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This is Textbook for Post-Graduate Diploma in Insurance. Insurance business is now thrown open to private enterprise. We have as of now a dozen private Insurers each in Life Insurance and General Insurance Sectors. With IRDA's active regulation, Insurance sector is poised for well-sustained growth in future. Public interest in Insurance is growing. While the prospective agents study the Text Book prepared by Insurance Institute of India, paucity of such book for general public was keenly felt. Insurance is now receiving serious attention by colleges and universities also. This text book prepared as a part of the Study course for post graduate Diploma in Insurance would be found useful also to a layman who wants to know about the basics of Life Insurance. It will satisfy the needs of student population in general as well. Contents : 1. Life Insurance- Principles 2. Life Insurance- Contract 3. Life Insurance- Risk 4. Life Insurance- Policies 5. Life Insurance- Salesmanship Annexures