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Financial advisory
RES5Financial Advisory Services✓Nathan holds two personal accident policies and dies in an accident, having also incurred hospital bills before death. How do the two sections respond?
The fixed capital death benefit is not subject to strict contribution, so each policy pays its agreed sum, whereas the indemnity medical-expenses section reimburses actual costs and can be shared between insurers.
Treating the indemnity medical section like the capital benefits that allow multiple full recovery.
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