In most cases, the dependents include the spouse, children, and parents.
Taxation Taxation in the context of insurance is a complicated matter especially when you think of it from a global perspective.
However, if you go country-wise, the system would be simple to understand.
This way, they help the dependents live a normal life despite the demise of the concerning person.
At the same time, there is a bit of commerce involved in this.
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