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General Insurance

Protecting Your Assets, Powering Your Peace.

What Is General Insurance?

General Insurance, also known as Non-Life Insurance, provides financial protection against losses other than those covered by life insurance. It safeguards your assets, health, travel, and overall lifestyle from unforeseen events such as accidents, illnesses, theft, natural disasters, or liabilities.

Unlike life insurance, general insurance policies are usually annual contracts and need to be renewed every year (except for multi-year options like long-term motor insurance).

Why Is General Insurance Important?

1. Protection Against Financial Losses

Covers unexpected expenses arising from accidents, theft, natural disasters, illness, or property damage.

2. Risk Management

Helps individuals and businesses mitigate financial risks.

3. Peace of Mind

Knowing that your valuables, health, and travel are protected reduces stress during emergencies.

4. Mandatory for Some Categories

For example, motor insurance (third-party) is compulsory by law.

5. Wide Range of Coverage Options

Insurance for vehicles, homes, travel, health, gadgets, businesses, and more.

Types of General Insurance Policies

Health Insurance

Covers medical expenses, hospitalisation, treatments, surgeries, diagnostics, and more.

Protection for cars, bikes, and commercial vehicles.

Types:

  • Third-Party Liability (mandatory)

  • Comprehensive Insurance (own damage + third-party)

  • Zero Depreciation Cover

  • Return-to-Invoice & Add-ons

Protects your home and its contents from fire, theft, natural disasters, and mechanical/electrical breakdown.

Covers medical emergencies, trip cancellations, baggage loss, flight delays, and passport loss during travel.

Provides compensation in case of accidental death or disability.

Includes a wide range of policies designed for businesses:

  • Fire Insurance

  • Marine Insurance

  • Liability Insurance

  • Group Health Insurance

  • Workmen Compensation Insurance

  • Cyber Insurance

  • Professional Indemnity

Covers mobile phones, laptops, and other electronics from accidental damage or theft.

Covers veterinary expenses, surgeries, and medical conditions for pets.

Key Benefits of General Insurance

Financial Protection

Reduces financial burden in emergencies, accidents, or unexpected losses.

Choose plans based on lifestyle, assets, travel needs, or business requirements.

Enhance coverage with riders like zero depreciation, home content cover, critical illness, etc.

Health and motor insurers often offer cashless hospitalization or garage repair services.

Health insurance premiums qualify for Section 80D deductions.

How General Insurance Works

  1.  Choose the appropriate policy based on your needs.

  2.  Pay the premium to activate coverage.

  3.  In case of an incident, file a claim with supporting documents.

  4.  The insurer evaluates the claim and settles the approved amount.

  5.  Renew the policy annually (or as per tenure) to continue protection.

How to Choose the Right General Insurance Policy

Consider:

  • Your lifestyle and risks

  • Asset value (vehicle, home, gadgets)

  • Travel frequency

  • Medical history

  • Claim settlement ratio

  • Network hospitals/garages

  • Premium affordability

  • Add-on benefits

Who Should Buy General Insurance?

  • Individuals wanting financial protection from everyday risks

  • Families seeking protection for health, home, and travel

  • Vehicle owners (mandatory)

  • Travellers (domestic & international)

  • Business owners, SMEs, and professionals

  • Anyone who wants to protect valuable assets and reduce financial risk

General Insurance acts as a shield against life’s uncertainties. Whether it’s your health, car, home, travel, or business, general insurance ensures you remain financially secure during unexpected events. With multiple plans and customizable options, it is an essential part of every individual’s and business’s protection strategy.

Investment Solution

  • Mutual Funds & SIP

    A Mutual Fund is an investment vehicle that pools money from multiple investors and invests it in a diversified portfolio of assets such as equities

  • Fixed Deposit & Corporate FD’s

    Fixed Deposits (FDs) have long been a preferred choice for conservative investors seeking assured returns and capital protection. Offered by banks and NBFCs, FDs allow you to deposit

  • Bonds / NCD

    Bonds are fixed-income instruments issued by governments or companies to raise capital, paying periodic interest and returning principal at maturity.

  • Government Bonds & Debt Instruments

    In today’s unpredictable market landscape, many investors look for avenues that offer stability, regular income, and capital preservation.

Insurance

  • Life Insurance

    Life insurance is a financial protection plan that ensures your loved ones remain financially secure in case of your untimely demise.

  • Health Insurance

    Health insurance provides financial protection against medical expenses due to illnesses, accidents, and hospitalization. Even if you are healthy today, medical emergencies can arise at any time.

  • General Insurance

    General Insurance provides financial protection against non-life risks such as accidents, health emergencies, property damage, theft, or liability.

Loans

  • Loans Against Security

    A Loan Against Security is a credit facility where you pledge your financial investments—such as mutual funds, shares, bonds, insurance policies, or fixed deposits

  • Loans Against Mutual Funds

    At Wealthmart Global, our Loans Against Securities (LAS) solution empowers you to access funds without having to liquidate your long-term investments.

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