General Insurance are non-life insurance, which covers damage to tangible assets like home, car, bikes, jewelry in case of theft, fire or any kind of damage due to uncertain event. A life insurance policy is taken to safeguard of one’s life in case of untimely demise, same general insurance policy is taken to safeguard one’s assets from unforeseen damage.

Basically General Insurance is an agreement between the policyholder and insurance company, comes into action to protection of tangible assets which may occur due to unfortunate event. If any such case of theft, fire, burglary happens to the assets the insurance company becomes liable to pay for the damages as described in the insurance agreement.