General Insurance

Presentation about general insurance policies, benefits, claim documents and its various types.

1. General Insurance Live worry-free!

2. What is General Insurance? Any sort of 'non-life' insurance policy falls under General Insurance It is also called as property & casualty insurance General Insurance covers property against : Fire Burglary Theft F lood storm E arthquake and so on It also covers M achinery against breakdown H ull of ships M otor vehicles against damages etc. General insurance covers almost everything including your home, car and health These policies are easy to purchase online

3. Why Insurance?

4. An insurance policy is a contract made between a policy-holder and an insurance company In agreement of paying a 'premium' amount, on a regular monthly basis, for a certain period of time, a person or his/her beneficiary receives coverage What is an Insurance Policy?

5. Types of General Insurance

6. It is a mandatory product to buy after you purchase your car Car repair expenses can be claimed in case of a car accident It provides  protection against third-party liability and physical damages from: Fire Theft Burglary Riots Earthquakes Flood Cyclones Car Insurance

7. This insurance is purchased to protect an individual or a business It covers the risk of P roperty damage Bodily injury to third party Being held legally liable for negligence It cover legal pay-outs and costs for which the person insured would be held responsible Liability Insurance

8. Marine Insurance Marine insurance refers to coverage provided for the loss or even damage that has been caused to cargo, ships, terminals between their points of origin and final destination Four types of marine insurances: Hull Insurance Cargo Insurance Freight Insurance Liability Insurance

9. Fire Insurance It covers any damage to property as a result of a fire It goes beyond property insurance and covers: The cost of reconstruction The cost of replacement The cost of repair The loss can be ascertained only after the fire has occurred The insurer is liable to the actual amount of loss not exceeding the maximum amount fixed under the policy

10. Engineering Insurance It is also referred to business insurance It provides coverage for Damage to machinery Business interruption Stock deterioration Computers and electronic equipment

11. Burglary Insurance Insurance provided against the damage in one’s residence as a result of burglary/theft is known as burglary insurance It provides financial compensation against loss or damage to property contained in your premises by acts of burglary It is essential to purchase this plan, especially in areas which are prone to thefts. This Insurance covers C ash Valuables Securities kept in a locked safe Cash box in locked steel cupboard

12. Benefits of general insurance

13. Copy of claim intimation given to insurer with Xerox copy of policy & premium receipt D uly filled Claim Form Driving License Registration Certificate of Vehicle Estimate of repairs from repairer and stamped receipt Bills and Cash Memo of repairs Verification of road tax Police Panchanama /FIR Permit and Fitness Certificate Other documents depending on which policy is purchased Claim Documents

14. Insurance Companies in India

15. Thank you