Insurance is a booming market in India. Life insurance and general insurance are the two categories that offer consumers the required security. The general insurance sector offers cover for the various essential aspects of life like health, car, home, travel etc. People have come to realize that securing these aspects is as important as insuring their life. There are several companies in the market that offer such policies to consumers. Every general insurance company tends to make its plan attractive with several benefits and attractive features. Let’s take a look at the popular general insuranceplans in the market -
Health insurance – This is amongst the most popular general insurance plans that people avail. The cost of hospitalization is increasing by the day. In case of any emergency or planned hospitalization, an individual is forced to use his personal savings. A health insurance is a plan that covers this cost for you. The major benefits that this general insurance covers include cashless hospitalization, cover for pre and post hospitalization, cover for preexisting diseases, non-hospitalization expenses etc. This policy can be availed for individual and family as well. The policy proves a boon in tough times and offers tax benefits as well.
Car insurance – A vehicle insurance is a compulsory general insurance in India. Every vehicle plying on the Indian road needs to have an insurance. A car insurance provides benefits like cover for third party liability, cover for damages in case of fire theft and accident etc. The policy also provides cover for the co-passengers in case of accident. To enhance the cover for your car insurance you can also opt for various riders that give you added protection.
Travel insurance – This general insurance makes sure you have a safe trip. When on a journey, especially abroad, there are several risks that you can encounter. A travel insurance plan gives you the required security in these circumstances. The policy offers cover in case of travel glitches like medical emergencies, trip cancellation, legal liabilities, baggage loss or delay, loss of travel documents etc. Such circumstances can be difficult to handle in an unfamiliar surrounding and this policy gives you the required assistance.
Home insurance – Your home is the most important possession you have. Hence, securing it against various perils becomes vital. A home insurance covers your home against natural and man-made perils. The policy also secures you home against theft and burglary. You can get the insurance to secure the structure of your home and its contents.
The above discussed are the most popular general insurance plans availed. While buying one keep in mind to get it from a trusted general insurance company to ensure your claim process is smooth and you get all the benefits of the plan.
Popular general insurance products that consumers seek