What is General Insurance?

Have ever wondered how your valuables like home, car, jewelry would remain protected against theft in case you’re away from home? That’s when general insurance would come into focus. If you want to protect your tangible assets from damage or loss, read how insurance will help you do so with ease.

You may have a life insurance policy that commits to secure the future of your loved ones in case of your sudden death. Just like it is necessary to safeguard one’s life from unforeseen events, similarly, you can also choose to protect your assets like motor, health, home, and others by purchasing a general insurance policy.

There are various types of general insurance; these include:

Motor Insurance

When you’re driving, you cannot be sure that a road mishap will never take place or there may be an instance of your vehicle getting damaged due to a man-made or natural calamity. In such circumstances, you can rely on your motor insurance cover. It gives you financial protection and safeguards you from any legal complications.

Whether you own a bike or car, you need to have at least Third-Party Motor Insurance. It is compulsory to have a third-party insurance cover as per the mandate by the Motor Vehicles Act. The insurance offers to protect you if there’s an accident and offers liability cover for third party damages. However, if you are looking for overall protection, then you can opt for comprehensive motor insurance that includes third-party cover and all types of accidents caused due to a man-made or natural calamity.

Home Insurance

Home is where we all feel protected and where numerous memories are created. When buying or renting a home, we invest our hard-earned money, but we forget to realize that it needs security too. With natural calamities and riots prevalent in India, you need to make sure your home and belongings are well-taken care of. This is where home insurance becomes a necessity.

Travel Insurance

While traveling abroad, you only look forward to happy memories. However, unfortunate incidents never come knocking on the door. For instance, when you’re traveling on a flight, your baggage may go missing, or there may be theft of your asset. In such situations, travel insurance will help you remain stress-free by offering protection for any loss/damage incurred. You love to travel, but does the fear of losing belongings always keeps you worried? Travel insurance would be an ideal choice for you.

Travel Insurance provides financial security in case of an unforeseen mishap whether you’re flying domestically or internationally.