Insurers require you tell them about convictions and fixed penalties for 5 years after the offence was committed, so the fees mount up pretty quickly. Albeit a few parts of the application procedure, for example, guaranteeing and insurable intrigue arrangements make it troublesome, life insurance approaches have been utilized to encourage abuse and misrepresentation. Premiums paid by a policyholder are not deductible from assessable salary, despite the fact that premiums paid by means of an affirmed benefits finance enlisted in terms of the Income Tax Act are allowed to be deducted from individual pay charge whether these premiums are ostensibly being paid by the business or representative. Incorporated into these general breaking points are insurance premiums. Most people who are caught by a speed camera end up with three penalty points and a £100 fixed penalty.