IMPORTANT O F INSURANCE IN FINANCE MARKET

Generally finance means managment of money. In the big organization having financial capital huge, the hu ge capital may be in risks. Insurance can be defined as cooperataive device to spread the loss caused by a particular risk over a number of person who are exposed to it and who agree insure themselves against that risks. This risks ,loss,damage,and incidents may be created incidentally with the cause of nature ,divine and human activities, due to this reason human being may suffer financial crisis. Against such risks a human have devised insurance as a finincial security.

The insurance is the principle against the risk which means the financial loss. The u ncertanity of loss is called risk. The insurance business is multidimension business because it gives benefit directly or indirectly to the organ of society. So far the financial lossis recovered by insurance. there are different kinds of insurance such as life insurance,marine insurance,fire insurance e.t.c.