The book, entitled “Modern Banking and Insurance”, (in Malayalam) written by Noushad Chengodan & Ramla. K (Asst. Prof. in Economics, P.S.M.O. College, Tirurangadi), aims to serve as a concise text to the needs of the students of the University of Calicut (3rd semester B.A Economics) under the Choice based Credit and Semester System (CCSS). This book contains five chapters; namely: Module – I: Financial System: Components and Functions; Module II: Recent Trends in Banking: Social Banking & Reforms; Module – III: Insurance: Evolution and Principles; Module – IV: Life Insurance & General Insurance: Structure & Policies and Module – V: Insurance Companies: Uncertainty, Risk & Management.