General Insurance protects us and the things we value. It protect us from differet types of losses i.e fire, flood, storm and earthquake, to theft, car accidents, travel mishaps etc. General insurance covers from fire, flood, storm and earthquake, to theft, car accidents, travel mishaps etc.
Types of General Insurance
Even in most of states, driving without a legal car insurance is considered as illegal. And if you hit any person with your car, it will put you in trouble in case of accident or death. Motor insurance protects us from all demages and liability coverage to a vehicle in case of any accident on road. Having a motor insurance, insurance company will pay all demage to the vehicle. Insurance company will also pay for any third party liability according to the law.
The common motor insurance categories include:
- Car Insurance
- Two Wheeler Insurance
- Commercial Vehicle Insurance
In General Insurance, when you purchase any type of insurance, you pay a monthly and annual premium. A premium amount is the amount that you pay your company insurer for insurance cover. When the insurance cover has been arranged, the insurer will send you a policy shedule. In policy shedule, the amount you have to pay is mentioned in that policy shedule. The amount you have to pay for cover certain risks is decided by insurers commercial decisions.
Health care costs are increasing every year. Health insurance pay for the medical and surgical expenses. A health insurance policy is the only way to mitigate the financial risks of health issues and related medical costs. Health insurance also pay for hospitalisation expenses, ambulance charges and daily cash allowances etc.
The common type of health insurance include:
- Individual Policy
- Family Floater Policy
- Surgery Cover
- Comprehensive Health Insurance
Travel Insurance protects you against misfortunes while travelling. Travel Insurance will cover issues i.e loss of baggage, loss of passport, delay in flight and medical emergency etc.
Different types of travel insurance include:
- Individual Travel Policy
- Family Travel Policy
- Senior Citizen Travel Policy
- Student Travel Insurance
Rural insurance helps rural people, their businesses and their families. Rural insurance helps you in rural and agriculture from part of rural insurance.
Commercial Insurance covers for automotive, aviation, construction, chemicals, foods and beverages, manufacturing, oil and gas, pharmaceuticals, power, technology, telecom, textiles, transport and logistics sectors.
Common types of commercial insurance:
- Property Insurance
- Marine Insurance
- Liability Insurance
- Financial Lines Insurance
- Engineering Insurance
- Energy Insurance
- Employee Benefits Insurance
- International Insurance Solutions
Other Types of General Insurance:
- Property Insurance
- Personal Accident
- Corporate Insurance
- Commercial Insurance
- Fire Insurance
- Crop Insurance