Make All Your Insurance Straightforward3 min read
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In most international locations, life and non-life insurers are topic to completely different regulatory regimes and totally different tax and accounting guidelines. The main motive for the excellence between the two sorts of firm is that life, annuity, and pension enterprise may be very lengthy-term in nature – protection for life assurance or a pension can cover risks over many decades Against this, non-life insurance cowl often covers a shorter interval, similar to one yr.
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