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Typically, higher the policy limit, higher will be the premium exchangw. For a life insurance policy, the maximum amount that an insurer pays to the nominee is known as the sum assured. Deductible related to an insurance policy is the amount or percentage that the policyholder agrees to pay out of pocket before the insurer sets in to jealth a claim.
You can also think of it as a deterrent to small, insignificant claims that many people file under their insurance policies. Deductibles are applicable per policy or per claim as defined by the terms of a specific type of policy.
Generally, insurance policies bought with high deductibles are less expensive as the higher out-of-pocket expense results in fewer claims. As defined above, an insurance policy is a legal contract ct health insurance exchange binds both policyholder and ct health insurance exchange insurance company towards each other. It has all the details this web page the conditions or circumstances under which either the insured individual or policy nominee receives insurance benefits from the insurer.
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And she did ct health insurance exchange the doctor with great attention sending in half a dozen of medicine, to be drunk upon the road.