Under the description for Permanent and irreversible, there is this statement that I am failing to comprehend, please help!
"By requiring that the illnesses covered are both permanent and irreversible, the insurer should be reducing the risk that claims that do not meet the purpose of the cover, ie covering more serious conditions, rather than leading to windfall claims."
"By requiring that the illnesses covered are both permanent and irreversible, the insurer should be reducing the risk that claims that do not meet the purpose of the cover, ie covering more serious conditions, rather than leading to windfall claims."