RiskIQ

What is General Insurance?

General insurance refers to insurance policies that provide financial protection for assets, property, health, and liability, excluding life insurance. It covers risks related to accidents, theft, damage, and other unforeseen events. General insurance policies are usually renewed annually and help individuals and businesses manage financial risks effectively.

Car Insurance

Prices starting at just ₹2,090/yr*

Benefits of General Insurance Policies

Peace of Mind & Future Security

Provides protection against unexpected expenses due to accidents, theft, or natural disasters. Reduces stress and worry during emergencies, allowing focus on recovery.

Protection Against Third-Party Liabilities

Covers liabilities arising from accidents where you might be at fault. Protects against financial implications of property damage or personal injury to third parties.

Tax Benefits & Savings

Many general insurance policies (e.g., health, motor) offer tax deductions. Premium payments can reduce taxable income, leading to potential savings.

Cashless Claim Benefits

Provides cashless settlement in network hospitals or garages. Removes the need for upfront payments during emergencies.

No Claim Bonus (NCB) & Discounts

Earn discounts on premiums for every claim-free year. No Claim Bonus (NCB) rewards responsible behavior and encourages risk management.

Legal Compliance & Mandatory Coverage

Some insurance policies (like third-party auto or workers’ compensation) are legally mandatory. Ensures compliance with regulations and avoids legal penalties.

Risk Management & Security

Transfers the financial risk of unexpected events to the insurer. Helps businesses and individuals manage risk more effectively.

Financial Protection

Protects against the risk of large, unexpected financial losses. Ensures that you’re not forced to deplete savings or go into debt in times of crisis.

FAQS

Cyber Liability Insurance is designed to protect businesses and individuals from financial losses caused by cyber threats, data breaches, and cyberattacks
Professional Indemnity Insurance is designed to protect professionals and businesses against claims arising from errors, negligence, or omissions in the services they provide.
Business Interruption Insurance provides financial protection for businesses that experience a temporary halt in operations due to an unexpected event, such as a natural disaster, fire, or equipment failure.
Commercial Property Insurance protects a business's physical assets from damage or loss due to covered events, such as fire, theft, vandalism, or natural disasters.
Directors and Officers (D&O) Liability Insurance protects the personal assets of company directors, officers, and executives from legal claims resulting from their actions (or inactions) while managing the company.
General Liability Insurance (GLI) is designed to protect businesses from financial losses caused by third-party claims for bodily injury, property damage, and personal or advertising injury that occur on the business premises or as a result of the business operations.
Motor Insurance provides financial protection against risks associated with owning and operating a vehicle, including accidents, theft, and third-party liabilities.

A deductible is the amount you must pay out-of-pocket before the insurance company covers the rest of the claim. A higher deductible results in lower premiums.

Inform the insurer immediately about the incident.
Submit required documents, such as medical bills, FIR (for theft), or repair estimates.
Survey & verification by the insurer.
Claim approval and settlement based on policy terms

Motor Insurance can be transferred to a new owner when selling a vehicle.
Health Insurance Portability allows you to switch insurers while retaining benefits.
Business Insurance may have specific transfer clauses