For DeFi ecosystems, the DeFi Insurance application serves as a secure system. The digital assets are protected from any hacks or bugs because Smart Contract insurance is in place. The worth of DeFi-based Smart Contracts in storing contracts is vulnerable to many flaws. The prominence of DeFi in crypto platforms is due to its transparency & trustlessness. The DeFi insurance system protocol will expose insurance assurance in the final phase, returning to its original role as a community-protected platform. DeFi insurance will quickly expand its range as the insurance industry grows, allowing it to take the lead in the crypto trade market.