Why is general insurance important?

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General insurance helps us protect ourselves and the things we value, such as our homes, our cars and our valuables, from the financial impact of risks, big and small – from fire, flood, storm and earthquake, to theft, car accidents, travel mishaps – and even from the costs of legal action against us.

What are the two main categories of general insurance?

Following are the different types of General Insurances in India: Health Insurance. Travel Insurance. Motor Insurance. Marine Insurance. Home Insurance. Commercial Insurance.

What is difference between general insurance and life insurance?

While life insurance covers the life of a person, general insurance provides cover to other aspects and assets in a person’s life, for example, health, car, travel, home, etc.