Insurance can be termed as a necessary evil. Our lives can be safeguarded and protected by insurance policies. In case if accidents occur then the costs of damage on our lives can be paid by the insurance policies. The premiums paid every month will help you undergo the operation easily without you having to pay from your wallet and this is the specialty of life insurance. Just as our life can be insured so can our valuable things. You car, house and other things can be insured as well and all this comes under general insurance.