E
eevee
Member
Hi all,
Don't quite understand the concept behind solution 7.12 on page 37 of chapter 7
"If insured has been sick for lengthy period e.g. 2 years, then policy may revert to less stringent definition based on being able to do any job, rather than the job he/she was doing immediately before the current period of sickness. At this stage the insurer may encourage the insured to retrain for a new job, perhaps offering financial support for this training."
Why would that help? Wouldn’t that lengthen the claim duration as claim definition is “more easily” fulfilled?
Thanks,
Don't quite understand the concept behind solution 7.12 on page 37 of chapter 7
"If insured has been sick for lengthy period e.g. 2 years, then policy may revert to less stringent definition based on being able to do any job, rather than the job he/she was doing immediately before the current period of sickness. At this stage the insurer may encourage the insured to retrain for a new job, perhaps offering financial support for this training."
Why would that help? Wouldn’t that lengthen the claim duration as claim definition is “more easily” fulfilled?
Thanks,