what is insurance ?

people dont know the useful of having insurance it is of anytype but it is useful for the present situations.It create a life guarentee for the entire life and no need to worry about the money in the olden days so every minute we are happy for having the insurance . Based on this type insurance can be classified like
1) general insurance
2) health insurance
3) travel insurance
4)business insurance

Based on countries like the usa , uk germany they having the different insurance is there.
for example if we want a insurance for life it can be comes under the one life insurance in this insurance people claims for based on age.
they take the insurance for their children as some policies name like baby policy, money back policy in this variety they have different types of policies is there
  In india we have the insurance given companies like the life insurance corporation(lic)
it offers variety of policies for children to old people so it having the largest sector in the insurance industry.
so every citizen need the policy like us in the usa people having interest in taking the policies because life has no guarentee thats why they can  claim a best policy for their young ones.
In usa the people take policy not only for the life they can claim the policy for the cars , business, properties etc.even some interesting facts like they can claim policy for their pets also how funny people are but the given importance for their loved ones.