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Business Topic

Coverage Years of Insurance

Coverage Years of Insurance means total years of the insured person's paying for the premium according to the regulations; the actual paying months will be calculated proportionately if the paying period is less than one year. With effect from January 1, 2012, the coverage years of insurance shall be calculated proportionately according to the actual number of days of the premium paid and on a 30 day/month basis, if the insured period is less than one month.

Last Update:2012-05-09