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BID NOTICE STELLENBOSCH MUNICIPALITY HEREBY INVITES YOU TO TENDER FOR B/SM:71/23: APPOINTMENT OF AN INSURANCE BROKER TO UNDERWRITE AND MANAGE THE SHORTER INSURANCE PORTFOLIO OF THE STELLENBOSCH MUNICIPALITY

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What is insurance and medical aid?

Insurance is a financial product that provides protection against unexpected losses or damages by transferring the financial risk to the insurer. Medical aid, often referred to as health insurance, helps cover medical expenses and provides access to healthcare services.

Who is required to file insurance and medical aid?

Individuals covered by a health insurance plan or medical aid scheme, as well as businesses that offer health benefits to their employees, are typically required to file insurance and medical aid.

How to fill out insurance and medical aid?

To fill out insurance and medical aid forms, gather necessary personal and medical information, provide details of your policy or plan, and answer specific questions related to your healthcare needs. Follow the instructions carefully and submit the completed forms as directed.

What is the purpose of insurance and medical aid?

The purpose of insurance and medical aid is to provide financial protection against unpredictable health-related expenses, ensuring access to necessary healthcare services without imposing a significant financial burden.

What information must be reported on insurance and medical aid?

Information that must be reported includes personal details (name, address, date of birth), policy information (policy number and coverage details), and medical history or records relevant to the insurance claims.

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