General Insurance

General insurance, also known as non-life insurance, is a type of insurance that provides coverage for various assets and risks other than life. It offers financial protection against unexpected losses and damages to property, possessions, and liability-related risks. General insurance policies are typically short-term and renewable annually or at specific intervals.

Here are some common types of general insurance:

  1. Health Insurance: Health insurance provides coverage for medical expenses incurred due to illness, injury, hospitalization, or surgeries. It can include individual health plans, family floater policies, and critical illness coverage.
  2. Motor Insurance: Motor insurance includes car insurance and two-wheeler insurance. It provides coverage for damages to vehicles caused by accidents, theft, fire, or natural disasters, and also offers third-party liability coverage for injuries or damages to third parties.
  3. Home Insurance: Home insurance covers damages to residential properties and contents caused by fire, natural disasters, theft, and other perils. It also provides liability coverage for accidents that may occur within the insured property.
  4. Travel Insurance: Travel insurance offers coverage for medical emergencies, trip cancellations, lost baggage, flight delays, and other travel-related risks when individuals travel domestically or internationally.
  5. Fire Insurance: Fire insurance provides coverage for damages caused by fire and related perils to properties, including buildings, offices, and commercial establishments.