Stock Market India, Paisacontrol.com

The insurance has become an integral part of business and human life .The following are the Advantage of insurance:
•    Providing Security:   There is always a fear of sudden loss. There may be a fire in factory, storm in the sea or loss of life .In all these cases it becomes difficult to bear the loss. Insurance provides a cover against any sudden loss.
•    Spreading Risk:    The basic principal of insurance is to spread risk among a large number of peoples. A large number of persons get the insurance policies and pay premier to the insurer .whenever a loss occurs, it is compensated out of fund to the insurer
•    Source for collecting funds:  The premium is received regularly in installments .Large funds are collected by way of premium. It helps in collecting saving from a large number of persons. The funds can be gainfully employed in industrial development of a country.
•    Encourage savings:   Insurance does not only protect the risks but it provides the investment channel too. Life insurance provides a mode of investment. In case of fixed time policies, the insured gets lump sum amount after the maturity of the policies.