Insurance
General Insurance
Have you ever pondered how, in the unlikely event that you are away from home, your valuables—such as your house, car, and jewelry—would be kept safe from theft? At that point, general insurance would become more important. See how insurance can easily assist you in safeguarding your material possessions from harm or theft.
In the event of your untimely death, your life insurance coverage may guarantee your loved ones’ future. In the same way that it’s important to secure your life from unanticipated catastrophes, you can choose to get a general insurance policy to safeguard your possessions, including your home, car, and health.
There are various types of general insurance these include:
- Motor Insurance
- Home Insurance
- Travel Insurance
- Health Insurance
Motor Insurance:
When you’re driving, you cannot be sure that a road mishap will never take place or there may be an instance of your vehicle getting damaged due to a man-made or natural calamity. In such circumstances, you can rely on your motor insurance cover. It gives you financial protection and safeguards you from any legal complications.
There are two types of Motor Insurance in India:
- Third-party Motor Insurance
- Comprehensive Motor Insurance
Whether you own a bike or car, you need to have at least Third-Party Motor Insurance. It is compulsory to have a third-party insurance cover as per the mandate by the Motor Vehicles Act. The insurance offers to protect you if there’s an accident and offers liability cover for third party damages. However, if you are looking for overall protection, then you can opt for comprehensive motor insurance that includes third-party cover and all types of accidents caused due to a man-made or natural calamity.
Home Insurance:
Our homes are places of safety and many cherished memories are made. We invest our hard-earned money when we buy or rent a house, but we often forget that it also needs security. Given the frequency of riots and natural disasters in India, you must ensure that your house and possessions are well-maintained. At this point, having house insurance becomes essential.
Typical characteristics of house insurance include:
provides protection against both man-made and natural disasters
includes coverage for video, TV, and personal computers.
Insurance against harm done to the building’s foundation, terraces, swimming pool, etc.
Protection from debt for your house and possessions
Typical characteristics of house insurance include:
- Offers cover against natural calamities and man-made calamities
- Covers personal computer, TV, and Video equipment
- Cover for damages caused to the building such as terraces, foundation, swimming pool, etc.
- Financial protection against your home and belongings
Travel Insurance:
When you vacation overseas, your main expectation is to make joyful memories. Unfortunately, bad things never really knock on your door. For example, there’s a chance that your belongings will be stolen or that your luggage will disappear while you’re flying. Travel insurance will provide you with peace of mind in these circumstances by covering any losses or damages. You enjoy travelling, but do you constantly worry about losing your possessions? For you, travel insurance would be the best option.
Common Features of Travel Insurance:
- Cover for loss of baggage, including delays
- Emergency assistance
- Loss of passport
- Covers health expenses, transportation to the impaneled hospital, and hospital daily allowance
- Personal Accident cover
Travel Insurance provides financial security in case of an unforeseen mishap whether you’re flying domestically or internationally.
Health Insurance:
The expense of healthcare is already quite high and will only get worse in the near future. How would you make sure that you and your loved ones receive the greatest health care available, given the negative effects of inflation on our lives? Health is viewed as an asset when it comes to the best general insurance. Ensure that you purchase a health insurance policy to safeguard your family’s and your own health. When a person is hospitalised, this kind of general insurance provides financial support for medical costs. Health insurance coverage come in a variety of forms these include:
- Individual health insurance
- Family floater health plan
- Senior Citizen health insurance
- Group health insurance
Common Features of Travel Insurance:
- Cover pre & post hospitalizationexpenses
- Financial protection for room rent charges including hospital registration
- Cashless medical treatment
- Coverage for ambulance cost
- Avail coverage for health check-ups once in a block of four claim-free years
Now that you’re aware of how general insurance can be useful in protecting your life’s precious assets, it’s time you buy it from the best insurance companies. If you’re searching for the best general insurance plan, IFFCO Tokio would be an ideal choice. The company offers the best quotes.