GENERAL INSURANCE

PRODUCTS OF TOP FIVE GICs

Mithilesh Shukla
 Introduction
Insurance in broad terms may be described as a
method of sharing financial losses of few from a
common fund who are equally exposed to the same
loss

Insurance is classified into Life and General

Any insurance other than human lives comes under

the scope of General Insurance
 Top Five General Insurance Companies in
India
Bajaj Allianz General Insurance Company Limited
HDFC ERGO General Insurance Company Limited
ICICI Lombard General Insurance Company Limited
National Insurance Company Limited
Oriental Insurance Company Limited
 General Insurance Products
Motor Insurance
• It includes the following:
 Loss or damage to vehicle against natural calamities like
fire, explosion, earthquake, flood, storm etc.
 Loss or Damage to vehicle against Man-made calamities
like theft, riot, strike, accident etc.
 Personal accident coverage of certain sum for the
owner/driver while driving, travelling, mounting or
dismounting
 Protection against accidental damages resulting in the
permanent injury or death of a person, and damage caused
to the surrounding property
 Travel Insurance
The policy covers the following:
 Personal Accident (death and disablement)
 Medical Expenses and Repatriation 
 Loss and Delay of Checked Baggage
 Loss of Passport
 Hospitalization expenses
 Hijack Cover
 Health Insurance
The policy covers the following:
 Medical expenses incurred as an inpatient during
hospitalization for more than 24 hours, including room
charges, doctor’s fee, medicines bills, etc.
 Medical expenses incurred 30 days prior and 60 days post
hospitalization
 The policy also covers for hospitalization in case of Swine
Flu / H1N1 influenza
 Day Care expenses incurred on named advanced
technological surgeries and procedures requiring less than
24 hours of hospitalization
 Home Insurance
• The policy covers the losses to the structure and contents
of home due to any natural and man-made calamities like
fire, explosion, earthquake, flood etc
• The contents of home are also covered against loss due to
burglary or theft or an attempted burglary. It also covers
loss of jewellery, silver articles and precious stones kept
under lock
• Covers any damages and losses to the structure and / or
contents of your home due to acts of terrorism
• Additional expenses of rent for alternative
accommodation
 Shop Insurance
Shopkeepers Package policy safeguards the shop from
thefts and robberies
 It keeps the shop secure even when it's closed
 It provides a huge protection for the property,
interests of the insured and the partners in the
business
Electronic Equipment Insurance
This policy offers financial protection in case your
electronic equipment suffers accidental electrical and
machinery breakdown requiring repairs and /or
replacement.
This policy covers all types of computers including
micro - processors, word - processors, tele -
communication instruments, machine for medical
use, films and television studio equipment, electronic
score boards etc
THANK YOU