General insurance provides financial protection against a wide range of risks, including damage to property, liability for injuries, and unforeseen events like natural disasters. Policyholders pay premiums to insurers, who compensate for covered losses. It offers crucial support during emergencies, ensuring stability and peace of mind.
Travel insurance provides financial protection against possible losses that you may suffer when you are travelling by air, especially in overseas travel. It covers you against financial losses due to loss of baggage, trip cancellation, and flight delays. Some travel insurances also cover medical expenses that you may have to incur while travelling.
As the name suggests, home insurance provides financial protection against damages caused to your home and its contents (furniture, home appliances etc) due to man-made (e.g. fire) or natural disasters (e.g. flood, earthquake etc).