Wednesday, 24 May 2017

General Insurance Solution Met By Various Insurance Providers

A small change in the environment has longer impacts on the people in that environment and those surrounding it. A thing that we never expect to happen just happens.  Are we prepared for these unexpected undesirable events?

What is General Insurance?

General Insurance is deals of insurance that are not covered under the boundary of life insurance. General Insurance is of various types like marine, fire, accidents, theft, vehicle and other diversified non-life insurance. General Insurance of property, general Insurance of travel and accidents, general Insurance for professionals, general insurance for credit, etc. are some of the products.

Why General Insurance?

Assets are purchased to suit the daily necessities of need; such Concrete assets are vulnerable to damages of different types and their economical value is necessary to be protected.  General insurance products are purchased as a protection against sun unforeseen possibilities like destruction and even loss of that asset. Similar to life insurance, General Insurance too are priced in the form of premium plans. General Insurance is normally not that of a lifetime as life insurance. General insurance period lasts only for a limited period or duration of a specific economic activity.

General Insurance is mostly annual contract products, excluding certain long term products
Types of General Insurance Solutions
There are various providers who offer General Insurance solutions that cater to different insurance requirements. Let us look at the different types of General Insurance solutions:
·         Motor Insurance Solutions
·         House Insurance Solutions
·         Travel Insurance Solutions
Motor Insurance Providers
Owning a vehicle is a must and taking care of it is also mandatory. Before digging pockets for any untoward incident it is beneficial to invest in vehicle protection under motor insurance.

Insurance Company
Tata AIG General Insurance Co. Ltd.
·      Car pick up free
·      Warranty on the repairs
·      Claim settlement in just seven days
·         Exclusive add-ons
The Oriental Insurance Co. Ltd.
·      Settlement claim ratios are the highest
·      Speedy claim settlements
·         Exclusive add-ons
The New India Assurance Co. Ltd.
·      Quick claim decisions
·      Appointment of surveyor is within two days of claim intimation.
·      Claim payments are made within 3 days of receipt of the discharge voucher
·         Acknowledgement of grievance within 3 days from date of receipt and resolution within 15 days from date of receipt.
HDFC ERGO General Insurance Co. Ltd
·      Discount on Age and profession Zero documentation
·      Speedy claim settlement
·      Cashless settlement at all network garages

Home Insurance Providers

The biggest achievement in today’s world is to own a home an asset of your own, a dream come true involves hard earned money and time. Safeguarding this asset against any damage needs an investment for protection and there comes a need to look for a good Household General Insurance.

Insurance Company
Key Features
Tata AIG General Insurance Co. Ltd.
·         Easy and Instant, No Documentation
·         Flexible – lets you decide the premium that you want depending on the coverage amount you choose
·         Offers a burglary cover for loss of jewelry and domestic home appliances older than 8 years.
The New India Assurance Co. Ltd.
·         Reasonably priced flexible premiums
·         Protection of the home an all its contents
·         Quick claim processing.
HDFC ERGO General Insurance Co. Ltd
·         Cover against Fire, allied perils, Burglary & Theft Optional cover for Terrorism and Additional expenses of rent for alternative accommodation Coverage limit is 5 years
·         An exceptional cover for home owners with long term coverage in mind.

Travel Insurance Providers

People keep moving from one place to another and at that time a good travel insurance policy is necessary to protect a person against any untoward experience during the trip.

Insurance Company
Key Features
Bharati Axa General Insurance
·         Inclusive of Compassionate Visit
·         Schengen Visa plan
·         Cash advance in case of emergency
Reliance General Insurance Co. Ltd.
·         Cash Advance in case of emergency
·         Check in baggage loss covered
·         Bail bond covered
·         Burglary of home covered
Apollo Munich
·         Cash advance in case of any emergency
·         Checked in baggage loss
·         Cancellation of trip and curtailment covered

1 comment:

  1. Thanks for sharing this general insurance solution. Travel insurance comes under General insurance which is must to buy when you are travelling outside