History, asked by tabindahnazir123, 9 months ago

(ii) What is Tax and insurance?

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Answered by NailTheArtist2

7

Insurance is a contract (in the form of a policy) between you and an insurance company, whereby the company agrees to compensate you for any financial loss(es) arising from specific insured events. ... Besides the financial protection you derive from insurance, you can also claim tax benefits on the premiums that you pay.

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