5 Key Types of General Insurance

5 Key Types of General Insurance


General insurance service providers provides financial protection to their customer for the policies that they purchase. General Insurance helps us to minimise the financial risks for things we value like homes, vehicles, travel, or even health.

5 Key Types of General Insurance :

  • Health Insurance
  • Motor Insurance
  • Travel Insurance
  • Home Insurance
  • Fire Insurance
Health Insurance
Health Insurance

Health Insurance :

Health insurance covers the cost of medical care. It pays for or reimburses the amount you pay towards the treatment of any injury or illness.

Common types of Health Insurance :

  • Individual Policy
  • Family Floater Policy
  • Surgery Cover
  • Comprehensive Health Insurance
Home Insurance
Home Insurance

Home Insurance :

Home insurance is a cover that pays or compensates you for damage to your home due to natural calamities, man-made disasters or other threats.

Here are common types of commercial insurance:-

  • Property insurance
  • Marine Insurance
  • Liability insurance
  • engineering insurance
  • Financial lines insurance
Motor Insurance
Motor Insurance

Motor Insurance :

Motor insurance is for your car or bike what health insurance is for your health. It is a general insurance cover that offers financial protection to your vehicles from loss due to accidents, damage, theft, fire or natural calamities.

Fire Insurance
Fire Insurance

Fire Insurance :

Fire insurance pays or compensates for the damages caused to your property or goods due to fire. It covers the replacement, reconstruction or repair expenses of the insured property as well as the surrounding structures.

Travel Insurance
Travel Insurance

Travel Insurance :

A travel insurance compensates you or pays for any financial liabilities arising out of medical and non-medical emergencies during your travel abroad or within the country. It also covers the damages caused to a third-party property due to fire.

types of travel insurance policy include

  • Individual Travel Insurance Policy
  • Family Travel Insurance Policy
  • Student Travel Insurance Policy
  • Senior Citizens Travel Insurance Policy

Above listed policies are some example of general insurance policy.  There are a lot of general insurance apps which let you buy the insurance policies on the go.


5 Key Types of General Insurance



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