What is General Insurance?

 

General insurance is basically an insurance policy that protects you against losses and damages other than those covered by life insurance. For more comprehensive coverage, it is vital for you to know about the risks covered to ensure that you and your assets are protected from unforeseen losses.

 

The coverage period for most general insurance policies and plans is usually one year, whereby premiums are normally paid on a one-time basis.

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The risks that are covered by general insurance are:

 

• Property loss, for example, a stolen car or burnt house

• Liability arising from damage caused by yourself to a third party

• Accidental death or injury

 

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The main products of general insurance include:

 

• Motor insurance (Allianz Road Warrior)

• Fire Insurance (Smart Retail Shield)

• HouseOwners Insurance (Great Shield Home) (Allianz Smart Cover)

• Householders insurance (Easi-Home)

• Personal accident insurance (GreatShield Active)

• Medical and health insurance (i-Medi + i-Medi ExPlus) (SmartMedic Million + SmartMedic Million Plus)

• Travel insurance (Allianz Travel Care)