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Frequently Asked Questions
What is General Insurance and what are the different kinds of General Insurance?
General Insurance is essentially Non-Life Insurance. It offers protective coverage for assets other than life. Depending on the kind of asset insured, there are different kinds of General Insurance, such as:
- Health Insurance, which insures the health of the policyholder
- Home Insurance, which covers residential properties
- Vehicle Insurance, which covers automobiles, cars, and other kinds of vehicles, depending on the specific terms of the policy
- Travel Insurance, which insures the policyholder against several mishaps/accidents that could occur during travel.
What is an insurance brokerage?
An insurance brokerage is a company licensed to sell insurance. Working with many different insurers, brokerage is able to sell various insurance policies and products to customers. Bundling different insurance products is also possible and very common for insurance brokerages to offer.
What are the benefits of working with an insurance broker?
There are a variety of benefits to working with an insurance broker. First, a broker will help you simplify your options between insurance companies and narrow down the options until you find the one that best suits your needs. Brokers will also remain transparent with customers, letting them know of any loopholes or coverages that won’t serve you. Finally, insurance brokers are not tied down to one company, which means they can provide you with various options.
Are there any fees associated with appointing you as our broker? Is engaging a broker more expensive?
We do not charge our clients for our services. As per industry practice, we obtain our remuneration from the insurance company with whom we place your insurance policies. Since we have in-depth knowledge of the insurance market and can negotiate on your behalf, it often costs less.
What is the eligibility criteria for purchasing General Insurance?
The exact eligibility criteria for General Insurance depends on the kind of insurance you are looking for, the terms associated with the policy and the insurance provider you choose. Different kinds of insurance pose different insurance eligibility criteria. For instance, Health Insurance policies may contain age limits and require you to undergo a medical examination. Travel Insurance may come with eligibility criteria related to the nature of travel. To truly understand the eligibility criteria, it is best to read the terms and conditions of the policy carefully.
What if I don't know what policies I need?
The exact eligibility criteria for General Insurance depends on the kind of insurance you are looking for, the terms associated with the policy and the insurance provider you choose. Different kinds of insurance pose different insurance eligibility criteria. For instance, Health Insurance policies may contain age limits and require you to undergo a medical examination. Travel Insurance may come with eligibility criteria related to the nature of travel. To truly understand the eligibility criteria, it is best to read the terms and conditions of the policy carefully.