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Insurane

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(Querist)
13 October 2013 what is the difference between ins exp & ins investment..it meanse which type of insurance are treated as Invesment or Expeense??
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
13 October 2013 Premiuim paid is considered as exp on insurance like wise commision paid etc is also exp.

Capital sum assured on insurance is called as investment for taking policies.
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@VaibhavJ

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@VaibhavJ (Expert)
13 October 2013 Ryt!!

Expenses are written off in same year, Investment is something against which you received amount spent back in future.

Thanks//VaibhavJ
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