Insurance and Banking

Economic reforms over the last one and a half decades have radically transformed the operational environment which increases the significance of insurance and banking system. Both of them provide fast promising financial services. It performs remarkable feats by insuring the insurable public and increases the savings and investment in metro cities, big towns and rural areas also. In this paper, an attempt has been made to throw light on basic concept of insurance and banking, contemporary issues related to insurance, link between insurance and banking.