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History of insurance and tax industry shows several developments during past few years. People are now buying these services with increasing trend. home insurance increased by 7.3% in 2003 and medical insurance by 8.5%. Insurance initially started in 1939 and now offers insurance quote in different categories like health insurance etc. how to invest in any insurance scheme depends on individual needs. Proper tax credits started in 1861 with the tax act of 1861 including clauses on inheritance tax and others.