The industry of life insurance in India is still in the developing phase. The introduction of life insurance products was merely 19% of the entire 400 million of the insurable society. Almost 80% of the Indian population is without life insurance coverage while health insurance and non-life insurance remain to be below global standards. The 12 private insurance organisations have already grabbed nearly 9% of the market in terms of premium income. The latest business premiums of the private companies have increased to Rs. 1000 crore in 2007 from the year 2002-2003. However, the state owned Life Insurance Corporation of India's latest premium business has declined. Insurance other than life Insurance comes under the category of General Insurance. General Insurance comprises of insurance of property against fire, theft, personal insurance such as Accident and Health Insurance, and liability insurance which envelopes legal deals. There are also some covering like Errors and Omissions insurance for professionals, credit insurance etc. Most general insurance coverages are, usually, pertaining to yearly deals. However, there are some products that are long-term. Insurance is one of the growing sectors of India. Today, insurance has became a necessity in every individual's life. There are several types of insurance available in India, our country, the important ones are - General insurance and Life insurance. Insurance is a deal between the insurance organisation and the policy holder, where the organisation guarantees a particular sum of money to assign as beneficiary upon the maturity of the policy. In India, the insurance sector has gone through a number of transformations and phases, especially in the past years from the time the Indian Government opened up the insurance industry for private organisations. Nowadays, insurance is a huge source of revenue and business in India with enhanced prospects. General and life insurance in India are still infant sectors with immense potential for several global players. Since the foundation, the insurance market has been considered as a booming market. Insurance policies can be of many types according to various requirements of yours or business. There are primarily two divisions of insurance policy – life insurance policy and general insurance policy. Good general insurance software package should improve your efficiency and profitability of insurance agencies by providing easy to learn systems at affordable prices to you. This product combines ease of use with powerful features giving you a thorough insurance policy in the market. Insurance Systems have a comprehensive software solution to secure all your important assets like car or home.