Is Health Insurance Medical Insurance?

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In insurance business activities, does health insurance fall under life insurance? Or does it belong to another type of insurance? Please advise.

Pursuant to Clause 3, Article 1 of the amended Law on Insurance Business 2010, the following provisions apply:

Health insurance includes:

a) Personal accident insurance;

b) Medical insurance;

c) Health care insurance.

Thus, according to the Insurance Business Law, medical insurance is classified under health insurance, and this type of insurance is not life insurance.

Respectfully!

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