About Online General Insurance
What is General Insurance?
By general insurance we mean any non-life insurance policy. The entire general insurance business in India is nationalized by the Government of India, thus offering a general financial security.
Declarations
While opting for a general insurance policy, every company has certain declarations to be signed by the insured. For information sake, the declarations may comprise as to the identity of the insured person (his name and address), details of insurance company, risk and the property covered, amount for which insurance cover is opted, deductibles, etc..
What Can You Insure Under General Insurance?
Any non-life item can be insured. Certain items covered under general insurance are, however, given below for broad idea:
€ Home and its contents belongings like showpieces jewelry, costly furnishings electronic items, valuables, etc. - Insurance against loss, theft, damage, fire etc
€ Travel Insurance
€ Motor Insurance including Car, Two wheeler & Boat Insurance Commercial vehicle, covering loss, theft, damage including third-party insurance comprising death compensation
€ Commercial insurance - In this will be covered your statutory liabilities, business assets, public liability, machinery, vehicles etc
€ Publications - Insurance against loss, theft, damage, fire etc
€ Electronic items- Insurance against loss, theft, damage, fire etc
€ Certain natural calamities
Cover Against Earthquakes
A part of your premium vis- -vis your house and belongings is parted with the Earthquake Commission, to offer you a limited cover consequent upon damages to your land, home or belongings caused by an earthquake, tsunami, volcano, or natural landslip landslide etc. Damages occurring from storms and floods to your residential land are also covered to a certain extent.
Why to Go In For General Insurance?
The single most factor that the whole business under this insurance is fully owned by the Government of India and hence our assets and finances are always in the secured hands. Rest positives may follow.
How Much Insurance to Take
Take an insurance cover for an amount that in the event of any mishap, your insurance claim should be commensurate with the loss accrued to you.
Two Wheeler Insurance
Everyone knows that life is very risky now-a-days. Much more prone to risk are users of two wheelers. Haphazard way of driving, specially by youngsters, bad roads even in urban areas, urge for going in for stunts, problems like traffic hazards, jams, congestions, etc. sometimes become a nuisance very often than not resulting in accidents. At times certain events even result in fatal injuries or even deaths, apart from a lot of financial losses. Keeping all this in view, one must go in for an insurance cover, at least to financially secure oneself.
Whereas which type and brand of two wheeler you may buy is your choice, certain guidelines to buy insurance for two wheeler and the facilities offered by various insurance companies are as follows:
a) Always opt for a comprehensive insurance policy along with third-party cover, which are even otherwise mandatory as per government rules. In case of fatal injuries or death occurring due to accident, the financial compensation is sufficient to offer financial security to your dependents. The third-party death-compensation is unlimited and is the liability of the insurer, which may run to lakhs or tens of lakhs depending upon the age, status, liabilities etc of the third-party on death.
b) Never forget to renew the insurance policy in time lest you do away with all the advantages of t insurance policy
c) You can change the insurer at the time of renewal, but it is always advisable to stick to one insurance company to avoid delay and other encumbrances to settle the claim. Online insurance offers certain attractive facilities
d) No Claim Bonus (NCB) facility upto 50% discount is available on renewal of the insurance policy in time, if there has been no claim during the preceding year.
f) In a nutshell, you have almost the same rules and regulations and facilities that are applicable in case of a car where motor bike is used.
By general insurance we mean any non-life insurance policy. The entire general insurance business in India is nationalized by the Government of India, thus offering a general financial security.
Declarations
While opting for a general insurance policy, every company has certain declarations to be signed by the insured. For information sake, the declarations may comprise as to the identity of the insured person (his name and address), details of insurance company, risk and the property covered, amount for which insurance cover is opted, deductibles, etc..
What Can You Insure Under General Insurance?
Any non-life item can be insured. Certain items covered under general insurance are, however, given below for broad idea:
€ Home and its contents belongings like showpieces jewelry, costly furnishings electronic items, valuables, etc. - Insurance against loss, theft, damage, fire etc
€ Travel Insurance
€ Motor Insurance including Car, Two wheeler & Boat Insurance Commercial vehicle, covering loss, theft, damage including third-party insurance comprising death compensation
€ Commercial insurance - In this will be covered your statutory liabilities, business assets, public liability, machinery, vehicles etc
€ Publications - Insurance against loss, theft, damage, fire etc
€ Electronic items- Insurance against loss, theft, damage, fire etc
€ Certain natural calamities
Cover Against Earthquakes
A part of your premium vis- -vis your house and belongings is parted with the Earthquake Commission, to offer you a limited cover consequent upon damages to your land, home or belongings caused by an earthquake, tsunami, volcano, or natural landslip landslide etc. Damages occurring from storms and floods to your residential land are also covered to a certain extent.
Why to Go In For General Insurance?
The single most factor that the whole business under this insurance is fully owned by the Government of India and hence our assets and finances are always in the secured hands. Rest positives may follow.
How Much Insurance to Take
Take an insurance cover for an amount that in the event of any mishap, your insurance claim should be commensurate with the loss accrued to you.
Two Wheeler Insurance
Everyone knows that life is very risky now-a-days. Much more prone to risk are users of two wheelers. Haphazard way of driving, specially by youngsters, bad roads even in urban areas, urge for going in for stunts, problems like traffic hazards, jams, congestions, etc. sometimes become a nuisance very often than not resulting in accidents. At times certain events even result in fatal injuries or even deaths, apart from a lot of financial losses. Keeping all this in view, one must go in for an insurance cover, at least to financially secure oneself.
Whereas which type and brand of two wheeler you may buy is your choice, certain guidelines to buy insurance for two wheeler and the facilities offered by various insurance companies are as follows:
a) Always opt for a comprehensive insurance policy along with third-party cover, which are even otherwise mandatory as per government rules. In case of fatal injuries or death occurring due to accident, the financial compensation is sufficient to offer financial security to your dependents. The third-party death-compensation is unlimited and is the liability of the insurer, which may run to lakhs or tens of lakhs depending upon the age, status, liabilities etc of the third-party on death.
b) Never forget to renew the insurance policy in time lest you do away with all the advantages of t insurance policy
c) You can change the insurer at the time of renewal, but it is always advisable to stick to one insurance company to avoid delay and other encumbrances to settle the claim. Online insurance offers certain attractive facilities
d) No Claim Bonus (NCB) facility upto 50% discount is available on renewal of the insurance policy in time, if there has been no claim during the preceding year.
f) In a nutshell, you have almost the same rules and regulations and facilities that are applicable in case of a car where motor bike is used.
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