INSURANCE
Human life is open to many risk &
uncertainties. For instance, accidents, death, destruction of property
by fire, floods, etc. May take place at any time. Insurance is a
device, or rather a means, to minimize the evil effect of this risks
and uncertainties on a man. It does not eliminate risks, but it gives a
an protection against risks
There are
countless risks in every sphere of life.The chances of occurrence of the
events causing losses are quite uncertain because these may or may not
taken place. For e.g. a biker is always subjected to risk of head
injury.But it is not certain that the accident causing him head injury
would definitely occur. Still he occur his head with a helmet.Insurance
is like the helmet that protect the bicker from contingent accidents and
ultimate danger.
Types of insurances are as follow :1) Life Insurance
2) Marine Insurance
3) Fire Insurance
