Insurance is known as equitable transfer of the risk of a loss. The following loss happens every human’s day today life that is Definite Loss, Accidental Loss, Large Loss, Affordable Premium, Calculable Loss, Limited risk of catastrophically large losses. To over come the above losses insurance very much important. There is lot of insurance companies are available in the market. Insurance is very important for all humans. Insurance is nothing but equitable transfer of the risk of a loss in any moment. Life insurance is known as to ensure the financial comfort of your family as long as you are around and even after your life got over. temporary insurance is the contract between the policy owner and the insurer. The contract says that the insured money will be null when they died in suicide attempt. Any one of the misrepresentation found by the insuring company the money grounds for nullification. When we are going to claim for our life means we should submit the correct document for the person’s death. Auto insurance is the insurance which is being casted on your automobiles that is if any damage or loss of your automobile you cam claim through this insurance and get 75% of your money back to buy a new automobile.