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 Introduction to Insurance

Generally, people are not ready to face to risk and this makes them reluctant to take decisions in daily life. Risk is the basic of insurance. In order to cover the losses arising due to uncertainties everyone Wishes to insure that.in this world of uncertainties, we daily come across different types of uncertainties such as fire, floods, death, accidents, theft, earthquake, storms, Etc.and losses arising out of such acts are of great volume and create a greate discouragement and disappointment in this society. Hence, every common man has a fear for such acts which may occur at any time.so human history is a testimony to the fact that man always tried to cover his risks, which ultimately and risk, man has made all round progress almost in all fileds because insurance gave coverage against risks.