What is General Insurance?

General insurance is a policy or agreement between policyholders & the insurer. It helps us protect ourselves & things that we value e.g. houses, cars or any other valuables.

The insurance covers our us & valuables from the financial impact of both small & big risks - from fire, theft, accidents, natural calamities- and even from the costs of legal action against us.

Taking out a General Insurance policy allows us to choose from types of risks we wish to cover by choosing the right kind of policy with our desired features. After choosing the desired policy, you can pay the premium in fractions on a monthly basis or one time annually.

If things go wrong, the insurer may either repair or replace the lost or damaged things depending on the terms of your policy. You also may have an option to receive a cash settlement for the amount of money agreed on in the policy.

Overall, General Insurance is a protective shield around our valuables which protects them from the financial impact of risks.

Types of General Insurance