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ABI says implementation of Commission report would boost insurance market

The implementation of the report on long term care will boost ltc by making policies much cheaper, according to the ABI.


ABI Director General Mark Boleat says: “The cost of long term care will fall and more people are likely to buy policies if the main recommendation of the Royal Commission is accepted.


“An insurance arrangement for accomodation and other living costs will help many people to have control over the quality of their welfare arrangements.”


The ABI believes that insurance products would prove adaptable to any changed regime.

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