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Life Insurance: Deepak Sood
Will health covers by life insurers be portable? If no, why?
The Insurance Regulatory and Development Authority has allowed portability. However, these aren’t portable, as they are long-term (3-15 years). They carry assured benefits which vary. The long-term nature of benefits requires the insurer to create a reserve for such payments, based on actuarial assumptions. The products vary from company
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