What is insurance?

Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

Insurance is the key to good financial planning. On one hand, it safeguards your money and on the other, ensures its growth, thus providing you with complete financial well being

Why Insurance?

There are many reasons , such as :
  • To maintain your standard of living (Protect the income stream of your family).
  • Create or sustain a family's wealth.
  • Provide a source of retirement income.
  • Pay off debts and provide money at the death of the insured.
  • TO maintain funds for child Education.

Types Of Insurance


Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils.