NISM 10B Investment Adviser Level 2 Notes
Page 22 Of 180
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Third-Party Motor Insurance: Mandatory, covers liability to others.
Add-On Covers: Optional benefits like zero depreciation in motor insurance.
Deductibles: Amount borne by insured in non-life policies.
Co-Pay: Percentage of claim paid by the insured in health insurance.
Pre-Existing Diseases: Conditions existing before policy inception, often excluded.
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