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Honour policy terms to build confidence, IRA tells insurers

Risks in life and business are inevitable and insurance is the safest net to cushion and ease the impact that comes with these risks. [iStockphoto]

The insurance regulator has told underwriters to honour policy terms with their customers to grow the industry.

The Insurance Regulatory Authority revealed that between January and March, about 486 complaints were lodged by customers and policy holders.

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