The concept of review is to revisit the previous work done on a subject to enhance learning and give a deeper insight to the researcher on the current study. The review of literature not only presents the facts but also leads into various issues and future work which can be done to enhance the subject of research. So in this direction this research tries to systematically review important available literature on Agriculture insurance. Since Agriculture insurance is a vital risk tool to mitigate the extreme events in Agriculture cycle of an individual in terms of economic value. This study tries to highlight various elements of Agriculture insurance concept which will benefit to people at large and can also contribute to the insurance sector in terms of growth.