A person who wants security for his property then the best option for him is to take insurance from insurance company. In future, any loss occurred like theft, fire, accident etc. then it is suffered only by the insurance company. Losses which are related to the natural calamity are not included in insurance. Insurance is a medium through which minimize the economic losses. To cover the loss, amount is paid to the insurance company in monthly, quarterly, and half year is called insurance premium.