Gradually people have come to realize that the various aspects of life need to be cared for as well. Things like car, home, travel, health etc. hold an important place in life and need some attentions as well. And what better way of caring for them than investing in general insurance? Every general insurance company in India offers you different types of general insurance plans to invest in. These plans ensure that these important aspects of life are insured from damages and you do not have to face any financial crisis to make repairs. Some of the most popular types of general insurance policies in India are as follows –
Car insurance –
This is a highly availed general insurance plan not only because it is compulsory as per the Motor Vehicle Act but also because car owners wish to care well for their prized possession. Every general insurance company in India offers several features and benefits under this plan. However, this plan basically includes cover for third party liability, damages to the car in case of accident, fire or flood, cover for the owner of the car in case of injuries suffered in an accident and cover for co-passengers as well. Due to the tough competition in this sector general insurance companies in India also provided added benefits like cashless facility on car repairing, discount of online purchase etc.
Health insurance –
This is amongst the most highly availed types of general insurance. As people have realized that the high cost of hospitalization is capable of hampering their savings many have taken course to insure their and their family’s health. A health insurance offers you financial aid in case of emergency and planned hospitalizations. Most of the policies in India offer cover for pre and post hospitalization, surgery, hospitalization, room rent, etc. To attract clients some policies also offer benefits like cashless hospitalization, maternity cover, cover for non-hospitalization cost etc. This plan can be availed for individuals as well as for a family.
Travel insurance –
It is good to see that the frequent travellers and the occasional travellers alike have started taking travel insurance seriously. Safety is on prime importance when on a trip abroad and travel insurance is the ultimate means of ensuring it. Every general insurance company in India offers a plan that has unique features and benefits, but the basic aspects covered by a travel plan includes –
• Trip cancellation for genuine reasons as mentioned in the policy
• Flight cancellation
• Trip discrepancies like baggage loss, baggage delay, loss of passport etc.
• Medical emergencies
• Medical evacuation
• Legal liability
• Financial crisis
Different general insurance products you can avail