Human life is a most important asset and life insurance is the most important type of insurance which provides financial protection to a person and his family at the time of uncertain risks or damage. Life is a roller coaster ride and is full of twists and turns. Insurance can be definite as a legal contract between two parties whereby one party called the insurer undertakes to pay a fixed amount of money on the occurrence of a particular event, which may be positive or doubtful. Life insurance is an agreement between policy holder and insurance company, which gives assurance to the rest of the family members to survive best. Life insurance provides both safety and protection to individuals and also encourages savings among people. Insurance policies are to safeguard against the uncertainties of life. The insurance principle comes to be more and more used and useful in modern affairs. Not only does it serve the ends of individuals, or groups, it tends to pervade and to transform modern social order, too. At this juncture, the extent to which Life Insurance goes to attract the investors to create wealth. Investments are both important and useful in the context of present-day conditions of the economy.