Atmospheric risk to human life, health and resources. From ancient times the people have been dealing with losses, disasters and accidents. There is no guarantee of what will happen in the future. People want security for this. The introduction of insurance for risk management and security dates back to the 1300's. As time has evolved and new aspects have been added to the way of life, so has the attitude towards insurance. There are two types of insurance. The first is life insurance, the second is general insurance.