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Vesna [10]
3 years ago
12

What is the benefit of purchasing a generalized insurance policy?

History
1 answer:
ale4655 [162]3 years ago
7 0

The benefits of buying or purchasing a generalized insurance policy are (1) it provides financial security in case of an accident, unfortunate or an unexpected future event (2) it relieves you from tax burden by way of income deductions and (3) it aids in financial planning and it (4) encourages people to save for the future.

 

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