Square Insurance Brokers Private Limited was incorporated in the state of Rajasthan as Pvt. Ltd Company. Square Insurance act as a Direct Insurance Broker by IRDA under Insurance Brokers Regulations, 2002, granted with license in April 2017. Insurance as defined is a financial risk management tool in which the insured transfers a risk of potential financial loss to the insurance company that mitigates it in exchange for monetary compensation known as the premium. It is an important aspect of each individual's life to continue with financial well-being of family in case of any eventuality. Though we all are familiar with the term "insurance", there exists a huge gap while analyzing the need for insurance.