General insurance is a type of insurance policy that provides financial protection against losses or damages that are not covered by life insurance. It includes a range of policies such as health insurance, auto insurance, property insurance, liability insurance, travel insurance, and others.
General insurance policies are typically short-term and provide coverage for a specific period of time. The premiums for general insurance policies are usually paid annually, semi-annually, or monthly.
General insurance policies are designed to protect individuals and businesses against various risks, including accidents, natural disasters, theft, and other unexpected events. They provide financial protection by compensating the policyholder for the loss or damage they suffer due to these events.
So, general insurance is an essential part of an individual’s or business’s financial plan, as it provides protection against a wide range of risks and uncertainties.