About General Insurance

Insurance contracts that don't come under the ambit of life assurance are called general insurance. The different sorts of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance.

The tangible assets are liable to damages and a requirement to guard the value of the assets is required . For this purpose, general insurance products are bought as they supply protection against unforeseeable contingencies like damage and loss of the asset. Like life assurance , general insurance products come at a price within the sort of premium.