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General insurance protects your things and money from sudden loss, theft, or damage. Unlike life insurance, these policies usually renew every year. Key types include motor insurance (car accidents), fire insurance (home disasters), travel insurance, and personal accident plans

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risk and insurance essential concepts . Risk is a part of our life

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General insurance is an insurance product that does not cover the life of an insured

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1. covers on vehicles:

carrying goods

carrying person

forestry

special types

2. comprehensive covers for commercial vehicles does not include medical expenses, personal accident benefits or content

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Commercial Lines- Offered to businesses or corporations

Personal Lines - Offered under Personal Lines , designed specifically for the public

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-AVIATION INSURANCE
-FIRE INSURANCE
-MARINE INSURANCE

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An insurance product that does not cover the life of an insured or is commonly known as a non-life insurance products

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General insurance is an insurance product that does not cover the life of an insured or is commonly known as a non-life insurance product.

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4 types of general insurance products
- Commercial lines
- Personal lines
- General Insurance policies
- Premium Insurance Policies

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https://www.piam.org.my/consumer/general-insurance-products/

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Fathiah Yasmin binti Azli, CS1121C

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What is General Insurance? Types of General Insurance & Its Benefits | HDFC securities

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The General Insurance Commercial Effects

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* Limited amount of income allocation for life insurance
* Need for temporary protection
* The insured wants to guarantee future insurability

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What is GENERAL INSURANCE? What does GENERAL INSURANCE mean? GENERAL INSURANCE meaning

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- property
- liability
- miscellanous

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nice

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general insurancetypes of general insurance:-private vehicles and motorcycle-aviation -marine

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general insurancetypes of general insurance:-private vehicles and motorcycle-aviation -marine

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general insurance

types of general insurance:
-private vehicles and motorcycle
-aviation
-marine

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applicable fro indemnity of loss

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types of general insurance:
-private vehicles and motorcycle
-aviation
-marine

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plays a great role in keeping an individual's life better

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general Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident andHealth Insurance, and liability insurance which covers legal liabilities

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general Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident andHealth Insurance, and liability insurance which covers legal liabilities

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- provides compensation for damage to machinery caused by its own failure, explosion or breakdown

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engineering insurance- provides compensation for damage to machinery caused by its own failure, explosion or breakdown

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engineering insurance- provides compensation for damage to machinery caused by its own failure, explosion or breakdown

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- compensates against any loss or damage to property which is caused directly by fire or lightning where the cause of ignition must be accidental or fortuitous in origin.
- covers on explosion, earthquake, water damage, impact damage, riot, theft, falling trees, damage to underground pipes, public liability, accidental damage to certain specified items(mirrors, glass, etc)
as well as legal liabilities to third parties for injury or damage

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types of general insurance products
- marine insurance
- aviation insurance
- private cars & motorcycles
- commercial vehicles
- transit insurance
- fire insurance
- theft insurance
- glass insurance
- engineering insurance
- travel insurance
- mortgage indemnity insurance
- liability insurance
- public liability insurance
- products liability insurance
- professional indemnity insurance
- fidelity insurance

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general insurance

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Now i know about life and general insurance and the different between them.

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GENERAL INSURANCE

General insurance is an insurance product that does not cover the life of an insured or is commonly known as a non-life insurance product.

There are two categories of general insurance products, one which falls under the Commercial Lines offered to businesses/corporations and the second one is offered under Personal Lines, designed specifically for the public.

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

Personal Lines

Motor Insurance

Fire / Houseowner / Householder Insurance

Medical & Health Insurance

Personal Accident Insurance

Travel Insurance

Commercial Lines

Liability Insurance

Fire Business Interruption Insurance

Goods in Transit Insurance

Money Insurance

Burglary / Theft Insurance

Fidelity Guarantee Insurance

Engineering Insurance

Marine Insurance

Aviation Insurance

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Now i can differentiate general insurance and life insurance

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Very wide.... it covers very uncertain risk

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general insurance and life insurance have a few difference. 

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general insurance and life insurance have a few difference. 

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first, risk in life insurance is certain although the time of death is uncertain but general insurance occurence of risk is uncertain. next , life insurance have a longer period pf protection while general insurance is in shorter period

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General Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. Suitable general Insurance covers are necessary forever family. It is important to protect one’s property, which one might have acquired from one’s hard earned income. Losses created to catastrophes such as the tsunami, earthquakes, losses can be devastating but insurance could help mitigate them. Property can be covered, so also the people against Personal Accident. A Health Insurance policy financial relief to a person undergoing medical treatment whether due to a disease or an injury. PRINCIPLES OF UTMOST GOOD FAITH The common law principle “Caveat Emptor” or let the buyer beware is applicable to commercial contracts and the buyer must satisfy himself that the contracts good because he has no legal redress later on if he has made a bad bargain.

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You may share your thoughts and opinion here. Happy discussing everyone!