Have you aver thought why do people need to insure and what are the different types of insurance available in the market. With advance of technology and fast space of life people today are getting more and more unsecured about their life's and their valued possessions due to unexpected and sudden death's and increasing cases of unseen misfortunes like fire ,thefts and riots.
Insurance not only helps in insuring life and valued possessions it is also useful as:

• Superior to an ordinary savings plan as it provides full protection against risk of death.
  
• Encourages and forces compulsory savings unlike other saving instruments, wherein the saved money can be easily withdrawn.
  
• Loan cold be taken against the value of the policy as per the banking and financial rules and regulations as its acceptable as security for a commercial loan.
  
• Offers tax.

Life Insurance
People buy life insurance, because they want to make sure that their loved ones remain financially secure if something happens to them.
Before purchasing a life insurance policy, you should consider your financial situation and the standard of living you want to maintain for your dependents or survivors Will there be adequate funds for future or ongoing expenses such as, mortgage payments, education for children, medical expenses etc.
The need for life insurance comes from the need to safeguard our family. If you care for your family's needs you will definitely consider insurance.

Insurance Against Fire
You may need a Fire Insurance policy. Risk of fire accident may be remote but note that Fire Insurance policy includes risks like lightning, earth quake, cyclone, flood and inundation and damage due to rioting mob, striking workers, malicious and terrorist damage besides a host of other risks

Insurance Against Burglary &Theft.
With increasing urbanization and ever increasing unemployment thefts have become a way of life in many cities of India. To insure Commercial goods and household goods has now become more of a necessity to safe guard one self from unnecessary tension and financial losses.

Electronic Equipment Policy
These days, TV, refrigerator, computer, audio system have become a common household items. The Electronic Equipment policy will cover all your electronic equipment along with your computer.

Health Insurance
One can never be sure when you may require health services. Hospitalization benefit policy is available to suit every pocket. With the policy on hand you can think of best medical services to you or members of your family.

Auto Insurance
You have to be insured against 'Act' risks (M.V.Act). The insurance is compulsory and one should carry a certificate of insurance covering the vehicle, while using the motor vehicle. But this policy does not cover loss or damage to your own vehicle. If you are interested to cover your vehicle against loss or damage, Comprehensive policy may be opted. However, if you will be leaving the car in the garage for long periods (say while going abroad etc.) the car can be covered against "Act" risks + Fire and/or Burglary risks instead of a Comprehensive policy, thus saving the premiums.

Medical Insurance For Abroad
If you are going abroad please note that medical services are very expensive, and it is recommended that you take a policy in India paying premium in Indian currency while your medical services availed overseas, if any, are paid for in foreign currency.