Insurance is the way of protecting assets, security to the people and helping to each citizen when needed. It insures the life of the people. Furthermore it is helpful in the business world as there is many risk involved in the business. But it can be reduce with the help of insurance. Insurance may be considered a game of risk in which individuals and businesses protect themselves, their families, and their property from possible losses resulting from unpredictable events such as storms, fires, accidents, illnesses and so on.

Firstly an individual pays a small amount of money called a premium to an agent who acts on behalf of an insurance company which holds the individual's premium and the premiums paid by thousands of others, which holds the individual's premium and the premiums paid by thousands of others. The individual gets an insurance policy, a promise that if there is any loss such as destroy the factory by the fire, insurance company will pay for it.

Life insurance is one of the types of the insurance which is related to the protection of the life of the people. Life insurance is a contract in which insured promise to pay a uniform rate of premium at the fixed time against which the insurer agrees to pay a fixed amount. It provides the financial protection against the risk of early death. There are basically three kinds of life insurance that may be purchased by individuals for themselves or others or by employers for their employees. It is believe that the 80% of the business are involved in the insurance. IT was started in England and other European countries in 16TH century.