Difference between profit and surplus Abhinav Pahwa 02-03-2017 1 Answers 3 0 TAGS DifferencebetweenprofitandsurplusDictionary Comment: Submit See all questions in Others Surplus is the term used to describe the amount by which a life insurance company's assets exceed its liabilities and capital. On the other hand, profitrefers to the extra income that is not needed to pay for the cost of providing insurance. Dilip Vishwkarma 02/03/2017 2 0 Report Answer
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