FSCA aligns waiting periods for funeral policy benefits across insurers
Microinsurers are no longer restricted to imposing a waiting period of three months for a death, disability, or health event resulting from natural causes.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
Read moreMicroinsurers are no longer restricted to imposing a waiting period of three months for a death, disability, or health event resulting from natural causes.
The consultant should have provided the available options to the insured and left it to the insured to decide which category best suited his business.