INSURANCE COMPANY

Insurance companies are those which manage the risk by providing
compensation for lose, damage, injury, treatment, fires, etc. In other
words, we can simply say insurance company transfer the risk in to the
amount.
In present world as we can see insurance company are divided into two
types i.e. life insurance and non- life insurance. Insurance provides
different policies for both life and non-life insurance.

Insurance
companies providing life insurance have got different policies, rules
and regulation on the basis of insurance volume and maturity. Clients
choose the best insurance policies as per the facilities of various
companies, which the clients feel best by insurance policy, insured
feel, safe and can do the work without tension and stress. Simply
insurance is a contract. Non-life insurance is the insurance that
cover the loss of properties. The volume of insurance depend upon the
size of the property, means higher the size of the property, higher
the volume of insurance. It is also assumed that life insurance
comprise 20% of the total insurance business performed in the world.
The life insurance is made for person, whereas non-life insurance is
made for properties, and goods. Personal accident insurance, health
insurance, credit insurance etc are some common insurance.

In conclusion, insurance have great role to protect human beings from
financial crisis. Though in developing countries, it is not in practice
but in developed countries even small babies are insurance. A large
number of insurance companies like united insurance company,
insurance company, premier insurance company has been
established as the outcome of liberal policy.