% Rs. 50,00040%30% Rs. 1 lakh50%40%