What general insurance means?
Definition: Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance.
What are general insurance examples?
While life insurance covers the life of a person, general insurance provides cover to other aspects and assets in a person's life, for example, health, car, travel, home, etc.
What is insurance and general insurance?
The policies cover financial damage and pay customers for their losses. General insurance products give financial stability often in the event of a disaster. General insurance policies are also sometimes required by law.
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[PDF] Position paper on the application of AML to general insurance
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