INTRODUCTION

General Insurance: Insurance contracts that do not come under the ambit of life
insurance are called general insurance
• Insurance Policy: Insurance policy is a contract made between policy
holder and insurance company

• In agreement paying a premium amount on a regular monthly basis for a certain

period of time to get the advantage of insurance
TYPES OF GENERAL INSURANCE
 VEHICLE INSURANCE

• It is necessary to buy vehicle insurance after purchase vehicle according to

government rules
• Vehicle repair expense can be claimed after vehicle accident
• It provides the protection against the third party liability and physical
protection from
• Fire
• Theft
• Cyclone
• Earthquake
• Accident
 Benefits of vehicle insurance
• Provides benefits to survivors when an accident results in death

• covers damage caused by other than an accident like theft, fire, earthquake

• `Covers the bills of vehicle repairs due to damage caused in an accident

 MARINE INSURANCE

• Marine insurance refers to coverage provided for the loss or even damage that has
been caused to cargo, ships, terminals between their point of origin and final
destination

• Four types of marine insurance

• Hull insurance
• Cargo Insurance
• Freight Insurance
• Liability Insurance
 BENEFITS OF MARINE INSURANCE
• The insurance provides financial stability to the business.

• It helps manage the risks and conduct business without much worries.

• It compensates for any financial loss that one faces during the transit of
goods.
 FIRE INSURANCE
• Fire insurance is a legal contract between an
insurance company and the policyholder which
guarantees that any loss or damages caused to the
policyholder's property in a fire will be paid by the
insurance company.

• Fire insurance provides coverage against incidents of

accidental fire, lightning, explosion, etc.
Types of fire insurance
• Specific Policy
• Comprehensive Policy
• Valued Policy
• Floating Policy
• Consequential Policy

Advantages of Insurance
• Peace of mind
• Financial Coverage
 ENGINEERING INSURANCE

• Engineering insurance refers to the insurance that provides economic safeguard to

the risks faced by the ongoing construction project, installation project, and
machines and equipment in project operation.

ADVANTAGES
• wider coverage
• Customized Coverage
• Competitive Premium
 TRAVEL INSURANCE

• Travel insurance is a type of insurance that covers the costs and losses associated
with traveling. It is useful protection for those traveling domestically or abroad.

ADVANTAGES
• Protect the cost of your trip if you have a travel delay or need cancellation.
• Offset added expenses due to a travel delay or lost, delayed or damaged luggage.
• Protect from expensive medical bills in case you are injured or become ill while traveling
abroad.
Types of Travel insurance
• International travel insurance
• Medical Travel Insurance
• Group Travel Insurance
• Senior Citizen Travel Insurance
TOP GENERAL INSURANCE COMPANIES IN INDIA
ADVANTAGES OF GENERAL INSURANCE

• Self Dependency

• Financial Security

• Peace of Mind

• Savings