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Introduction of general insurance
General insurance provides coverage for various risks and eventualities to protect assets and health from financial loss. The main types of general insurance discussed in the document are car, health, travel, personal accident, and home insurance. Car insurance is compulsory in India and covers risks like natural disasters, accidents, and third party liability. Health insurance covers expensive medical costs for accidents, illnesses, and surgeries. Travel insurance protects against costs for medical issues, trip delays, lost luggage, and trip cancellations while traveling. Personal accident insurance provides benefits for death, disability, or dismemberment from an accident. Home insurance protects against property damage or loss of possessions from events like fires or natural disasters.
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Introduction of general insurance
- 1. Introduction of GeneralInsurance Travel Insurance
- 2. Index 1. Meaningof General Insurance 2. Types of General Insurance 3. Car Insurance 4. Health Insurance 6. Travel Insurance 7. Personal Insurance 7. Home Insurance
- 3. Meaning of GeneralInsurance General Insurance comprises of a gamut of insurances that provide specific covers to the insured against specific forms of eventualities. The most important reason to get general insurance is to protect your valuable assets and your health against any kind of financial loss. Most of the general insurance products like motor insurance and health insurance are yearly contracts.
- 4. Types of GeneralInsurance • Car Insurance • Health Insurance • Travel Insurance • Personal Insurance • Home Insurance
- 5. Car Insurance Accordingto Indian Motor Vehicles Act 1988, it is compulsory to get car insurance to drive. Every commercial, personal or business purpose vehicle needs to be covered as it financially saves vehicle owner during unexpected situations. The best car insurance India online offers protection against following risks: • Natural Calamities • Man-made Calamities • Third Party Legal Liability Motor Insurance does not cover pace making, organized racing and speed testing. No tax benefits are available on vehicle insurance.
- 6. Health Insurance Thebest mediclaim policy covers expensive medical costs during accidents, sudden illness and surgeries. Mediclaim policies are the best way to handle crisis situations like injury or illness at any age in life with ease. It takes away the burden of medical expenditures, whether planned or sudden. • Individual Health Insurance • Health Plan with OPD Coverage • Family Floater Health Insurance • Family Floater including Parents or in-laws • Critical Illness Cover & Rider • Top Up Health Insurance Rider • Cover for Pre-existing Diseases
- 7. Travel Insurance Travelinsurance covers your medical costs, trip delay, personal accident, loss of passport or luggage and trip cancellation. Many insurance companies provide online travel insurance policies that take care of emergencies during travel. • Overseas Travel Insurance • Domestic Travel Insurance • Student Travel Insurance • Senior Citizen Travel Insurance • Family Travel Insurance • Individual Travel Insurance It excludes Foreign war or civil war, self-inflicted injury, suicide, terrorism, participation in any criminal act etc.
- 8. Personal Accident Insurance Personal accident insurance policy gives a wide coverage and an unique set benefits to cover individual and group of people both against physical loss because of death and disablement resulting out of accident. • Accidental Death • Accidental Disablement • Accidental Dismemberment The sum assured offered by the personal accident insurance policy turns as a major support to save you and your dear ones from the financial crisis.
- 9. Home Insurance Homeinsurance policy is a type of protection which will offer policyholder a cover for any kind of losses and damages that have occurred because of man-made or natural calamities on his/her house or the contents of his/her home. The amount of coverage of online home insurance in India is based on the total cost of the construction of the house and the value of the assets available in the house. Under home insurance plan, home owner can either get a sole cover for his/her structure, sole cover for the contents in the house or both.
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