Insurance

Scaled trauma cover may lower premiums

Monday 30th of September 2013

Graeme Lindsay, who acts as a financial adviser coach and risk adviser in his own right, said there was a trend in other countries towards trauma contracts that paid out different amounts depending on the severity of the claim.

People who had suffered a severe event were paid the full amount but if it was a lesser incident, a smaller amount was paid. Lindsay said that helped to reduce pr...

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