General insurance covers home, your travel, vehicle, and health (non-life assets) from fire, floods, accidents, man-made disasters, and theft. Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance. A general insurance policy pays for the losses that are incurred by the insured during the period of the policy.

General insurance policy is a short-term contract and in general insurance, the claim or the actual loss amount is reimbursed when a specific event occurs.

Important General Insurance Coverage a person should have:

• Health insurance is a must-have cover, given the ever-increasing healthcare charges, while travel and home insurance can help save you from a lot of grief. The general insurance cover that is mandatory is third-party liability car insurance. This is the minimum coverage that a vehicle should have before they can ply on Indian roads.
• Each and every type of general insurance cover comes with an aim, to offer coverage for a particular aspect. So, if you have not yet availed general insurance covers, then make sure you recognise your needs and buy the ones you require as soon as possible.