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 KCSE business studies paper 2 revision questions and answers set 3

Explain five emerging issues in insurance industry.

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Answer Text:
-Education policy:due to increasing cost especially in secondary and tertiary institutions, it has necessitated the need for school fee policy
-Key-man’s insurance policy:is a policy taken out by an organization to cover an employee deemed
crucial to the organization to cover continued profitability
-Funeral and benevolent fund:assists members or their families cater for funeral costs over death.
-Medical insurance:it enables the insured to claim not more than the cost of treatment


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