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Health & Illness Insurance
What are health and illness insurance?
Health insurance represents an agreement between an insurance company and an individual. In this arrangement, the insurance company commits to covering a portion or the entirety of the insured person's medical expenses, while the individual pays a monthly premium in exchange. Typically, this contract spans a duration of one year, during which the insurer assumes responsibility for covering defined costs associated with illnesses, injuries, pregnancy, or preventive healthcare measures.
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