General insurance protects valuable assets like homes, cars, and health from unexpected accidents and losses through policies that cover fire, theft, burglary, floods, and more. It is a contract between a policyholder and insurer where the policyholder pays regular premiums in exchange for coverage. There are several types of general insurance like car, liability, fire, marine, engineering, and burglary insurance that cover damages in specific situations. Purchasing general insurance provides benefits like peace of mind, financial security, investment savings, and self-dependency.

1. GENERAL INSURANCE

2. WHAT IS GENERAL INSURANCE?
 General insurance is an agreement between a policyholder and
insurer wherein the insurance company protects your valuable
assets from fire, theft, burglary, or any other unfortunate accident.
 Fire
 General Insurance covers property against :
 Fire
 Burglary
 Theft
 Flood storm
 Earthquake and so on
 It also covers
 Machinery against breakdown
 Hull of ships
 Motor vehicles against damages etc.
 General insurance covers almost everything including your home, car and health
These policies are easy to purchase online

3. WHY INSURANCE?

4.  An insurance policy is a contract made between a policy-holder and
an insurance company
 In agreement of paying a 'premium' amount, on a regular monthly
basis, for a certain period of time, a person or his/her beneficiary
receives coverage
WHAT IS AN INSURANCE POLICY?
TYPES OF GENERAL
INSURANCE

5. CAR
INSURANCE
• It is a mandatory product to buy
after you purchase your car
• Car repair expenses can be
claimed in case of a car accident
 It provides protection against
third-party liability and
physical damages from:
 Fire
 Theft
 Burglary
 Riots
 Earthquakes
 Flood
 Cyclones
 This insurance is purchased to
protect an individual or a
business
 It covers the risk of
 Property damage
 Bodily injury to third party
 Being held legally liable for
negligence
LIABILITY
INSURANCE

6. MARINE
INSURANCE
 Marine insurance refers to
coverage provided for the loss
or even damage that has been
caused to cargo, ships,
terminals between their points
of origin and final destination
 Four types of marine
insurances:
1. Hull Insurance
2. Cargo Insurance
3. Freight Insurance
1. Liability Insurance
 It covers any damage to
property as a result of a fire
 It goes beyond property
insurance and covers:
 The cost of reconstruction
 The cost of replacement
 The cost of repair
FIRE
INSURANCE

7. ENGINEERING
INSURANCE
 It is also referred to business
insurance
 It provides coverage for
 Damage to machinery
 Business interruption
 Stock deterioration
 Computers and electronic
equipment
 Insurance provided against
the damage in one’s
residence as a result of
burglary/theft is known as
burglary insurance
 This Insurance covers
 Cash
 Valuables
 Securities kept in a locked safe
 Cash box in locked steel
cupboard
BURGLARY
INSURANCE

8. BENEFITS OF GENERAL INSURANCE
Benefits
Peace of
mind
Investment
Savings
Self-
dependency
Financial
security
Stability

9.  Copy of claim intimation given to insurer with Xerox copy of policy & premium
receipt
 Duly filled Claim Form
 Driving License
 Registration Certificate of Vehicle
 Estimate of repairs from repairer and
stamped receipt
 Bills and Cash Memo of repairs
 Verification of road tax
 Police Panchanama/FIR
 Permit and Fitness Certificate
 Other documents depending on which policy is purchased
CLAIM DOCUMENTS

10. INSURANCE COMPANIES IN INDIA

11. Thanks!