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 family 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.
The risks that are covered by general insurance are:
| * Property loss, for example, stolen car or burnt house |
| * Liability arising from damage caused by yourself to a third party |
| * Accidental death or injury |
The main products of general insurance includes:
| * Motor insurance |
| * Fire/ Houseowners/ Householders insurance |
| * Personal accident insurance |
| * Medical and health insurance |
| * Travel insurance |
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