General Insurance

What is General Insurance

General insurance provides financial protection for property, assets, liabilities, and personal health risks, covering aspects of daily life and business operations.

General insurance is a type of non-life insurance policy that provides financial protection against losses or damages to property, assets, or against liabilities and personal health risks. Unlike life insurance, which pays out a benefit after a person’s death or upon reaching a certain age, general insurance covers various aspects of daily life and business activities. Common types of general insurance include health insurance, which covers medical expenses; motor insurance, which covers vehicles against theft, accidents, and damages; property insurance, which protects homes or businesses against risks like fire or burglary; and liability insurance, which safeguards against claims of negligence or damage caused to third parties. These policies offer peace of mind and financial security, protecting individuals and businesses from unforeseen events and the associated financial impact