We are all familiar with the word “Stress”. This is the bane of this modern day society. While dealing with the rigors of modern day life, most people in today’s society end up in distress due to ever increasing demands, transitions and challenges. This has definite impact on an individual’s productivity and output, but the response mechanism varies from person to person depending on his / her coping methodology to deal with Stress. The purpose of this study is two- fold: to understand the history of stress, typology of stress, theories of stress and to provide suitable understanding in coping mechanism. Eventually, this paper aims in providing an insightful study on different variables associated with stress, and their direct or indirect effects on mental & physical health and impact on relationships will be taken into account. The result and the explanations of this literature might help to find out the main reason for their stressors, best way to cope and greatest technique to use in managing stress.