Life Insurance is of great importance to individuals, groups, business community and general public. Insurance provides financial protection against a loss arising due to an uncertain event. A person can avail this protection by contributing a small premium to an insurance company.
Human life is subject to various risks—risk of death or disability due to natural or accidental causes.
Insurance products available for life and non-life are many. In non-life, apart form personal covers such as accident covers and health insurance, there are products covering liabilities under a particular law and or common law.
Life Insurance Players in India