All forms of insurance plans, apart from life insurance, are categorised as general insurance plans. For instance, if you are buying a new vehicle, a policy to safeguard your financial interest in the same is a form of general insurance. However, this particular type of general insurance is known as motor insurance. 

All forms of insurance plans, apart from life insurance, are categorised as general insurance plans. For instance, if you are buying a new vehicle, a policy to safeguard your financial interest in the same is a form of general insurance. However, this particular type of general insurance is known as motor insurance. 

Life insurance is a policy, which offers a death benefit to the covered policyholder. Thus, after the death of the insured individual, a life insurance policy offers financial compensation to the insured person’s family members. However, general insurance policies do not offer any death benefits. Instead, the insured policyholder of such plans can claim compensation when certain conditions are met. 

Life insurance is a policy, which offers a death benefit to the covered policyholder. Thus, after the death of the insured individual, a life insurance policy offers financial compensation to the insured person’s family members. However, general insurance policies do not offer any death benefits. Instead, the insured policyholder of such plans can claim compensation when certain conditions are met. 

You would need to consider several factors before picking an insurance company that is most suitable for your needs. The first thing to verify is the reputation of the brand, which one can glean from ratings on Facebook and Google. Next, assessing the claim settlement ratio should help you understand how easily one can acquire compensation from the company in times of need. Lastly, the premiums for policies on offer should also influence your decision regarding the ideal insurance provider.

You would need to consider several factors before picking an insurance company that is most suitable for your needs.

The first thing to verify is the reputation of the brand, which one can glean from ratings on Facebook and Google.

Next, assessing the claim settlement ratio should help you understand how easily one can acquire compensation from the company in times of need.

Lastly, the premiums for policies on offer should also influence your decision regarding the ideal insurance provider.