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Savings and insurance
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Chacha Praise
62 days agoSavings.
This is the act of keeping valuables safe for future use.
Assurance
This is the tendency that something may happen (death).
Saving money in the bank in form of fixed deposit is good but saving it with trusted insurance group is much better.
Reason
Insurance company will pay the deceased beneficiary but some bank on hearing that the policy holder is not more, the bank will not dispense the cash again.