Fundamental of General Insurance by NURASYIKIN shamsuddin

Discussion on module 6

nurasyikinshamsuddin — 2017-06-05 02:08:57 UTC

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

F

ubauba66 — 2017-10-03 12:34:16 UTC

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.

general insurance and life insurance have a few difference.

2017-12-16 07:46:34 UTC

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

General Insurance

2017-12-16 15:20:56 UTC

Very wide.... it covers very uncertain risk

2017-12-20 05:23:38 UTC

Now i can differentiate general insurance and life insurance

2018-06-10 09:25:27 UTC

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

Commercial Lines

2018-06-13 22:50:32 UTC

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

2018-06-19 15:02:22 UTC

general insurance

2018-06-24 02:51:58 UTC

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

fire insurance

2018-06-24 03:01:10 UTC

- 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

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

2018-10-19 13:03:39 UTC

engineering insurance

2018-10-19 13:03:46 UTC

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

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

sitiaisyahnajwar — 2018-10-20 09:28:31 UTC

general insurance

2018-11-30 05:54:20 UTC

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

general insurance

2018-12-02 09:47:56 UTC

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

general insurance

2018-12-03 02:27:20 UTC

applicable fro indemnity of loss

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

2018-12-03 02:36:27 UTC

general insurance

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

great information

2018-12-09 01:48:55 UTC

nice

Types of general insurance

lailidinarazak — 2018-12-21 04:39:30 UTC

- property
- liability
- miscellanous

kausar_damira1 — 2019-06-15 15:58:19 UTC

Term life insurance is suitable when:

2019-06-21 09:20:05 UTC

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

2019-11-27 05:36:42 UTC

General Insurance

2019-12-01 11:13:07 UTC

Fathiah Yasmin binti Azli, CS1121C

General Insurance

2020-06-15 01:29:36 UTC

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

General Insurance

2022-06-30 13:00:15 UTC

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

General Insurance

2022-07-20 01:34:34 UTC

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.

General insurance

2023-07-03 16:57:28 UTC

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

GENERAL INSURANCE

2023-07-05 15:40:13 UTC

-AVIATION INSURANCE
-FIRE INSURANCE
-MARINE INSURANCE

TYPES OF GENERAL INSURANCE PRODUCTS

2024-03-20 07:37:35 UTC

Commercial Lines- Offered to businesses or corporations

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

commercial vehicle

2024-03-25 23:21:41 UTC

covers on vehicles:
- carrying goods
- carrying person
- forestry
- special types
comprehensive covers for commercial vehicles does not include medical expenses, personal accident benefits or content

What is general insurance ?

2025858626 — 2026-06-05 11:01:42 UTC

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