Question

list of the major service provided by private insurance company under non life insurance?

Answer 1

Answer:

General insurance deals in different types of coverage options. The types of plans which fall under the scope of general insurance include the following – Each of these types of plans has further sub-variants.                                            Health insurance policies cover medical contingencies. These plans cover the high costs associated with medical treatments and give policyholders financial relief in a medical crisis. Health insurance plans are available in different types                                                                                                              Travel insurance plans are those which cover the financial contingencies suffered when you are travelling. If you fall sick on a trip and need medical treatments, if you lose your baggage or if you suffer from any other contingency, a travel insurance plan would cover the costs incurred. Travel insurance plans also offer different types of policies                                            Motor insurance policies are mandatory coverage requirements for vehicles which run in India. The Motor Vehicles Act, 1988 states that every vehicle on Indian roads should have a third party cover on it. As such, motor insurance policies are bought by every vehicle owner                                                             Home insurance plans cover the financial loss suffered if the structure of the home and/or its contents are damaged or lost.                                                              Commercial insurance policies are those which are bought by businesses, traders, retail outlets and other types of business establishments to protect against specific risks that they face. There are a lot of variants under commercial insurance.  

Explanation: