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General insurance is a type of insurance that covers non-life risks, such as health, motor, property and travel. It provides financial protection against unforeseen events, including accidents, theft and natural disasters.
General insurance includes various policies such as health insurance, motor insurance, home insurance and travel insurance. Each type is designed to cover specific risks and provide tailored protection.
General insurance covers non-life risks like health, vehicle damage and property loss, while life insurance provides financial support to the policyholder's family in case of the policyholder’s demise.
General insurance provides financial security during emergencies, reduces the burden of unexpected expenses and offers peace of mind. It also helps comply with legal requirements (e.g., vehicle motor insurance).
Depending on the policy type, general insurance covers medical expenses, vehicle repairs, property damage, theft, natural disasters and travel-related issues.
To choose the right policy, assess your needs, compare coverage options, check the claim settlement ratio of insurers and read the terms and conditions carefully. Opt for a policy that aligns with your financial goals and risk profile.