General Insurance

Leaving with family for a weekend getaway? Just think of all the assets you possess like your home, car, jewellery and other valuables. What if you lose all of it due to some fire, theft or a natural calamity? It would be all gone even before you might think about saving it. Safety is the prime concern and avoiding any mess falls as the next. At times, you might end up facing some unexpected losses for which you were completely unaware. What then? Do you definitely look for some security system? Or just leave things on destiny? Well! Nothing would work except a security system that backs us. In other words, we need an insurance cover.

• What is a General Insurance ?

  • A policy or agreement between the policyholder and the insurer which is considered only after realization of the premium.
  • The premium is paid by the insurer who has a financial interest in the asset covered.
  • The insurer will protect the insured from the financial liability in case of loss.

• How does the concept of General Insurance work?

  Insurance is a concept that applies to a large group of people which may suffer the same risk in the same conditions or region. The money collected as the premium can be called as a pool and when anyone faces a loss, the person is paid from that pool.