General Insurance

General insurance is a broad category of insurance that offers financial protection against a wide range of non-life risks and unforeseen events. Unlike life insurance, general insurance covers tangible assets and liabilities such as health expenses, vehicle damage, property loss, accidents, and travel-related issues. Common types of general insurance include:

• Health Insurance – Covers medical expenses and hospitalization costs.

• Motor Insurance – Protects against damage or theft of vehicles, including third-party liability.

• Home Insurance – Covers losses or damages to a home due to fire, theft, or natural disasters.

• Travel Insurance – Offers coverage for trip cancellations, lost baggage, medical emergencies while traveling, etc.

General insurance policies are usually annual contracts, and the policyholder pays a premium based on the type and extent of coverage. It is essential for managing personal and business risks, offering peace of mind in case of unexpected financial burdens.