General Insurance provides much-needed protection against unforeseen events such as accidents, illness, fire, burglary et al. Unlike Life Insurance, General Insurance is not meant to offer returns but is a protection against contingencies. Almost everything that has a financial value in life and has a probability of getting lost, stolen or damaged, can be covered through General Insurance policy.
Property (both movable and immovable), vehicle, cash, household goods,
health, dishonesty and also one's liability towards others can be
covered under general insurance policy. Under certain Acts of
Parliament, some types of insurance like Motor Insurance and Public
Liability Insurance have been made compulsory.
Major insurance policies that are covered under General Insurance are:
Every man has a dream to own a house one day. For an ordinary person it
takes a whole lifetime of savings to build a house. And one cannot
predict a natural calamity like earthquake.
It is said that a healthy mind resides in a healthy body. Hence it is
very important to stay healthy. These days life is very fast and
Legally, no motor vehicle is allowed to be driven on the road without
valid insurance. Hence, it is obligatory to get the vehicle insured.
Travel and tourism is one of the most fast growing sectors around the
world. With rise in standards of living, more and more people are
embarking on journeys and exploring new places.