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Economy

Microinsurance closes gaps in social safety nets

Supplementary health coverage and crop insurance are important anti-poverty tools in developing Asia

TOKYO   "I was very worried [about the hospital bill] because my father was in [intensive care] for a long time," said Sheryl Tan, recalling the two painful months leading up to her father's death last year. "So I was relieved when I heard that MediShield Life paid 28,500 Singapore dollars ($20,300) out of the total bill of S$30,000."

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