Types of General Insurance. Services (General insurance)

Services (General insurance)

Fire Insurance

• the main risk covered is fire

• Also included under this scheme are the risks arising from lightning, losses resulting from earthquake, hooliganism and strikes, malicious acts, terrorism, explosion, floods, inundation, cyclones and windstorms, landslides, aeroplane or accidental drop of goods from aeroplane, etc

Motor Insurance

• two types of insurance (comprehensive and third party liability) are offered to three types of vehicles, viz. large, light and two-wheelers

• As the possibility of accidents is constantly on the rise, this insurance stands out to be instrumental

Aviation Insurance

• operates to cover the risks of possible losses that may be suffered by aircrafts such as aeroplanes, helicopters, etc. and it also embraces the risk of losses that may be caused by these aircrafts.

Marine Insurance

• losses and damages that may be incurred by ships, the goods stationed in such ships and the losses and damages that may be suffered while transporting these goods to their respective destinations through other modes of transport are covered for

Engineering Insurance

the following schemes are included:

• Contractor Overall Risk Insurance
• Machinery Overall Risk Insurance
• Boiler Insurance

Medical Aid Insurance

• expenses resulting from the medical treatment of the personnel employed in any institutions or offices and their families are covered for
• Illness during travel is also embraced under this insurance policy