General Insurance India: Protecting Financial Responsibilities

by Financial Planning financial planners noida India is a country where people want to be financially secured always. People think about future planning and investments. Insurance is another aspect that people are greatly aware of. There are many companies that provide insurance in the Indian market. Be it product insurance or a life insurance, it has gained a lot of importance over the past few years.
 
General insurance India provides protection against all risks and uncertainty which one may face in future excluding protection against life. It includes fire insurance, marine insurance, property insurance, personal insurance, motor insurance etc. All general insurance contracts are for a period of one year.

Principles of insurance are applicable to general insurance contracts. The insurance protection taken by the insured is called as the sum assured, at the time of loss a claim has to be filed by the insurer. Once claim is filed the insurance company will send a surveyor to determine the loss and accordingly compensation paid will be the sum assured or loss whichever is less.

There are many private sector insurance companies as well as public sector insurance companies in India. National General Insurance provides insurance services to people all over the nation.it are not restricted to geographical boundaries.



What is covered under general insurance?
You name a commodity and it can be covered under general insurance (except for life). This includes automobile, electronics, houses. Insurance can be for individuals or for businesses. Under individual insurance health, motor private car, mobile cellular phones and personal accidents are covered. Fire accidents, group health, burglar insurance are all covered under the business segment.

What is the importance on General insurance?

All commodities we buy require financial investments. This investment may run into a few thousand or in lakhs. In case of damage, partial or complete, general insurance tries to mitigate the loss and reduce the burden of damage.

Get information online:
Before signing to any policy, you need to know in detail about your insurance company. A policy should be that you are able to avail maximum benefits. Make sure you do not end up taking a wrong policy because in this case it is your hard earned money at stake. You need to know all kinds of risks involved so that you can make the right decision. Make sure that there are no hidden terms and policies. All terms should be clearly present on legal papers. Do not leave any space for confusion.

To get all the knowledge and information about general insurance, refer to the internet. You can find complete information regarding the various kinds of insurance, insurance companies and the various policies one offers. Primary research is of utmost importance. Compare prices of various policies and then come to any conclusion. Read all the conditions very properly and understand them.

It is important for every individual and to businesses at large to ensure that their assets are insured. It keeps them away from financial losses at the time of damage and emergency.  The daily risk of finance is lowered with your general insurance.

Sponsor Ads

• Ad Space Available - Rent it Now!

Created on Dec 31st 1969 18:00. Viewed 0 times.

Comments