Insurance is a product of need. There are many situations in life when Insurance is just about the crucial difference youwant to have on your side. Both selling and purchasing of Insurance, therefore, act that requires great responsibility. India is a largely unprotected market. The protection gap is a staggering 92%. This means that out of Rs100 that is required to overcome any disadvantageous situations that arise of calamities like Death, only Rs.8 is available to the public at large. This is catastrophic especially as India also has a very weak social security apparatus.