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ADVERTISEMENTS: Read this article to learn about the types and formats of financial statement of General Insurance! Property Insurance. What is general insurance? This type of general insurance covers the cost of medical care. January 21, 2021. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance. The types are: 1. | PowerPoint PPT presentation | free to view, Know how you can compare term life insurance policies in India. General insurance, therefore, covers the loss of economic value of assets or the financial loss suffered due to specific contingencies. And they’re ready for you to use in your PowerPoint presentations the moment you need them. TYPES OF INSURANCE “Take Charge of Your Finances” Advanced Level 9. In general, insurance works by spreading the cost of unexpected risks among a large number of people in the same region who share similar risks. 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Home insurance, Motor insurance, Travel insurance and Health insurance plans are the different types of the insurance policy provided under general insurance category. Nature of contract: ADVERTISEMENTS: Nature of contract is a fundamental principle of insurance contract. General Insurance: Insurance contracts that do not come under the ambit of life insurance are called general insurance. General insurance covers non-life assets - such as your home, vehicle, health, travel – from floods, fire, thefts, accidents and man-made disasters. Here we look in a little more detail at life insurance and what types are available: - General insurance containing automobile and homeowners policies offer payments depending on the loss from a specific financial incident. Travel insurance applies to different modes of transportation, to ensure a safe journey. 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They'll give your presentations a professional, memorable appearance - the kind of sophisticated look that today's audiences expect. Marg, Vikhroli (W), Mumbai – 400083 India IRDAI Registration No: 133. This article throws light upon the two types of insurance. There is a list of various other types of general insurance … 2. And we can choose the types of risks we wish to cover by choosing the right kind of policy with the features we need. 5 Reasons Why Business Owners Need General Liability Insurance. How to Avoid a Rejected Claim with Your General Insurance Policies. 1. house insurance travel insurance health insurance General insurance includes various types of insurance which provide different type coverage to the policyholder. - There are 4 key types of health insurance NC that small businesses can choose from. 8. 7 Types of Insurance are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, Guarantee Insurance. For more information : http://www.promaxinsuranceagency.com. There are different types of liability insurance policies as mentioned below: 1) Commercial general liability (CGL) policy: A CGL policy protects the businesses against the claims arising out of bodily injury and property damage arising out of: Different Types of Auto Insurance and its Coverages, About Options for Restaurant and Shop Insurance - Select Insure. Medical expense insurance, leasehold insurance and commercial and homeowners multi-peril insurance, etc cover future expenses. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. It's FREE! Insurance products are generally of two types — Life Insurance and non-Life Insurance. The insurer will protect the insured from the financial liability in case of loss. General insurance products | piam. - If you’re new to the world of business, or have recently begun taking on employees, you may have some questions surrounding workers compensation insurance, here are a few of them along with their answers: Find Benefits of General Insurance over Bajaj General Insurances.