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What is the long term agreement in insurance. Is it in favor of the insured?

General Insurance
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Question added by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company
Date Posted: 2014/05/08
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Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

 It is usually between5% to10% deduction of the100% annual premium paid by the insured who kept his insurances policy /polices with one insurance company for a long time and renewed them every12 months with the same insurer or insurance company for several years.

   Kind regards

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