Non-Life Insurance
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Insurance in India can be divided into life and non-life. General insurance is highly popular as these policies provide financial compensation when losses occur. These losses can be caused due to various incidents like accidents, diseases, fire, natural or man-made mishaps, etc.
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Non-life policies features include the following:
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The benefits of a non-life insurance policy are:
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The types of non-life insurance policies in India are:
Marine insurance
Home insurance
Travel insurance
Health insurance
Motor insurance
Commercial insurance
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Usually the following set of documents will be required to claim against a non-life insurance policy:
Proposal form
Age proof
Address proof
Medical examination report for health and RC book of the vehicle for the motor insurance.
Income proof
Invoice of the vehicle