Insure for protection, not because it's 'free'

Be wary of online deals by unknown insurers that offer a full refund of premiums

One ad widely available on YouTube offered critical illness cover with an extraordinary offer. PHOTO: SCREENGRAB FROM YOUTUBE
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Is there such a thing as a fully refundable insurance policy that will pay you back every cent you have put in, if you do not make a claim?

Well, yes, if you believe some of the videos circulating on social media. One of these videos explains how the "policy" works:

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