Risk and uncertainties are part of lifes great adventure; Accidents, Illness, Theft &Natural Calamities they all are pillars of this world. To overcome these risks and mishaps thisproject describes the policies and schemes of IDBI FORTIS and HDFC STANDRAD LifeInsurance Companies. Theway thesecompaniesprovidedifferent benefits tothe policyholder.Insurance is Cooperative venture where risk and uncertainties are shared by many. Now days alot isbeingdonetocreate awareness amongthe Insuring PublicabouttheImportanceofInsurance in life. In this direction IRDA has planned to create awareness through Electronic andPrint media.A study of Life Insurance describes the meaning of various policies, comparison and analysisand changing market scenario