Why indian gov is not able to provide term insurance to the tax payers.
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In India we are non tax complianed society, because of people are not getting returns on their taxes properly. We do not have social security provided by government however we are paying more taxes. In the first place we pay income tax then multiple indirect taxes... i believe if government start a scheme for giving 100 times of tax paid term insurance maximum limit 1,00,00,000 those people who pay tax will change the mentality of the all the people of India. Most of the income tax payer are paying extra Amount for term insurance for making sure their families are secure in the bad time. If gov will start this scheme, it will encourage other to pay the taxes so that they are secure..
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