Insurance is a legal agreement between two groups for example the insurance agency (guarantor) and the individual (protected). In this, the insurance agency vows to make great the misfortunes of the protected on occurring of the guaranteed possibility (Frick, 1995). The different types of insurances are as follows: Life insurance- As the name recommends, lie insurance is protection on your life. An individual do purchase life coverage to ensure your wards are monetarily gotten in case of your troublesome downfall. Life insurance is especially significant on the other hand that you are the sole provider for your