General insurance, also known as non-life insurance, is a category of insurance that covers all kinds of non-life insurance policies. It is typically defined as any insurance that is not determined to be life insurance. General insurance policies provide payments depending on the loss from a particular financial event, such as property damage, accidents, and medical emergencies. In the United States and Canada, general insurance is called property and casualty insurance, while in Continental Europe, it is called non-life insurance. In the United Kingdom, insurance is broadly divided into three areas: personal lines, commercial lines, and London market. Personal lines products are designed to be sold in large quantities and include autos (private car), homeowners (household), pet insurance, creditor insurance, and others. General insurance can be categorized into the following types:
- Motor Insurance: This includes two and four-wheeled vehicle insurance.
- Health Insurance: This includes individual health insurance, family floater health insurance, comprehensive health insurance, and critical illness insurance.
- Travel Insurance: This includes individual travel policy, family travel policy, student travel insurance, and others.
General insurance policies are generally renewed yearly and the premium is paid at once, either when the policy is bought or when it is renewed. The insurance claim of a general insurance policy can depend on specific events, such as hospitalization in case of a medical emergency or ailment.