• Phone: +91 9404822055
  • Canada Corner, Nashik
  • Email: info@trademagic.com

What is General Insurance ?

General Insurance protects against losses that may or may not occur, any insurance policy is not life insurance may be classified as general insurance. Below are the major risks that are covered by general insurance policies.

It covers insurance of property against fire, burglary, theft, personal insurance covering health, travel and accidents, and liability insurance covering legal liabilities. This insurance virtually covers all forms of insurance except life, other covers may include insurance against errors and omissions for professionals and credit insurance etc.


1. Health Insurance :

Health insurance is an insurance that is part of the whole person or part of the risks of medical expenses, which spread risk to a large number of individuals, by estimating the overall risk of health care and health systems at the risk pool, insurers can develop regular financial structures, such as monthly premium or payroll taxes to pay for the health care benefits specified in insurance.
This benefit is governed by a central organization such as government agency or private business sector, and according to the Indian Health Insurance Association health insurance is defined as coverage that provides payment for benefits as a result of illness or injury. It includes insurance for accident, medical expenses, disability, or accidental death and loss of exclusion.

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Health Insurance Plans :-Individual Health Plan, Family Floater Health Plan, Senior Citizen Health Plan, Critical Illness Insurance, Cancer Insurance Plan

2.Motor Insurance :

Motor insurance covers all damages and impact in a vehicle against on-road and off road emergencies. A comprehensive policy even secures against damage caused by natural and human made calamities.
This benefit is governed by a central organization such as government agency or private business sector, and according to the Indian Health Insurance Association health insurance is defined as coverage that provides payment for benefits as a result of illness or injury. It includes insurance for accident, medical expenses, disability, or accidental death and loss of exclusion.
Motor insurance offers protection to the vehicle owner against:
Damage to the vehicle
It also pays for any third party liability determined by law against the Vehicle owner

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Motor insurance is mandatory in India as per the motor vehicles act, and needs to be renewed every year. Driving a motor vehicle without insurance in a public place is a punishable offense. A motor insurance policy include personal accident and liability for third party insurance in addition to own damage cover of owner’s vehicle in one policy.
Common motor insurance include : Car Insurance Two Wheeler Insurance Commercial Vehicle Insurance
Some benefits of motor insurance include roadside assistance, cashless servicing at nationwide network of workshops and garages, personal accident cover and towing assistance


3.Home Insurance :

Home is often the most treasured place of an individual and largest financial investments one makes in life. protect the physical structure and contents of home.
Home insurance protects the house and the contents, it is depending on a insurance policy opted for. It secures the home against natural calamities, disasters and threats. Home insurance provides protection against risks and damages from fire, burglary, theft, flood, earthquakes etc. it covers the physical building structure and valuables contents in it.
Home insurance ensures that one’s hard earned savings are utilize to meet important needs instead of using them for rebuilding the home if natural harm was to come to it.

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4.Travel Insurance :

International travel, whether on a vacation or a business, may one experience incidental loss of a baggage or a passport, delay in a flight, medical emergency etc., situation will surely take the moments away from travelling.
Travel insurance also referred as a visitor insurance, covers against unseen medical and non-medical emergencies during overseas traveling, ensuring a hassle free travel experience. It protects the insured against misfortunes while traveling, assist by travel insurance policy.
Travel Insurance Plans :
Individual Travel Policy
Family Travel Policy
Student Travel Insurance
Senior Citizens Travel Policy

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Contact us :

+91 78218 94242
+91 78220 04950
+91 80809 39980

finance@trademagic.co.in

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