General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance. It is called property and casualty insurance in the United States and Canada and non-life insurance in Continental Europe and Asia.
General insurance can be categorized in to following:
- Motor Insurance: Motor Insurance can be divided into two group, one is car Four wheeler insurance and other is two wheeler insurance.
- Health Insurance: Common types of health insurance includes, individual health insurance, family floater health insurance, comprehensive health insurance and critical illness insurance.
- Travel Insurance: Travel insurance can be broadly grouped into Individual travel policy, Family Travel policy, student travel insurance and senior citizen health insurance.
- Home Insurance: Home insurance protects house and its contents in bad time.
- Marine Insurance: Marine cargo insurance covers goods, freight, cargo and other interests against loss or damage during transit by rail, road, sea and/or air.
- Commercial Insurance: Commercial insurance encompasses solutions for all sectors of the industry arising out of business operations
Commercial lines products are usually designed for relatively small legal entities. These would include workers’ compensation (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations. There are many companies that supply comprehensive commercial insurance packages for a wide range of different industries, including shops, restaurants and hotels.
Personal lines products are designed to be sold in large quantities. This would include autos (private car), homeowners (household), pet insurance, creditor insurance and others.