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6 Cards in this Set
- Front
- Back
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What is limit of participation?
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Maximum amount of benefits arising from all sources that the insured is entitled to receive.
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Insurance product to satisfy needs of an aging population?
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Critical illness and long term care insurance
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What is participation limit?
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To prevent overinsurance during a period of disability
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How to call probability that a risk will materialize?
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Morbidity
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What is the principle that makes it possible to offer quality insurance to all individuals?
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Mutuality
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What is purpose of co-ordination?
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To avoid better remuneration when disabled than when working.
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