General Insurance can help you protect the things you value the most. If you think you need general insurance, or even if you already have some policies, it makes sense to have a strong understanding of it so it works for you.


Any Insurance beyond Life Insurance and Health Insurance are called General Insurance. General Insurance is an Insurance contract done for your valuable assets, which are susceptible to damages. General Insurance protects the monetary value of your tangible assets. Protection against unexpected and unforeseeable damages is the reason why General Insurance is bought.

General Insurance encompasses – fire, marine, motor, accident and other miscellaneous non-life insurance products. Like Life Insurance, the price of general insurance too comes in the form of premium.


When you buy a general insurance policy or any insurance for that matter, you pay monthly, quarterly, half yearly, or annual premium. This premium clubs with the premiums of many hundreds and thousands of other policyholders and makes an enormous pool of premium.

This pool of premiums is used to help you up to the limit you have selected in your policy, if you happen to be affected by an unexpected calamity like severe weather or accident.



Motor Insurance can be distinguished into three types – two-wheeler motor insurance, four-wheeler vehicle insurance, and commercial vehicle insurance. A comprehensive Motor Vehicle Insurance Covers all on-road and off-road damages and liabilities to a vehicle – caused by natural and/or manmade calamities, including acts of terrorism.

In India, Motor Insurance is mandatory as per the Motor Vehicle Act, 1988. Motor Insurance contract is valid for one year. It needs to be renewed year after year.


With every passing year, the cost of healthcare is increasing. Deskbound lifestyle and stress at work affect the health to a large extent, hence leading to critical illness and medical emergencies. Such an incident is definite to unpleasantly affect one financially. A Health Insurance policy is the only way to ease the financial burdens, apart from leading a healthy and stress-free lifestyle.

  1. Health insurance encompasses
  2. Individual Health Insurance
  3. Family Floater Health Insurance
  4. Comprehensive Health Insurance
  5. Surgery Cover
  6. Critical Illness Insurance


International trips, be it vacation or business tours, might turn into a nightmare if one experiences eventualities like loss of baggage, loss of passport, delay in flight, medical emergencies etc.

Travel insurance incorporates –

  1. Individual Travel Insurance
  2. Family Travel Insurance
  3. Student Travel Insurance
  4. Senior Citizen Travel Insurance


Home is believed to be the most treasured possession of an individual. It also one of the biggest financial investments one ever makes in life. Home Insurance eases your financial burden if any damage is occurred due to natural calamities or man-made disasters and threats.


The transportation of good transit by rail, road, sea and/or air is apprehensive about the risk of mishaps, which can result in damage, and/or destruction of deliveries. This may lead to an extensive financial loss for both the importer, as well as, the exporter.

Marine insurance covers goods, freight, cargo, and other interests against loss or damage during transits.

Marine Policies includes –

  1. Open Cover Insurance
  2. Open Insurance Policy
  3. Specific Voyage Insurance Policy
  4. Annual Insurance Policy


Commercial Insurance financially protects your commercial premises like office, shop, industry, large corporations, enterprises, manufacturing units, as well as multinational companies from any damage caused by natural calamities, fire etc.

Commercial insurance include –

  1. Property Insurance
  2. Marine Insurance
  3. Liability Insurance
  4. Financial Lines Insurance
  5. Engineering Insurance
  6. Energy Insurance
  7. Employee Benefit Insurance
  8. International Insurance Solutions

Unlike life insurance policies, the tenure of all general insurance policies is usually not for a long-term. Most General Insurance products are annual contracts.