Insurance Product
Motor Insurance
Motor insurance is mandatory for all vehicles that run on Indian roads. It protects vehicle owners from losses due to unexpected damage due to accidents and disasters.
Non Motor Insurance
Non-motor insurance covers against risks of unexpected damage or loss to assets other than vehicles, such as home, medical expenses, health and travel.
What is Insurance and Why it is important?
Insurance is a financial contract between policyholder and insurer, to safeguard against risks and damage to life, health, property or assets, for which a premium is paid. Different types of insurance policy protect various assets and risks. The best insurance policy is one that matches the individual’s needs. Insurance is a pocket-friendly tool that gives one confidence and security to face life’s challenges, by mitigating risk and financial burden due to unexpected events. Some types of insurance policy enable savings for long term goals such as child education, retirement, health expenses, etc.
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General Insurance
General Insurance products cover risks associated with non-life assets such as motor vehicles, home, commercial vehicles, travel and also medical and health risks. The main purpose is to manage risks and secure against financial losses due to damage to these assets. Various types of general insurance policy are short term and offer risk protection without option of savings or investment of corpus. The coverage is only valid when renewal premiums are paid.
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Life Insurance
Life Insurance products protect the financial security of families by offering a lumpsum payout to the dependent beneficiaries who survive the loss or death of the policy holder. They also offer savings options to accumulate funds over a specified duration empowering wealth creation to meet future financial needs and goals such as savings, retirement, child education or marriage.
