An Analysis of Insurance as An Investment Strategy

Abstract

Death and Risk in life are certain but Date of Death and Risk are uncertain and this is the only reason that we are happy today. Uncertainty is the fundamental fact of life and this uncertainty 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 the Second Civilization of India that is the Aryan Civilization way back in 1000BC. The Aryan Civilization or Vedic Civilization gave the idea of “Yougkshema” means a promise to provide community insurance to the risk bearers which are clearly visible in the Indian Scriptures. The global insurance industry is one of the largest sectors of finance. It ranges from consumer to corporate and industrial insurance, and even reinsurance, or insurance of insurance. The major insurance markets of the world are obviously the US, Europe, Japan, and South Korea. Emerging markets are found throughout Asia, specifically in India and China, and are also in Latin America. Indian insurance companies offer a comprehensive range of insurance plans, a range that is growing as the economy matures and the wealth of the middle classes increases. The most common types include: term life policies, endowment policies, joint life policies, whole life policies, loan cover term assurance policies, unit-linked insurance plans, group insurance policies, pension plans, and annuities. General insurance plans are also available to cover motor insurance, home insurance, The present paper aims at understanding the awareness of insurance as an investment strategy with special reference to Angel Broking.