Types of General Insurance & What is general Insurance plan

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“Types of General Insurance” & What is general Insurance plan:- We hear about so many insurance policies and different conditions in it. But how many of us really understand what different types of general insurance policies mean and what do they protect? Essentially there are two types of insurance, life insurance and general insurance.

While life insurance is a coverage that pays a certain amount to the beneficiaries in the event of death of the insured, general insurance protects against unexpected losses and losses covered by life insurance.


Also known as non-life insurance, provides a piece of insurance cover against incidents like general insurance, property damage, motor accidents, etc. Assets have their own value and are susceptible to damage.

Typical general insurance cover can protect the economic value of the property and prevent huge financial loss. For example, a home insurance policy can save your home and valuables from disasters and theft. In this article, we look at the different types of general insurance policy and the cover provided by them.




Types of General Insurance


  • Motor Insurance
  • Health Insurance
  • Travel Insurance
  • Home Insurance
  • Commercial Insurance




Types of General Insurance & Feature


#1. Motor Insurance

You love speeding on long drives and highways. But have you secured your sweet ride? Motor insurance, which includes car insurance and two wheeler insurance, incorporates all the damage and liability to the vehicle. In addition, according to the Motor Vehicles Act, 1988, driving a motor vehicle without insurance at public place is a punishable offense.

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Either liability for a motor vehicle can be covered only by the policy which is a statutory requirement and in the event of an accident occurring due to a third party in case of accident, death, and / or legal for property damage Liability includes the use of the vehicle, or a package policy, in which the liability involves only the policy and the loss of the owner’s vehicle, which is usually called the ODee. Security cover.


Common motor insurance plans include 

Car insurance: There is also a comprehensive coverage against physical injury and bodily injury for the car, and also against third party liability.

Two wheeler insurance: A comprehensive two-wheeler insurance policy provides hassle-free protection to your bike or scooter against physical bikes, theft and third party liability.

Commercial vehicle insurance: Commercial vehicle insurance is a policy for commercial vehicles in different classes of vehicles such as private vehicles and public carriers, passenger vehicles, miscellaneous and special types of vehicles.



#2. Health Insurance

As a result of ill health, there may be a major obstacle in your life and work. Apart from this, the rising cost of health care costs means that you will open huge amounts of money to face these costs. This is the reason why you will need health insurance to cover your medical expenses after recruitment to hospital due to sudden illnesses or accidents caused by accidents. The hospitals listed here include cashless facility, before and after hospitalization, and ambulance fees.


some common types of health insurance policies:

Individual A health insurance policy covers 9health insurance policy, such as Bajaj Alias ​​Health Guard personal policy, cashless hospital recruitment and other facilities. If you feel that due to illness or accidents, the insurance sum of your existing health insurance plan is not enough, then to increase your health insurance, select additional cover such as health insurance policy.

Family Floater Policy Health Guard covers family members like family floater options under the same plan. The sum assured can be done in the form of a sum total for the benefit of a personal member or a person.

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Surgery Cover A surgical protection plan provides a definite benefit amount for the specified surgery and helps you take care of expensive medical treatment in the hospital. This benefit plan, which can be used as a standalone plan or rider, for surgical treatment of serious diseases like cancer, kidney failure, and heart attack.

Comprehensive Health Insurance Special benefits cover such as health care supplement, add-on cover, maternity benefit and tooth treatment, with a wide range of health insurance policies, such as a high-value comprehensive health insurance policy, meet all health care needs and ensure complete peace. In the brain, despite the situation of life you are in.

Other health insurance covers:

  • Personal Accident
  • Hospital Daily cash Allowance
  • Critical Illness



#3. Travel Insurance

Despite all your plans, a trip abroad may be wrong due to medical events, and non-medical contingencies like baggage, travel delays and other contingencies. Travel insurance cover the insured against these misfortunes while traveling.

Catering to people of all walks of life, Bajaj Allianz offers three different schemes – travel companions, travel elite and student travel. Choose a basic plan or go for extended cover according to your needs.

The different travel insurance policies include:

  • Individual travel policy
  • Family travel policy
  • Senior citizens travel policy
  • Student travel insurance




#4. Home Insurance

Your home is a priceless possession and is probably one of the biggest financial investments you made. It should be saved from unexpected events. With your home, property insurance also protects valuables and other properties, which are the interests of the insured. Along with your home, a comprehensive cover for the material, like My Home, ensures that your home is well protected.




#5. Commercial Insurance

Commercial insurance provides solutions for all sectors of the industry ranging from automotive, aviation, construction, chemicals, foods and beverages, manufacturing, oil and gas, pharmaceuticals, electricity, technology, telecommunications, textiles, transport and logistics.

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Some common types of commercial insurance include:

  • Property insurance 
  • Marine insurance 
  • Liability insurance
  • Financial lines insurance
  • Engineering insurance 
  • Energy insurance 
  • Employee benefits insurance 
  • International insurance solutions