What Is General Insurance and Why Do You Need It?
General insurance refers to non-life insurance policies that protect your valuable assets—like your car, home, health, travel, and even business—from financial losses due to damage, theft, accidents, or other unexpected events.
Unlike life insurance, which offers coverage for life and death-related events, general insurance offers coverage for specific risks over a fixed period.
Why You Need It :
- Financial protection against unforeseen events
- Peace of mind knowing your assets are safeguarded
- Legal compliance, especially for vehicles (mandatory in India)
- Support during emergencies, like accidents, medical crises, or natural disasters.
Whether you’re a car owner, a frequent traveler, a homeowner, or a businessperson, general insurance acts as your financial shield.