General Insurance has been started or rooted in India by Triton Insurance Company Ltd. in thee year 1850 in Culcutta by British.
General insurance is another type of insurance that comes mostly under non-life insurance. Insurance is the way which helps you manage your financial risk at the point of any mishap or uncertain, undefined financial losses including automobiles, house or any non life things. General insurance helps us to bear the cost at the time of financial losses during the accident, injury, house damage because of fire.
Insurance is the contract between the insurer and individual or a property owner. At the time of taking insurance the customer have to pay the premium and the other cost. on behalf of that insurance company pays at the time of accident or damage cause of fire or any other financial losses happen.
General Insurance have different types in India for example, property insurance, motor insurance, health insurance, Travel Insurance, Fire Insurance, marine Insurance etc. Tye
Types of General Insurance
There are various types of the general insurance which leads to non life insurance mostly and covered policy holder financial loss due to uncertain damages
Health Insurance
As per the name this type of the general insurance is for life means for person which covered our losses or expenses due to medical emergency and the any illness of the policy holder also here we can add the family members of the policy holder, and again in this there are multiple types of health insurance