Today here in this post, We are going to share with you What is General insurance? Types of general insurance and List of General Insurance Companies in India information we hope it will useful to you. So let’s check it out.
What is General insurance?
General insurance including homeowners and automobile policies, give payments depending on the loss from a particular financial event.
General insurance is typically defined as any insurance that is not planned to be life insurance. It is called property and casualty insurance in the USA and Canada and non-life insurance in Continental Europe.
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Types of general insurance
➽ Home Insurance:
It protects a house and its contents.
➽ Marine Insurance:
Marine cargo insurance covers goods, cargo, freight, and other interests against damage or loss during transit by rail, sea and/or air, road.
➽ Commercial Insurance:
Commercial insurance includes solutions for all sectors of the industry arising out of business operations.
➽ Motor Insurance:
Motor Insurance can be divided into 2 groups, first 2 wheeled vehicle insurance and second 4 wheeled vehicle insurance.
➽ Health Insurance:
Common types of health insurance include:
- Individual health insurance,
- Family floater health insurance,
- Comprehensive health insurance
- Critical illness insurance.
➽ Travel Insurance:
Travel insurance can be broadly grouped into:
- Individual travel policy
- Family travel policy
- Student travel insurance
- Senior citizen health insurance.
List of General Insurance Companies in India
|General Insurance Company Name List|
|Agriculture Insurance Company of India|
|Apollo Munich Insurance|
|Bajaj Allianz General Insurance|
|Bharti AXA General Insurance|
|Cholamandalam MS General Insurance|
|Cigna TTK Health Insurance Company Ltd – Cigna TTK|
|ECGC (Export Credit Guarantee Corporation of India)|
|Future Generali India Insurance Company Ltd|
|HDFC ERGO General Insurance|
|IFFCO Tokio General Insurance Company Limited|
|Liberty General Insurance|
|Magma HDI General Insurance|
|Max Bupa General Insurance|
|National Insurance Company Limited|
|New India Assurance|
|Oriental Insurance Company|
|Raheja QBE General Insurance Company Ltd – Raheja QBE|
|Reliance General Insurance|
|Religare Health Insurance|
|Royal Sundaram General Insurance Co. Limited|
|SBI General Insurance Company Ltd|
|Shriram General Insurance Company Ltd|
|Star Health and Allied Insurance|
|Tata AIG General Insurance|
|United India Insurance|
|Universal Sompo General Insurance|
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