Humans are accustomed to risks. Be it a theft or burglary, a fatal road accident, natural disaster or death the possibility of a person encountering a risk, can never be underestimated. To mitigate the intensity of risks, it is always advisable to manage them, beforehand. This book explains how to minimize, monitor, and control the probability and impact of unfortunate events, through risk management tools. The chapters are skilfully designed to give a comprehensive approach to the concepts like need of insurance; and the right time to buy the insurance. The essential concepts are dealt with thoroughly to build the foundation of the subject.The book artfully elucidates the roles and the duties of an Agent, and the traits required to become an organised and efficient one. It highlights some of the most important insurance claims, which are only prevalent in the developed countries (US and UK), like tort liability problems, long-term care insurance, personal umbrella insurance and Uninsured Motorist Coverage. The book emphasizes on exposures to mortality, health, disability, auto, overseas and travel insurances. While discussing the topics, like retirement options, it ornately describes various pensions and annuity schemes available including IRAs.The book is primarily intended for the postgraduate students of Management specializing in Finance. However, it will also be beneficial for Risk Managers, and Insurance Agents as well.