General insurance provides financial protection against specified risks involving vehicles, health, property, travel and businesses. The right coverage depends on the asset, risk exposure, policy limits, deductibles and applicable exclusions.

For example, if a covered vehicle repair costs ₹1,50,000 and the policy pays ₹1,20,000 after applicable deductibles, exclusions and policy conditions, the remaining ₹30,000 may be payable by the policyholder.

Tax treatment varies by the type and purpose of insurance. Eligible health insurance premiums may qualify for deductions under Section 80D, subject to applicable conditions and limits. Business-related insurance expenses may have different tax treatment depending on the nature and purpose of the expense.

General insurance products operate under the applicable IRDAI regulatory framework and are subject to insurer-specific terms, conditions, exclusions, deductibles, limits and claim procedures.

Types of General Insurance

• Vehicle Insurance: Protect your car, bike, commercial vehicle, or fleet against accidents, theft, fire, natural disasters, and third-party liabilities with comprehensive motor insurance.
• Home Insurance: Secure your home, building, and household contents against fire, burglary, floods, earthquakes, storms, and other unforeseen damages.
• Travel Insurance: Stay protected during domestic and international travel with coverage for medical emergencies, trip cancellations, baggage loss, passport loss, and travel delays.
• Personal Accident Insurance: Receive financial support in case of accidental death, permanent disability, partial disability, or accidental hospitalization.
• Fire Insurance: Protect residential, commercial, and industrial properties against financial losses caused by fire, lightning, explosions, and specified natural calamities.
• Marine Insurance: Safeguard goods, cargo, and shipments during domestic and international transportation against damage, theft, or loss while in transit.
• Electronic Equipment Insurance: Cover valuable electronic equipment such as computers, servers, medical devices, manufacturing equipment, and office electronics against accidental damage and breakdown.
• Liability Insurance: Protect businesses and professionals against legal liabilities arising from bodily injury, property damage, product defects, or operational risks.
• Commercial & Property Insurance: Secure offices, factories, warehouses, retail stores, and commercial buildings against fire, theft, natural disasters, equipment damage, and business risks.
• Logistics Insurance: Protect logistics companies, transport operators, warehouses, and supply chains against cargo loss, transit risks, and operational liabilities.
• Machinery Breakdown Insurance: Cover machinery and industrial equipment against sudden mechanical or electrical breakdowns, reducing costly repair and replacement expenses.
• Professional Indemnity Insurance: Protect doctors, architects, engineers, consultants, lawyers, accountants, and other professionals against claims arising from professional negligence, errors, or omissions.
• Boiler & Machinery Insurance: Provide financial protection for boilers, pressure plants, and heavy industrial machinery against accidental damage and operational failures.
• Workmen Compensation Insurance: Help employers meet their legal obligations by providing compensation for employee injuries, disability, or death arising out of workplace accidents.
• Crop Insurance: Protect farmers against crop losses caused by drought, floods, cyclones, pests, diseases, and other natural calamities.
• Burglary and Theft Insurance: Protect homes, offices, retail stores, warehouses, and businesses against financial losses resulting from burglary, theft, and attempted theft.
• Cyber Insurance: Safeguard individuals and businesses against cyber threats including ransomware attacks, data breaches, phishing, hacking incidents, cyber extortion, and digital liabilities.
• Aviation Insurance: Provide financial protection for aircraft owners, operators, airports, and aviation businesses against aircraft damage, passenger liabilities, and aviation-related risks.
• Pet Insurance: Protect your beloved pets by covering veterinary treatment, surgeries, illnesses, accidental injuries, and selected preventive healthcare expenses (subject to policy terms).

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Coverage, claims and tax treatment are subject to applicable policy terms, laws and regulations.