Why You Need To Have A Insurance:

Insurance contracts that do not come under the ambit of life insurance are called general insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance. The tangible assets are susceptible to damages and a need to protect the economic value of the assets is needed. For this purpose, general insurance products are bought as they provide protection against unforeseeable contingencies like damage and loss of the asset. Like life insurance, general insurance products come at a price in the form of premium.

Non life Insurance or General insurance can be categorized in to following:

Motor Insurance: Motor Insurance can be divided into two groups, two and four wheeled Vehicle insurance.

Health insurance:: Common types of health insurance includes: individual health insurance, family floater health insurance, comprehensive health insurance and critical illness insurance.

Travel insurance:: Travel insurance can be broadly grouped into: individual travel policy, family travel policy, student travel insurance, and senior citizen health insurance.

Home insurance: Home insurance protects a house and its contents.

Marine Insurance: Marine cargo insurance covers goods, freight, cargo, and other interests against loss or damage during transit by rail, road, sea and/or air.

Commercial Insurance: Commercial insurance encompasses solutions for all sectors of the industry arising out of business operations.

Accident Insurance: Accidents of different types are possible at any time ,at any place and in case of any person or object .Persons and vehicles are more prone to accidents causing injuries and damages.

Fire Insurance: In order to get the asset ,stock or machines insured against fire ,a proposal form is to be filled in and submitted to the insurance company .The Insurance company examines the proposal with due regards to various factors and the periodical amount of premium is fixed. A insurance policy is then issued in favour of the applicant

Burglary Insurance: It is a type of insurance policy that recompenses for loss or damage caused to the insured property and valuable items such as jewellery, cash, stock of goods, furniture, etc. due to housebreaking or Burglary

Property Insurance: It refers to a series of policies that offer either property protection or liability coverage. Property insurance can include homeowners insurance, renters insurance, flood insurance, and earthquake insurance, among other policies.

Aviation insurance: Insurance against claims and losses arising from the ownership, maintenance, or use of aircraft, hangars, or airports including damage to aircraft, personal injury, and property damage.

Livestock insurance: It covers all livestock namely - Sheep, Goat, Pig, Camel, Mules, Donkey and Yak raised for home use or for profit, mainly on a farm can be cov​ered, all breeds can be covered under Livestock Insurance may be it Indigenous, Cross or Exotic animal.

Crop insurance: It is purchased by agricultural producers, and subsidized by the federal government, to protect against either the loss of their crops due to natural disasters, such as hail, drought, and floods, or the loss of revenue due to declines in the prices of agricultural commodities

Non-Life Insurance Plans

Have you ever thought of losing all the assets you possess like your home, car, jewellery and other valuables due to some fire, theft or a natural calamity? You might end up facing some unexpected losses for which you were completely unaware.

This is where non-life insurance or general insurance comes into play. General Insurance can be travel insurance, car insurance, 2-wheeler insurance, home insurance, commercial insurance, accidental insurance, theft, etc. It provides protection against financial liability in case of loss or damage of asset. In other words, it covers all forms of insurance except life insurance.