There are large number of insurance companies throughout the
world which boost the countries economy. Insurance companies give assurance
both to the business establishments and individuals to safeguard their valuable
properties against accidents, theft, fire, natural calamities and other
unforeseen circumstances like strikes lockouts and other mass agitation.
Besides the above the insurance companies concentrate on individuals health. Life Insurance Corporation of India is very famous in India and abroad. Insurance companies collects amounts by the way of premium and utilize the collected amount for the country’s growth and prosperity.