Some of these 23 states are adopting a hybrid model where they would buy insurance for a small amount of up to Rs 50,000 per family as against a cover of Rs 5 lakh under the scheme, which insurers describe as the ‘burning layer’ — or the portion of the sum insured where the maximum claims occur.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KMz1Di
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