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Indemnity in insurance: What does it mean? How it works, and why it matters – explained
In everyday language, Indemnity is equivalent to money paid to cover actual damage caused by accidents, theft, legal claims, professional mistakes or other covered events.
The premium for indemnity health insurance, dubbed the "second national health insurance" with 40 million subscribers, will increase by an average of approximately 7.8% next year, the Life and General ...
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