General Insurance Companies - New India Assurance and Oriental Insurance

Posted by Steffi Sharma
2
Jul 13, 2016
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General Insurance products are the most selling insurance products in the market. It provides coverage against an unfortunate event that can harm the policyholder or its property due to any natural or man-made calamities. The policy provides financial assistance in case of any emergency. For example, it covers the cost of third party liability in case you the third party is injured or dead in the accident in which your vehicle is involved and covers the medical emergency in case of medical emergency. There are different insurance products that fall under the category of general insurance, for example, travel plan, health insurance, home insurance policy and motors insurance plans. Let us read the types of general insurance policy providers in the market:

Types of General Insurance

Travel Insurance

Travel Insurance policy offers protection against unfortunate events that adds extra expenses to your travel budget. Some common expected unfortunate events are trip cancellation or delay, loss of baggage or passport and medical emergency. These unforeseen situations need extra expenses for example accommodation charges due to trip cancellation, delay or medical illness. The travel insurance policy also provides assistance overseas in case you lost your passport or any other important documents.

Health Insurance

Health insurance policy provides financial assistance when the policyholder meets any medical emergency. It bears the costs of overseas medical treatments. The policy also offers coverage for the other expenses like ambulance charges, medication expenses and pre and post hospitalization. The insurance company provides a comprehensive health plan that provides multiple benefits and coverage under the single policy, for example, tax benefits, room rent and covers the cost of domiciliary expenses.

Motor Insurance

Motor insurance provides two types of insurance plans car insurance and bike insurance policy. There are different comprehensive insurance policies available in the market. This plan is very beneficial for policyholder as it provides multiple benefits and protects them against all the expenses incurred due to damage or loss to the policyholder and its property. Along with this it also bears the expenses incurred due to third party liability and damage to the own vehicle or property. It pays off the cost of damage or loss incurred due to the accident, theft, natural calamities like cyclone, flood or earthquake.

Home Insurance

Home insurance plans protect your beautiful home against any type of damage, loss or theft. There are number unexpected expenses that may incur due to any natural or man-made activity. For example, it covers the expenses incurred due to flood, earthquake, cyclone, lightning and flood and man-made calamities such as terrorist attack, strikes, fire, and riots.

Let us take an example of two best insurance companies, New India Assurance, and Oriental Insurance Online:

New India Assurance

New India Assurance Insurance Company offers wide variety types of policy, for example, health insurance plan, travel insurance, motor insurance policy and home insurance policy. These policies are well known for its comprehensive coverage and affordable premium rates. It includes unique benefits and coverage that make it best in the Indian insurance market. You can check the details of the plan online and compare different policy. This will help you to find the perfect insurance policy in the market.

Oriental Insurance

The Oriental Insurance Company is a very renowned organisation which is catering the wide range of customers over 60 years. The company is successfully running the general insurance business in the insurance market. The head Office of Oriental insurance is located in New Delhi. With the rising risk of unfortunate, unpredictable events the company has launched various insurance plans that provide comprehensive coverage to its policyholders. For example, the policy provides financial assistance in case the policyholder meets any unfortunate situation like illnesses, accidents, disasters. Oriental insurance also provides an insurance plan that provides coverage to your expensive assets like a home and car.
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