Advantages and disadvantages banking and insurance industry in india
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Advantages of Life Insurance. Life insurance provides an infusion of cash for dealing with the adverse financial consequences of the insured's death. Life insurance enjoys favorable tax treatment unlike any otherfinancial instrument. Death benefits are generally income-tax-free to the beneficiary.
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Advantages of Banks. Safety of Public Wealth. Availability of Cheap Loans. Propellant of Economy. Economies of Large Scale. Development in Rural Areas. Global Reach.
Disadvantages of Banks. Chances of Bank going Bankrupt. Risk of Fraud and Robberies. Risk of Public Debt.
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