Insurance is a tool by which fatalities of a small number are compensated out of funds
collected from plenteous. It provides financial recompense for losses suffered due to
unanticipated events, and through Acts of Parliament, specific types of insurances are
legally public liability insurance for hazardous substances. It is an arrangement where
the losses experienced by a few are extended over several who are exposed to similar
risks. Insurance companies collect premium to provide security for the purpose, and the
insurance companies act as trustees to the amount so collected. Yogakshema
Vahamyahan, the catch phrase, is the catch phrase.