COMPLETE GENERAL INSURANCE IS COVERED IN THIS PPT STARTING FROM HEALTH INSURANCE TO MOTOR INSURANCE. ALING WITH THEIR TYPES AND MORE .....

1. Introduction To
General Insurance

2. What is Insurance
Insurance is contract between an Insurance company and an
Insured person.

4. Types of General Insurance
1. Health Insurance
2. Motor Insurance
3. Travel Insurance
4. Property Insurance
5. Commercial Insurance
6. Asset Insurance

5. What is General Insurance?
 General Insurance is a type of insurance policy that covers the financial
loss suffered due to the loss or destruction of the insured asset.
 General insurance policy covers only non-life risks. It has the following
features:
 It is a policy or agreement between the policyholder and the insurer,
which is considered only after the realization of the premium.
 The policyholder with a financial interest in the covered asset pays the
premium.
 The insurer will protect the insured from financial liability
in case of loss.

6. 1. Health Insurance
This type of insurance covers the expenses incurred due to any illness or medical emergency.
There are various types available based on their coverage:
 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.
Examples on Types of Benefits covered under Health Insurance
 Aarogya Sanjeevani as per the guidelines prescribed by IRDA this product has to sale by all Insurers
 Top-Up Insurance (Rider Plan)
 OPD Insurance (In build basic cover provided by few Insurer / Few provides as a Rider Benefit)
 Personal Accident Cover

7. 2. Motor Insurance
Motor Insurance is mandatory in India. The policy ensures that the vehicle has complete protection against physical damage
from natural or artificial calamities and third-party liabilities arising from the insured vehicle.
Types of Vehicles covered under Motor Insurance -
 Car Insurance
 Two-wheeler Insurance
 Commercial Vehicle Insurance
Types of Plans under Motor Insurancre Policy -
 Own Damage Policy : Pays the financial losses to the Policy Owner for his / hir vehicle damage
 Third-party insurance Policy : Pays the financial losses to the third party affected in the mishap
 Comprehensive Insurance Policy: This is the combination of above two plans
Examples of Rider Benefits on Motor Insurance Policies -

8. 3. Travel Insurance
Travel Insurance provides financial protection to Policyholder visiting any place in the country or abroad. It covers
emergencies like loss of baggage, loss of passport, hijacking, medical emergencies, delayed flights, accidental
deaths, adventure sports etc.
Types of Travel Insurance :
 Domestic Travel Insurance : For travel within the country
 Internation Travel Insurance : For travel outside the country
Types of Travel Insurance Plans -
 Individual Travel Insurance
 Family Travel Insurance
 Corporate Travel Insurance

9. 4. Property Insurance
Property Insurance Policy provides financial reimbursement to the owner/renter of a building and its contents. It
also covers damage caused to anyone other than the owner/renter if that person is injured on the property.
Types of Property Insurance :
 Home Insurance : Provides financial coverage in case of any damage to the insured home due to any reason
like fire, theft, flood, storm etc.
 Shop Insurance : Covers the shop property and contents inside.
 Burglary Insurance : Covers any loss or damage due to unlawful breaking and entering of insured premises.
 Office Insurance : Provides coverage for the risks that can impact office operations like fire, burglary, misuse
of office data, loss of money due to cheating of employees etc.
 Fire Insurance : Provides coverage against damage caused by any fire to property or assets.

10. 5. Commercial Insurance
A Commercial Lines Insurance policy ensures that the business does not face any financial burden because of
any financial and business risks. Apart from covering the damages to the property or employee injury, it also
covers public or employer liability.
Types of Policyholders - Commercial and business entities like large corporate houses, SMEs, and MSME
industries.
Type of Commercial Insurance Policies -
 Liability Insurance : provides coverage against any claims resulting from injury or damage to any third
party, i.e., person or property. It offers the following types of Liability Insurance Policies:
 Directors and Office Liability Insurance
 General Liability Insurance
 Public Liability Insurance
 Cyber Insurance

11.  Marine Insurance : provides coverage for the inland transit of consignments. It covers the loss or damage of
cargo or the means of its transportation between the point of origin and the final destination.
 Hull Insurance - covers loss of or damage to a vessel or aircraft or its machinery or equipment.
 Cargo Insurance - Covers loss of or damage to the goods carried in a vessel or aircraft
 Freight Insurance – Any loss to Ship, Lorry carrying goods
 Engineering Insurance : provides coverage against all risks associated with engineering and machinery. It
includes the following insurance products
 Contractors All Risk INsurance
 Errection All Risk Insurance
 Plant & Machinery Insurance
 Workmen Compensation Insurance : provides financial coverage to employees who get injured or die in any

12. 6. Asset Insurance
Asset Insurance provides financial
coverage to your assets like Mobile, TVs,
and other appliances or electronics.

13. Thank You!