Top General Insurance Policies

General Insurance in other words is a non-life insurance which insures everything excluding life. Health, Holiday, Accident, Travel, Mortgage Protection, etc are some of the aspects that General Insurance covers. As compared to the normal life insurance policies, general insurance policies function in a different method.

Top general insurance companies in India

Here is the list of some of the top general insurance companies in India and their products:

Tata AIG General Insurance Company Limited:The firm started its operation in 2001 and is a joint venture between American International Group Inc. (AIG) and Tata Sons. In the tie-up Tata holds the stake of 74% while AIG posses 26% of the venture. The General Insurance policies offered by Tata AIG General Insurance Company Limited in India are:

• Hospital Care
• Healthcare
• Maharaksha
• Secured Future Plan
• Householder Insurance
• Critical Illness Insurance
• Auto Insurance
• Travel Insurance
• Personal Accident Insurance
• Shopkeepers Insurance
• Mediclaim Insurance
• Hospital Cash Insurance

ICICI Lombard General Insurance Company Limited: The Company initiated it general insurance business in 2001 and is an ISO 9001:2000 certified firm. It is India's premiere private insurance firm and is collaboration between India ICICI Bank Ltd and Fairfax Financial Holdings Limited. At the Asia Insurance Industry Awards ceremony, the company was honored as one of the top three "General Insurance Company of the Year". The General Insurance policies offered by ICICI Lombard General Insurance Company Ltd in India are:

• Householder Insurance
• Travel Insurance
• Personal Accident Insurance
• Auto Insurance
• Health Insurance

The Oriental Insurance Company Limited: The Company commenced its business in the year 1947 and offered insurance covers to the public at a feasible price. Since 1947, The Oriental Insurance Company Limited has been providing its services to all sections of the society besides offering exclusive covers to mega projects to firms venturing to establish power plants, chemical plants, etc. The General Insurance policies offered by The Oriental Insurance Company Limited in India are:

• Personal Accident Insurance
• Auto Insurance
• Shopkeepers Insurance
• Householder Insurance
• Travel Insurance
• Health Insurance

IFFCO Tokio General Insurance: Known as one of the finest general insurance firm in India, IFFCO Tokio General Insurance offers excellent service to its customers at reasonable costs. The firm has excelled in giving ingenious solutions to its vast clientele. It has been considered as consumer-centric firm and was the first to offer plans to its automobile and fertilizer customers. The General Insurance policies offered by IFFCO Tokio General Insurance in India are:

• Travel Insurance
• Health Insurance
• Personal Accident Insurance
• Householder Insurance

Bajaj Allianz General Insurance Company Limited: A joint venture between Allianz AG, who holds 26% in the company's stake; and Bajaj Auto Limited, who hold the remainder shares; Bajaj Allianz General Insurance Company Limited initiated its operations in 2001. It has a capital foundation of around ` 148 crores and is a premiere private insurer in India offering all kinds of non-life insurance such as health, risk management, etc. The General Insurance policies offered by Bajaj Allianz General Insurance Company Limited in India are:

• Auto Insurance
• Personal Accident Insurance
• Health Insurance
• Householder Insurance
• Travel Insurance

Insurance Tips

Insurance is a basic need of every one. Insurance is a service, which is provided by registered companies to individuals and groups. One can insure himself as well as his belongings with insurance. He has to pay a certain amount of money in every month, which is called premium, to the insurance company and in exchange of the fees, the provider covers the policyholder against all impending dangers.

Types of insurance: There are many types of insurance available in the market. However, the common types of insurance policies are:

Life insurance: Life insurance covers the entire life of the policyholder. The insured person receives cash benefits after the maturity of the policy. If the person dies after completion of the term, the cash benefits will be sent to the nominee of the policy. Some of the premium life insurance providers in India are:

• Life insurance Corporation of india
• SBI life insurance
• ICICI prudential life insurance
• Bajaj allianz life insurance
• Metlife india life insurance

Health insurance: Health insurance covers the policyholder against accidents and bad health conditions. It takes care of all the medical expenses of the insured person. Health insurance can be short term and long term. If the policyholder dies, the cash benefits will be sent to his family on a lump sum basis. Some of the top health insurance providers in India are:

• Apollo DKV Insurance Company Ltd.
• Aviva Life Insurance
• ICICI Lombard General Insurance Co. Ltd.
• Life Insurance Corporation Of India
• Star Health and Allied Insurance Company Limited

Home insurance: Home insurance covers your home and associated articles in your home. Home insurance is very useful for those, who are living in sensitive areas like natural calamity prone zone. Home insurance can be bought for own house and at the same time for rental apartment (covers belongings, not home). Top home insurance providers are:

• ICICI Lombard General Insurance
• Oriental Insurance Co. Ltd.
• National Insurance Company Ltd.

Car insurance: Car insurance covers your car and its accessories. If your car is damaged in an accident, this cover will compensate it. On the other hand, it also covers personal liabilities. For example, if anyone else's possession is damaged by your car, the insurance company will provide compensation for you. The best car insurance companies in India are:

• United India Insurance
• National Insurance Company Ltd.
• Oriental Insurance Co. Ltd.
• Tata AIG Insurance
• IFFCO Tokio Insurance

Travel insurance: During travel, any mishap can take place. To avoid financial crisis during travel and to bestow mental peace, travel insurance is a must-have for all travelers. There are single trip insurance as well as multi trip insurance cover available. Some top travel insurance providers are:

• Apollo DKV Insurance Company Limited
• TATA AIG General Insurance Co. Ltd.
• HDFC ERGO General Insurance Co. Ltd
• The New India Assurance Co. Ltd
• Bajaj Allianz General Insurance Co. Ltd.

How to find the best insurance: There are a number of insurance policies available in the market. The best way to pick the ideal plan for you is to search online. You can browse through a number of insurance plans and can compare their prices. Not all plans will be suitable for you. You should consider your wants and deeds before signing up for any plan.