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
|
Features
|
|
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
|
