INTRODUCTION TO INSURANCE

In our daily life we are exposed to different kinds of risks. Insurance can be a important tool to overcome with such risks and minimize the effect of losses.though insurance doesn't prevent from
happening unwanted event or accident but also insurance protect from the loss by compensating the nature of lost. The amount of money a insurance company take from its client  for risk coverage is called premium.
such premium should be paid to insurance company for the particular period of time.seeing the  policy nature.There are different types of insurance  policies in today's modern world .life , health, fire,vehicle and marine are some of the useful insurance policies .among there life insurance is the most popular , which provides security against death and old age .The nominee or family will get the
fired amount after the persons death.
Health insurance protects from high medical care costs .It is a contract with insurance company where we buy a plan or policy. and the company agree to pay expenses of a medical care when needed.In business large properties are employed and a little negligence may turn property into ashes .By the help of  insurance policy a business person can be sure of his earning because a insurance company will pay fined amount for his damage ,in other hand insurance provides peace of mind by removing tension ,fear, maturity and future uncertainly due to various policies insurance provides strong hand and mind with protection against loss which increases the economic growth of the country.