What is General Insurance?

General insurance is a contract that provides financial compensation for any loss other than death. Make everything out of life. General insurance compensates for financial losses due to your home, car, bicycle, health, travel, etc. The insurance company undertakes to pay you an insured amount to cover damage to your vehicle, medical care to treat health problems, losses due to theft or fire, or even financial problems during the travel.

In other words, general insurance provides financial protection for all your assets against loss, damage, theft and other liabilities. It's different from life insurance.