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What is general insurance in simple words


General insurance is a category of insurance that protects assets from any unexpected loss. It is a common term that covers all kinds of non-life insurance. For example, you have a house, and you insure it against fire by taking fire 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?

General insurance is an agreement between a policyholder and insurer wherein the insurance company protects your valuable assets from fire, theft, burglary, or any other unfortunate accident.

What is general insurance in?

General insurance helps us protect ourselves and the things we value, such as our homes, our cars and our valuables, from the financial impact of risks, big and small – from fire, flood, storm and earthquake, to theft, car accidents, travel mishaps – and even from the costs of legal action against us.




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