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Is there any similarity between the Insurance concept and the IBTC Silver concept ?

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Is there any similarity between the Insurance concept and the IBTC Silver concept ?

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Ans. The IBTC Silver concept does have a similarity with the Insurance concept. Life Insurance concept is based on the pretext that every one cannot die at the same point of time. Medical Insurance is based on the concept that not everyone can get sick at the same point of time.In a similar manner not everyone can travel at the same point of time.

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