General Insurance

General Insurance

• 1.
  GENERAL INSURANCE Live worry-free!
• 2.
  WHAT IS GENERALINSURANCE?  Any sort of 'non-life' insurance policy falls under General Insurance  It is also called as property & casualty insurance  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 insurancepolicy 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?
• 5.
  TYPES OF GENERALINSURANCE
• 6.
   It isa 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 CAR INSURANCE
• 7.
   This insuranceis 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  It cover legal pay-outs and costs for which the person insured would be held responsible LIABILITY INSURANCE
• 8.
  MARINE INSURANCE  Marineinsurance 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 4. Liability Insurance
• 9.
  FIRE INSURANCE  Itcovers 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  The loss can be ascertained only after the fire has occurred  The insurer is liable to the actual amount of loss not exceeding the maximum amount fixed under the policy
• 10.
  ENGINEERING INSURANCE  Itis also referred to business insurance  It provides coverage for  Damage to machinery  Business interruption  Stock deterioration  Computers and electronic equipment
• 11.
  BURGLARY INSURANCE  Insuranceprovided against the damage in one’s residence as a result of burglary/theft is known as burglary insurance  It provides financial compensation against loss or damage to property contained in your premises by acts of burglary  It is essential to purchase this plan, especially in areas which are prone to thefts.  This Insurance covers  Cash  Valuables  Securities kept in a locked safe  Cash box in locked steel cupboard
• 12.
  BENEFITS OF GENERALINSURANCE Benefits Peace of mind Investment Savings Self- dependency Financial security Stability
• 13.
   Copy ofclaim 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
• 14.
  INSURANCE COMPANIES ININDIA
• 15.
  THANK YOU