Risk is associated with almost everything in life and it is important to secure all the Assets that one has created or inherited. That security for everything other than human life is provided by General Insurance. General Insurance covers such risks and has policies like burglary, theft & Fire Insurance, accidental insurance, factory insurance, stock & stock – in – trade insurance third party liabilities etc for non – living beings. Personal Insurances like health insurance, accident Insurance, and travel insurance, overseas travel insurance are also covered by general Insurance. Furthermore, special Insurance like professional indemnity Insurance is also covered under this category. General insurance is a practical option for almost everything that a person has and would like to insure so that he can live a risk-free and worry free life.
Uncertainty is the only certain thing in life and accidents do happen. The financial damage caused by such accidents sometimes becomes a life changing event if you are not prepared for it and have not taken adequate measures (insurance cover) to protect yourself from such uncertainties. Accidents, illness, theft, burglary, fire and other perils are such events that can cause huge financial losses and you would like to protect your family and yourself against such events and lead a worry free life. General Insurance provides you the much-needed protection against such unforeseen events. Unlike Life Insurance, General Insurance is not meant to offer returns (without benefit policies) but is a protection against contingencies. Everyone needs to cover such contingencies but after a careful analysis of costs and benefits associated with such General Insurance Policies.
Almost everything that has a financial value in your life and has a probability of getting lost, stolen or damaged; or has the possibility of causing the third party damage can be covered through Insurance. Property (both movable and immovable), vehicle, cash, household goods, health, dishonesty by employees, livestock, Loss of job, loss of business because of such events, loss of earnings because of such events and also your liability towards others can be covered. Accidents and mishaps can occur anytime and anywhere. It is important to identify the risks faced and insure oneself against these at the earliest.