INSURANCE COMPANY

Insurance company is the financial organization which protects the property of the public and gives the service of security to them. Insurance company means that company which bears loss of the people, if the insured person property get damaged then the insurance company bears the insurance of the property after the investigation. As we know that insurance company is established for the public welfare but at some place company is not paying full insurance because of the negligence.

In the end of the month we have to pay the insurance premium which is the service charge of the organization. If he person dies he will be return back with all insurance premium and insurance amount. Insurance are of two type’s life insurance and non-life insurance. Under the life insurance human beings whole life insurance, education of children is done but under the non-life insurance fire insurance, airways insurance is done. Insurance company is also the important parts of the human beings to reduce loss of their property. All the insurance company is established with same purpose or to reduce the people loss.