This refers to the insurance of risks where the policy offers cover for a limited period, usually one year.
All insurance excluding life and health insuranceâ€¢ Insurance - General
The class of insurance which does not involve death as the main risk. It includes home, car and many specialized commercial risks such as aviation or marine etc.
Every credit card holder is insured for a certain sum of money, which is paid upon the death of the individual. The insurance cover varies between bank to bank and depends upon the type of card owned. For example, each member of ANZ Grindlays Gold Card is insured for a sum of Rs 500,000 (in case of a general accident) and for 1,000,000 (in case of an air accident).
Insurance of (non-life) risks where the policy offers cover for a limited period, usually one year.
Insurance companies identify different types of insurance policy as falling into different branches. For instance the life branch covers the insurance of people and is generally known as life assurance. The insurance of property, is known as personal lines.
Auto Insurance Filing Insurance Claim Motorcycle Insurance
Insurance which is not long-term business (i.e. life & pensions).
A term used to describe non-life insurance. Most common forms of general insurance include contents, building and motor. General insurance typically provides cover for a limited time, usually a year.
General insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and casualty (P&C) insurance in the U.S..