General Insurance Types

Mainly there are two types of insurance, life insurance and general insurance. life insurance covers a designated beneficiary sum of money in exchange for a premium, upon the death of an insured person. While general insurance will insure anything other than the life of an individual. Here are some of the main general insurance types.

Health Insurance

Health insurance becomes a savior when you suddenly fall ill or when you are in a medical emergency. This also includes cashless facility in empanelled hospitals, pre and post hospitalization expenses, and ambulance charges.

Motor Insurance

Car insurance, two wheeler insurance and other vehicle insurance are included in the motor insurance. It can cover all damages and liability to the vehicle. There are two types of moor insurance, comprehensive and third party insurance. Motor insurance is mandatory in countries like UAE, India, Italy, Germany etc.

Travel Insurance

What can go wrong while you are in a vacation? Loss of baggage, trip delay, medical eventualities and other incidental expenses? A travel insurance can cover all the above .

The different travel insurance policies include:

· Individual travel policy

· Family travel policy

· Senior citizens travel policy

· Student travel insurance

Home Insurance

Home is one of the place where an individual put their most of their investments in. Home insurance provides protection against risk and damages from fire, burglary, theft, flood, earthquakes etc.