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Presentation about general insurance policies, benefits, claim documents and its various types.
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GENERAL INSURANCELive worry-free!
WHAT IS GENERAL INSURANCE? Any sort of 'non-life' insurance policy falls under General Insurance
It is also called as property & casualty insurance
General Insurance covers property against : Fire Burglary Theft Flood storm Earthquake and so on
It also covers Machinery against breakdown Hull of ships Motor vehicles against damages etc.
General insurance covers almost everything including your home, car and health
These policies are easy to purchase online
WHY INSURANCE?
An insurance policy is a contract made between a policy-holder and an insurance company
In agreement of paying a 'premium' amount, on a regular monthly basis, for a certain period of time, a person or his/her beneficiary receives coverage
WHAT IS AN INSURANCE POLICY?
TYPES OF GENERAL INSURANCE
It is a mandatory product to buy after you purchase your car
Car repair expenses can be claimed in case of a car accident
It provides protection against third-party liability and physical damages from: Fire Theft Burglary Riots Earthquakes Flood Cyclones
CAR INSURANCE
This insurance is purchased to protect an individual or a business
It covers the risk of Property damage Bodily injury to third party Being held legally liable for negligence
It cover legal pay-outs and costs for which the person insured would be held responsible
LIABILITY INSURANCE
MARINE INSURANCE Marine insurance refers to coverage provided for the loss or even
damage that has been caused to cargo, ships, terminals between their points of origin and final destination
Four types of marine insurances:1. Hull Insurance2. Cargo Insurance3. Freight Insurance4. Liability Insurance
FIRE INSURANCE It covers any damage to property as a result of a fire
It goes beyond property insurance and covers: The cost of reconstruction The cost of replacement The cost of repair
The loss can be ascertained only after thefire has occurred
The insurer is liable to the actual amount of loss not exceeding the maximum amount fixed under the policy
ENGINEERING INSURANCE It is also referred to business insurance
It provides coverage for Damage to machinery Business interruption Stock deterioration Computers and electronic equipment
BURGLARY INSURANCE Insurance provided against the damage in one’s residence
as a result of burglary/theft is known as burglary insurance
It provides financial compensation against loss or damage to property contained in your premises by acts of burglary
It is essential to purchase this plan, especially in areas which are prone to thefts.
This Insurance covers Cash Valuables Securities kept in a locked safe Cash box in locked steel cupboard
BENEFITS OF GENERAL INSURANCE
Benefits
Peace of mind
Investment
Savings
Self-dependenc
y
Financial security
Stability
Copy of claim intimation given to insurer with Xerox copy of policy &
premium receipt
Duly filled Claim Form
Driving License
Registration Certificate of Vehicle
Estimate of repairs from repairer and
stamped receipt
Bills and Cash Memo of repairs
Verification of road tax
Police Panchanama/FIR
Permit and Fitness Certificate
Other documents depending on which policy is purchased
CLAIM DOCUMENTS
THANK YOU
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