General Insurance Options to Enhance Security Standard

Every individual works hard to secure their future and save a significant amount of money to enjoy the leisure that life has to offer. However, when an unexpected emergency situation comes face-to-face, they become helpless, hopeless to save themselves from the the unfortunate happening. One of the major losses in such situation is loss of savings or assets that breaks a person from within, wishing they could do something to stop the misfortune. 

Introducing general insurance policies into their life is what everyone can do to ensure financial protection from risks posed by natural calamities, medical emergencies, diseases, and accidents. There’s no doubt that life insurance is of vital significance, but one must not depend only on one option.

Prime General Insurance Options to Consider

• Health Insurance 

The rising medical costs have urged people to invest in health insurance. After all, health insurance saves individuals and their families from struggling to manage finances while trying to avail the best possible treatment in case of a medical emergency. Offering ultimate financial stability and peace of mind to the insured individual and their loved ones, health insurance frees one from paying for sky-rocketing surgical and medical expenses.

Most importantly, when most people fail to arrange a substantial amount of cash during an unexpected medical situation, it is health insurance that comes forward in providing a massive financial backup so that the insured can avail uninterrupted medical treatment. One should opt for a health insurance plan so that they can be free from the concerns of arranging money for expenses incurred due to inpatient hospitalisation, pre & post hospitalisation, emergency ambulance, domiciliary hospitalisation, organ donor expenses, AYUSH treatment and what not. 

• Motor Insurance

Motor insurance is of great prominence at the time of a vehicle purchase. Be it a two-wheeler or a private car or a commercial vehicle, every time there is a vehicle purchase, general insurance companies offer all-inclusive insurance policies that are quite light on the pocket. The best possible solution for every vehicle owner to reduce stress, compensate monetary losses, and other concerns, motor insurance helps the policyholder stay protected from any liabilities that may arise as a result of a road mishap.

In case, you did not know, learn that in according to the Motor Vehicles Act, 1988, in India, it is a compulsion for every vehicle owner to invest in motor insurance for their motor vehicle (at least a third-party motor insurance). Having said that, if you do not want to lose your sense of security and avail protection against natural disasters, man-made calamities, and more, opt for motor insurance without thinking twice. 

• Home Insurance 

Home is one of the most prized possessions of every individual. After all, a home is built after years of working hard, saving money, and other countless efforts. Having a home insurance policy is a must for every person so that even if natural disasters like floods, storm, fire, lightening, and others cause damage to your house, you still stay on the safe side. Note that home insurance also works great in ensuring protection for a home and its contents from man-made perils like riots, strikes, and others as well. Since repairing work of a damaged house (due to a calamity) can turn out to be expensive, it is better to invest in home insurance to avail a stable financial support at a time like such. 

• Travel Insurance 

Frequent travelers, have you invested in travel insurance? In case, you are yet to make this important decision, go ahead and choose a travel insurance best suitable for your needs because not having travel insurance can result in multiple problems for you. Travel insurance is of vast significance for those travelling domestically or internationally as it comes to aid in case you lose your baggage, passport, and other belongings while traveling.

Tour canceled, baggage delay, flight delay or canceled, are also aspects that travel insurance can cover for you. One of the biggest concerns that travel insurance puts an end to is medical coverage. Needless to say, medical treatment abroad is financially draining, but with a travel insurance policy by your side, you can save yourself from financial distress. 

Now that you have finally comprehended the significance of general insurance products other than health insurance, make it a point to avail health, motor, home, and travel insurance according to your insurance. 

P.S. 

This is an informative article. InsuranceDekho does not provide home insurance and travel insurance. However, you can uncover more about car insurance, bike insurance as well as health insurance from us. 

Also Read

Covering OPD Cover in Health Insurance

4 Health Insurance Plans for Pre-existing Disease Coverage in India