An Analysis of Insurance as An Investment Strategy

Death and Risk in life are certain but Date of Death and Risk are uncertain and this is theonly reason that we are happy today. Uncertainty is the fundamental fact of life and thisuncertainty leads to fear of risk in life. In spite of taking all necessary precautions,accidents occur. So, Insurance is one of the best techniques to face this uncertainty.It is worth interesting to note the origin of the concept of Insurance is as old as theSecond Civilization of India that is the Aryan Civilization way back in 1000BC. TheAryan Civilization or Vedic Civilization gave the idea of “Yougkshema” means a promiseto provide community insurance to the risk bearers which are clearly visible in the IndianScriptures.The global insurance industry is one of the largest sectors of finance. It rangesfrom consumer to corporate and industrial insurance, and even reinsurance, or insuranceof insurance. The major insurance markets of the world are obviously the US, Europe,Japan, and South Korea. Emerging markets are found throughout Asia, specifically inIndia and China, and are also in Latin America.Indian insurance companies offer a comprehensive range of insurance plans, arange that is growing as the economy matures and the wealth of the middle classesincreases. The most common types include: term life policies, endowment policies, jointlife policies, whole life policies, loan cover term assurance policies, unit-linked insuranceplans, group insurance policies, pension plans, and annuities. General insurance plansare also available to cover motor insurance, home insurance,The present paper aims at understanding the awareness of insurance as aninvestment strategy with special reference to Angel Broking.