General Insurance Companies
What is a General Insurance Policy?
A General Insurance Policy, also called as Non-Life Insurance policy, protects the insured against any losses and damages other than those which are covered under a Life Insurance Policy. It provides a protection to you, your loved ones and your personal assets (Like House, Car, etc.) which you value against a specific form of eventualities.
Home Insurance Against - Fire, Burglary, Theft, Illness, Injury, Natural Calamities - Like flood, storm, etc.
Motor Insurance Against - Damage to the Vehicle due to Accident, Natural/ Un-natural Calamities, Third Party Liability, etc.
Health Insurance Against - Hospitalization due to Illness, Diseases, Injury or Critical Illness
Personal Accident Policy - Accidental Death, Permanent Total Disability, Partial Disability, etc.
Risk Which is Covered under a General Insurance Policies are:
Property Loss
Loss of Property due to Theft, Burglary, Natural Calamities, etc.
Third Party Damage
Liability arising from damage caused by the insured to a Third Party.
Accidental Damage
Accidental Death or Permanent/ Total Disablement due to an injury.
Types of General Insurance Policies
Below are the different types of General Insurance Policies available:-
Car Insurance
Protecting the insured's vehicle against Acc. Damage, Natural/ Unnatural calamities, or Third Party Liability
Health Insurance
Financial Protection to the Insured in the event of Hospitalisation due to Illness/Injury
Travel Insurance
Protecting the insured against medical and non-medical expenses (Loss of Passport) while travelling to a foreign land
Home Insurance
Protecting private homes against damage caused due to Accidental means, Fire, Theft, Burglary, etc
List of General Insurance Companies In India
There are 28 General Insurance Companies in India, out of which 4 Public Sector Companies & 21 Private Sector Companies.
Public Sector Companies:
Private Sector Companies:
General Insurance Claim Process
Claim Settlement is one of the most important services that is offered by the insurance company to their customers.
To get a detailed information about the different life insurance company process please click below.