A Review of Insurance Policies as Financial and Risk Management Tools

Author(s)	Manish Kumawat, Dr. Deepika Chaplot
Country	India
Abstract	The modern financial environment has seen a deep transformation in the function of insurance policies beyond their classical preventive status. This review addresses the complex dimension of insurance as a tool for risk transfer and an advanced financial tool, based on current literature and market trends. Through close scrutiny of scholarly research and real-world application, this paper responds to the ways in which insurance policies play a dual role in contemporary financial management—ensuring protection against uncertainty while at the same time acting as investment horizons and liquidity solution providers. The review combines evidence from a range of disciplines, covering aspects of consumer conduct, organizational success, and technological revolutions rewriting the contribution of the insurance sector to financial planning
Keywords	Insurance policies, financial instruments, risk management, investment vehicles, financial planning.
Published In	Volume 7, Issue 5, September-October 2025
Published On	2025-10-13
DOI	https://doi.org/10.36948/ijfmr.2025.v07i05.58141

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