What is General Insurance and Six types of general Insurance?

Introduction to General Insurance 

Insurance contracts that do not come under the ambit of life insurance are called general Insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non life Insurance.

Six Types of General Insurance

Six general Types of Insurance are given below:

1. Motor Insurance
2. Health Insurance
3. Travel Insurance
4. Home Insurance
5. Marine Insurance
6. Commercial Insurance

SIX TYPES OF INSURANCE ARE FURTHER DESCRIBED BELOW

1.MOTOR INSURANCE

Motor Insurance can be divided into two groups, one is car Four wheeler Insurance and Other is two wheeler Insurance.

2.HEALTH INSURANCE

Common types of health insurance includes, individual health insurance, family floater health insurance, comprehensive health insurance and critical illness insurance. You can go through this Life shield Health Insurance in Nepal , Personal Accident Insurance coverage Rider    and view different policies of health Insurance.

3.TRAVEL INSURANCE

Travel Insurance can be broadly grouped into Individual travel policy, Family Travel Policy, student travel Insurance and senior citizen health Insurance.

4.HOME INSURANCE

Home Insurance protects house and its contents in bad time.

5.MARINE INSURANCE

Marine cargo Insurance Covers goods, freight, cargo and other interests against loss or damage during transit by rail, road, sea and/ or air .

6.COMMERCIAL INSURANCE

Commercial Insurance encompasses solutions for all sectors of the industry arising out of business operations.

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