General Insurance
What is General Insurance ?
General insurance is a financial product that offers protection against losses and damages other than life. It includes a wide range of policies such as motor insurance, health insurance, home insurance, travel insurance, and commercial insurance. These policies protect assets, liabilities, and unforeseen risks, offering financial support during accidents, theft, natural disasters, or emergencies.
General insurance policies are typically annual contracts that provide coverage for a specific event or set of risks. Whether you're protecting your car, safeguarding your home, covering travel uncertainties, or insuring your business, general insurance ensures you're not financially vulnerable when life takes an unexpected turn.
Insurance providers offer cashless services, fast claim settlement, wide coverage options, and tax benefits under applicable sections, making general insurance an essential part of risk management.
Key Features :
- Policy Types: Motor (car/bike), health, home, travel, fire, marine, personal accident, and commercial insurance plans.
- Coverage Amount: Based on asset value, risk level, or regulatory norms. Can range from ₹1 lakh to several crores.
- Duration: Usually annual policies, with options for long-term or multi-year plans in select categories.
- Cashless Network: For motor and health insurance, access to garages or hospitals offering cashless claim facilities.
Why Choose General Insurance ?
- Protect Valuable Assets like vehicles, property, and electronics from loss or damage.
- Financial Safety Net during emergencies such as accidents, thefts, travel issues, or natural disasters.
- Mandatory Coverage for certain categories like third-party motor insurance as per legal requirements.
- Customizable Plans based on your lifestyle, assets, and risk profile.
Eligibility Criteria (General) :
- Applicant: Indian citizen or business entity owning the asset.
- Age Requirement: Generally 18 years+ for individual policies.
- Ownership Proof: Required for insuring property, vehicle, or business assets.
- Inspection/Valuation: May be needed depending on policy type and asset insured.
Why Take People
Insurance from Wealth Finversity
Instant Policy Issuance
Most general insurance policies can be bought online in
minutes. Instant issuance is available after basic
verification, documentation, and payment. For motor and
travel insurance, policies are often activated immediately.
Flexible Premium Payment Options
Choose to pay premiums annually, semi-annually, or in EMIs
for select long-term plans. Flexible payment makes managing
your finances simpler and more structured.
High Coverage Customization
Get plans tailored to your property value, vehicle
make/model, travel destination, or business size. Customize
sum insured and add-on covers like zero depreciation,
baggage loss, accidental damage, or fire protection.
Versatile Policy Tenure
Select policy durations based on your requirement—1 year, 3
years, or more. Multi-year discounts are available in
vehicle insurance and long-term home insurance.
Easy & Minimal Documentation
Basic KYC documents are required: ID proof, address proof,
ownership/invoice documents. In some cases like online
renewals, no additional paperwork is needed.
Transparent & Reliable Coverage
Policy terms, inclusions, and exclusions are mentioned
clearly. No hidden charges. Trusted insurers offer high
claim settlement ratios and efficient support.
