General Insurance
General insurance, also known as non-life insurance, is a type of insurance that provides coverage for a range of non-life risks and assets. It offers financial protection against various uncertainties, such as property damage, liability claims, health-related expenses, and more. Unlike life insurance, which covers the risk of death, general insurance focuses on protecting against losses and damages to property, possessions, and individuals.
These are just some of the common types of general insurance. The coverage and terms may vary based on the specific policies offered by insurance providers in different countries or regions. General insurance policies can be customized according to individual needs and risks.
It is important to carefully review the terms, coverage, exclusions, and premiums of general insurance policies before purchasing them to ensure they meet your specific requirements and provide adequate financial protection.
Here are some common types of retirement plans:
Property Insurance:
- Home Insurance: Covers the structure and contents of a home against risks like fire, theft, natural disasters, and liability.
- Commercial Property Insurance: Provides coverage for businesses against property damage, theft, liability, and business interruption.
Motor Insurance:
- Car Insurance: Covers vehicles against damage, theft, and third-party liability in case of accidents.
- Two-Wheeler Insurance: Provides coverage for motorcycles, scooters, and other two-wheeled vehicles.
Health Insurance:
- Individual Health Insurance: Covers medical expenses for an individual, including hospitalization, surgeries, and treatments.
- Family Floater Health Insurance: Provides coverage for the entire family under a single policy, with a shared sum insured.
Travel Insurance:
- Travel Medical Insurance: Covers emergency medical expenses, evacuation, trip cancellation, and lost baggage during travel.
- Travel Accident Insurance: Provides compensation for accidental death, disability, or dismemberment during travel.
Liability Insurance:
- Public Liability Insurance: Protects individuals or businesses against claims for third-party injury or property damage.
- Professional Indemnity Insurance: Covers professionals against claims for errors, omissions, negligence, or professional misconduct.
Marine Insurance:
- Marine Cargo Insurance: Provides coverage for goods transported by sea, air, or land against damage, loss, or theft.
- Marine Hull Insurance: Covers the hull and machinery of ships and boats against damage, accidents, or losses.
Miscellaneous Insurance:
- Personal Accident Insurance: Provides coverage for accidental death, disability, or injury.
- Burglary Insurance: Covers loss or damage to property due to burglary or theft.
- Fire Insurance: Protects against damage or loss caused by fire.
