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Overview
What is Neptune Mutual?
Just like the traditional parametric insurance products, Neptune Mutual cover pools provide guaranteed payouts upon triggering a set of the predefined event(s). These predefined events are also known as cover parameters. Cover parameters consist of rules and exclusions. Payouts can only occur when all cover conditions are met and no exclusions are present. The term cover incident refers to a state in which all cover rules and exclusions have been met.
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