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Question No: 03 (5 Marks) Why companies need insurance? What kind of insurance is needed for product oriented organizations? What is your opinion on operations

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Question No: 03 (5 Marks) Why companies need insurance? What kind of insurance is needed for product oriented organizations? What is your opinion on operations of "National Insurance Companies and Foreign Insurance Companies? Which companies are the better option to opt for Insurance? Explain in details with reasons

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