General Insurance
In the fast-paced world of today, one can never be too careful of the everyday risks of life. Whether they are risks to physical well-being or those to financial stability, one must always be prepare for the worst and have a back-up plan.
What is Insurance?
In technical terms general insurance is defined as, the equitable transfer of the risk of a loss from one entity to another, in exchange for a premium and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating one.
The company providing selling the insurance schemes is called the insurer while the person availing off this scheme is called the insured. The insurance rate and other factors determine the amount to be charged which is called the premium.
General insurance is also called non-life insurance.
All insurances which do not involve insurance of a persons life is categorized under general insurance.
Forms of Insurances:
- Fire Insurance
- Marine Insurance
- Personal Accident
- Health Insurance
- Liability Policy
- Special Line Policy
- Misc Insurance
We are associated with General Insurance companies in india.
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