Full coverage· Economy· Updated
Clal Insurance to Grant NIS 83 Million in Discounts in Long-Term Care Insurance Class Action Settlement
A class-action settlement approved by Judge Avi Gurman requires Clal Insurance to provide NIS 86 million in discounts on long-term care insurance to members of Maccabi Healthcare Services. The lawsuit, filed in 2016, alleged a breach of a promised 20% discount.
2 newsrooms · 1 language · since
Plus
What happened
- 01Clal Insurance will provide NIS 86 million in discounts to long-term care policyholders in a class-action settlement.
- 02The settlement benefits Maccabi Healthcare Services members who held both collective and individual long-term care policies.
- 03The lawsuit, filed in 2016, alleged Clal Insurance failed to provide a promised 20% discount on individual policies.
- 04Policyholders will receive discounts on past payments and future premiums, totaling NIS 86 million.
- 05Representative plaintiff Yariv Aaron receives NIS 1.6 million, and attorneys Yaniv Statis and Shlomi Mushkovitz receive NIS 10 million.
The settlement will benefit policyholders through past discounts and future reductions. The representative plaintiff will receive NIS 1.6 million and attorneys NIS 10 million.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- CentreNone
- RightNone
- HarediNone
- ArabNone
- Other2
How it broke
See which of the 2 newsrooms broke it, and who waited