Affordable General insurance for you

General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event.

Types of general insurance:

  • Motor Insurance: Motor Insurance can be divided into two groups, two and four wheeled vehicle 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 a house and its contents.
  • 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.

General Insurance & Its Importance

If you want to live your life risk-free, then General Insurance will be a great option. When you spend your earned money and want to be secured with the things you own, by any uncertain financial event. As we all know anything can happen anywhere and we need to be prepared to handle an uncertain loss. When we talk about Insurance, it can be health, life and general, if we talk about general insurance, it can cover your home, car, health and it almost covers everything. General Insurance also covers special kind of insurance benefits such as professional indemnity, theft, burglary and many more and hence people are looking forward to having general insurance policies.

Major Benifits:

  • For peace of Mind
  • To get secured in Business
  • To be secured from any kind of mishap
  • Security from any burden of loss
  • Good profit for businessman
  • To get rid of hospital bills
  • To cover car repairing expenses

Tax benefits of General Insurance

Out of all kinds of general insurance, health insurance has the tax benefits for individual insurers. As per section 80D of Income Tax Act, 1961, the insurance premium paid on health insurance plan is a qualified deduction and can be claimed against the taxable income of a person provided premium must be paid during a financial year. Maximum amount allowable as deduction u/s 80D is Rs 25,000 and is extensible up to INR 30,000 for a senior citizen. The deduction for senior citizen has been increased from Rs 30,000 to Rs 50,000 from the financial year 2018-19 as announced in Budget 2018. Hence, if a person pays insurance for both himself and parents who are a senior citizen, he can claim deduction up to Rs 75,000 in a financial year.

For persons carrying on business or profession can claim premium paid for general insurance during the year as expense u/s 28 only if insurance is directly / indirectly related to their business / profession and not a kind of personal expenditure. Getting insurance policies is a wise step towards saving or protecting your valuables in this world full of accident.s

Commercial Insurance / Personal Insurance

Don't wait until it's too late. Contact for all of your personal and commercial insurance.

Get A Quote