From the past few years, the insurance industry of India is undergoing fundamental changes. Product innovation has been at the forefront of this activity.Â
This has happened not only in terms of introduction of new products, but also in terms of customer engagement with existing products. The non-life insurance industry offers a range of solutions that provide financial protection in case of natural calamities, accidents, critical illness and medical exigencies and coverage against various third-party liabilities and other contingencies. are for.
Among the many solutions available, you should definitely look into the following list of general insurance covers:
Health Insurance
Health insurance covers the insured against various types of surgical and medical expenses. It is helpful for an individual to opt for a comprehensive health insurance policy as not only does it give you comprehensive coverage but such a comprehensive policy can cover outpatient as well as inpatient treatments. All these features of health insurance help a person to face financial crisis at the time of medical emergency.
The job of health insurance is to help you meet your medical expenses during your hospitalization and thus protect your savings. A comprehensive health insurance plan offers benefits other than the direct expenses associated with hospitalization, such as pre and post hospitalization charges, ambulance charges as well as coverage against critical illnesses through this benefit cover provides.
Nothing is more satisfying than getting peace of mind, as a good plan can protect your family along with comprehensive medical cover for life. Health insurance not only guarantees you financial security but also helps in saving tax.
Motor Insurance (Motor Insurance)
If you have a motor vehicle, then you must take motor insurance, as it provides protection against damages to the vehicle as well as third party liabilities. There are two types of motor insurance:
Third-Party Liability Policy – Third-party liability policy is mandatory in India and is the minimum cover required to drive a vehicle on the road. It protects the owner of the vehicle from third party property damage or accidental injury/death claims
Comprehensive Package Policy – Comprehensive Package Policy is a comprehensive auto insurance plan that protects the policyholder from both personal and third-party liability. It covers all third-party damages and damages to your own insured vehicle due to accident, theft, natural calamity or other calamities.
Home Insurance
Home is one of the most valuable things and hence you should protect it with home insurance coverage. Natural disasters and man-made disasters can also cause serious damage to property. In such unfortunate events, the right home insurance policy helps you in minimizing major financial losses.
Apart from this, you can also insure the contents of your house under your home insurance policy and get comprehensive protection against losses due to theft and other calamities.
Travel Insurance
Travel insurance protects you against many risks while travelling. Travel insurance is a must, whether traveling in your home country or abroad. It covers medical expenses, baggage loss, flight cancellations and other unfortunate incidents that may happen to the passenger during the journey.
insurance for businesses
There is a wide range of insurance covers that cover various aspects of your business, from infrastructure to loans. These are designed to protect the company, its employees and owners from various business risks. These include property insurance, fire insurance, marine insurance, cyber security insurance, employee benefits (health) insurance, workers compensation insurance, etc.
An adequate cover can protect you from unforeseen tragedies that could otherwise cause a lot of emotional and financial stress to you and your family. This gives you a chance to minimize losses, so that you can cope with the unpleasant incident and focus on getting back in the right position.
