An Introduction to General Insurance
A general insurance policy can be best defined as a non-life insurance product that includes a wide breadth of the most common and necessary insurance policies. The most common types of general insurance policies in India include automobile insurance, homeowner’s insurance, Mediclaim, travel insurance, marine and others.
The policy pays to the policyholder, depending on the loss suffered from a particular financial event clearly mentioned in the policy. Generation Insurance is a type of insurance that does not come under the category of life insurance.
