What Is General Insurance?
Life is filled with excitements and full of risks. Some uncertainties and unexpected events can really pull you down.
General Insurance helps you to safeguard yourself and the things around, which you value alot. These may include your home, car and other valuables, business, and employees, etc.
Therefore, General Insurance Plans provide financial protection from the impacts of unforeseen and uncertain situations. It also covers us from the expenses spent on the legal actions. In short, you have the option to choose the right type of cover and the right type of insurance policy as per your requirements for both your business and personal needs.
General Insurance vs Life Insurance
Do not get confused between Life Insurance and General Insurance. They both cater to different aspects in life.
Life Insurance looks after risks of death and its consequences, whereas, General Insurance helps in protecting risks due to other aspects of life and its diverse assets.
The tenure for a general insurance is not like the tenure we have in life insurance. Mostly these types of insurance are yearly contracts.
Click on the insurance category images below to find out more about each type of insurance in the category.