The value of human life is supreme because it posses a brilliant brain to think and good structured body to work efficiently. Now a days every one is worried about the security of his own and of his beloved relations. Therefore he is engtitous to search the means of his economic growth as well as security of his life, which he can achieve through money earned by doing hard work physically or mentally. A man can try to avoid certain accidents/ incidents to occur but still sometimes such accidental events occurs which are not in his control. Such sudden accidents disrupt his future plans and bring darkness in his family. At this juncture he feels himself helpless. Therefore in such a situation Insurance proves to be an umbrella of security. The Govt. has launched so many schemes of insurance to provide security of life and property of its citizen. But in the absence of its knowledge & awareness he is deprived of such benefits.