General Insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person
It is the amount of money the insurance company guarantees to the beneficiaries identified in the policy upon the death of the insured. The insured will choose their desired death benefit amount based on estimated future needs of surviving heirs. The insurance company will determine whether there is an insurable interest and if the insured qualifies for the coverage based on the company's underwriting requirements.
An insurance policy that provides coverage losses resulting from the theft of personal property.An individual item, such as a diamond ring, may have an individual theft policy, or a policy may cover all property in a given area, like a house. In the latter case it may be part of a larger policy.
It is the insurance coverage for risks associated with traveling such as loss of luggage, delays, and death or injury while in a foreign country. ... Travel insurance is insurance coverage for risks associated with traveling such as loss of luggage, delays, and death or injury while in a foreign country.
It is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.