General Insurance
All it takes is one appropriate decision today to ensure a secure future.
Get a Free Quote Today!
How Can We Help You?
- Call us at +91 91106 08590
General Insurance
General Insurance offers protection against any monetary loss brought on by the
disappearance or destruction of the insured asset. It protects your possessions from any loss,
including your assets like a bike, car, home, travel, and health.
Health Insurance
Your health insurance is your best defence against the costs associated with any illness or urgent medical situation.
Based on the level of coverage, various health insurance options are available:
- Individual Health Insurance: Covers one policyholder.
- Family Floater Health Insurance: Covers the complete family under a single policy.
- Group Health Insurance: Covers the employees of an organization.
On the basis of its utilisation and a variety of other factors, these have many items under them. The following is a list of the main categories of health insurance products offered in India:
- Senior Citizen Health Insurance
- Maternity Health Insurance
- Aarogya Sanjeevani
- Super Top-Up Insurance
- OPD Insurance
- Personal Accident Cover
Motor Insurance
You must have a motor insurance coverage not only because it is required in India, but also because it guarantees that the car is completely protected from physical damage from natural or man-made disasters and third-party liabilities resulting from the insured vehicle.
Motor Insurance is roughly divided into the following categories based on the type of vehicle it covers:
- Car Insurance
- Two-wheeler Insurance
- Commercial Vehicle Insurance
The following are the various kinds of motor insurance policies that are offered on the market under the ones mentioned above:
- Third-party insurance Policy : ensures that you are not subjected to legal trouble as a result of the accident by paying the financial liability to the third person who was impacted by the mishap.
- Comprehensive Insurance Policy : In addition to covering third-party liabilities, these plans also pay for the costs of repairing any harm done to the policyholder's car as a result of an accident, fire, riot, or other similar calamity.
- Own Damage Policy : With Own Damage Cover, you get all the advantages of a comprehensive policy without having to worry about third-party liability.
Additionally, you may add-on extra coverage for things like zero depreciation, loss of personal property, roadside assistance, daily conveyance, etc. to make sure you are protected in case of anything.
Travel Insurance
When you travel, travel insurance serves as your financial protection. It includes coverage for things like lost luggage, lost passports, hijackings, medical emergencies, cancelled flights, accidental deaths, adventure sports, etc.
The most common types of travel insurance are:
- Domestic Travel Insurance : For travel within the country
- Comprehensive Insurance Policy : For travel outside the country
- Own Damage Policy : If you are moving abroad for higher studies.
There are various products under the above-mentioned categories, including Border travel insurance, family travel insurance, senior citizen travel insurance, corporate travel insurance, multi-trip travel insurance, and single-trip travel insurance.
Property Insurance
A property insurance policy offers monetary compensation to the owner or tenant of a building and all of its contents.
Among the products offered in the market under the category of property insurance are:
- Home Insurance
- Shop Insurance
- Burglary Insurance
- Office Insurance
- Fire Insurance
Commercial Insurance
ULIPs provide Life insurance and capital-building opportunities by investing in various market-related instruments and funds of varying risks.
Additionally, there are various insurance categories under commercial insurance depending on the type of asset protected, including:
- Liability Insurance:Provides coverage against damage to any third party and offers the following types of Policies:
- Directors and Office Liability Insurance
- General Liability Insurance
- Public Liability Insurance
- Cyber Insurance
- Marine Cargo Insurance: This insurance provides protection for the cargo or items transported via inland transit.
- Engineering Insurance: Comprehensive insurance plan that offers complete protection against all risks related to engineering and machinery, such as those faced by active construction projects, installation projects, and the machinery and equipment used in project operations. These insurance products are included in it:
- Contractor’s All-Risk Insurance
- Erection All Risk Insurance
- Plant and Machinery Insurance
- Workmen Compensation Insurance: Workmen's Compensation provides financial coverage to employees who get injured or die in any mishap during work.
- Crop Insurance: Crop Insurance covers the financial losses that a bad crop season, crop failure or any other related menace might bring in for the agriculturists.
Benefits of General Insurance
Any individual needs to have a general insurance policy owing to the risks posed by accidents, medical emergencies, natural calamities, and other unforeseen circumstances. The policy provides financial protection in case such situations arise in our lives. We cannot predict an accident or calamity; however, we can be better prepared to handle them.
Here are a few benefits that General Insurance provides:
- For most categories, having insurance coverage is compulsory by law. One example is the Motor Vehicles Act 1988, which made motor insurance compulsory. Thus, while following the mandatory regulation, you also ensure your beloved vehicle is financially protected.
- General Insurance Plans provide compensation against losses. Thus, across all categories, they serve one primary purpose: to provide financial protection and safeguard your savings in case any unfortunate situation arises.
- Many General Insurance Plans provide tax benefits. For example, the premium paid towards medical insurance offers tax benefits under Section 80D of the Income Tax Act.
Our Partners
