GENERAL INSURANCELive worry-free!

WHAT IS GENERAL INSURANCE? Any sort of 'non-life' insurance policy falls under General Insurance

It is also called as property & casualty insurance

General Insurance covers property against : Fire Burglary Theft Flood storm Earthquake and so on

It also covers Machinery against breakdown Hull of ships Motor vehicles against damages etc.

General insurance covers almost everything including your home, car and health

These policies are easy to purchase online

WHY INSURANCE?

An insurance policy is a contract made between a policy-holder and an insurance company

In agreement of paying a 'premium' amount, on a regular monthly basis, for a certain period of time, a person or his/her beneficiary receives coverage

WHAT IS AN INSURANCE POLICY?

TYPES OF GENERAL INSURANCE

It is a mandatory product to buy after you purchase your car

Car repair expenses can be claimed in case of a car accident

It provides protection against third-party liability and physical damages from: Fire Theft Burglary Riots Earthquakes Flood Cyclones

CAR INSURANCE

This insurance is purchased to protect an individual or a business

It covers the risk of Property damage Bodily injury to third party Being held legally liable for negligence

It cover legal pay-outs and costs for which the person insured would be held responsible

LIABILITY INSURANCE

MARINE INSURANCE Marine insurance refers to coverage provided for the loss or even

damage that has been caused to cargo, ships, terminals between their points of origin and final destination

Four types of marine insurances:1. Hull Insurance2. Cargo Insurance3. Freight Insurance4. Liability Insurance

FIRE INSURANCE It covers any damage to property as a result of a fire

It goes beyond property insurance and covers: The cost of reconstruction The cost of replacement The cost of repair

The loss can be ascertained only after thefire has occurred

The insurer is liable to the actual amount of loss not exceeding the maximum amount fixed under the policy

ENGINEERING INSURANCE It is also referred to business insurance

It provides coverage for Damage to machinery Business interruption Stock deterioration Computers and electronic equipment

BURGLARY INSURANCE Insurance provided against the damage in one’s residence

as a result of burglary/theft is known as burglary insurance

It provides financial compensation against loss or damage to property contained in your premises by acts of burglary

It is essential to purchase this plan, especially in areas which are prone to thefts.

This Insurance covers Cash Valuables Securities kept in a locked safe Cash box in locked steel cupboard

BENEFITS OF GENERAL INSURANCE

Benefits

Peace of mind

Investment

Savings

Self-dependenc

y

Financial security

Stability

Copy of claim intimation given to insurer with Xerox copy of policy &

premium receipt

Duly filled Claim Form

Driving License

Registration Certificate of Vehicle

Estimate of repairs from repairer and

stamped receipt

Bills and Cash Memo of repairs

Verification of road tax

Police Panchanama/FIR

Permit and Fitness Certificate

Other documents depending on which policy is purchased

CLAIM DOCUMENTS

INSURANCE COMPANIES IN INDIA

THANK YOU