General Insurance
DEFINITION
General insurance is a broad category of non-life insurance that includes products such as vehicle, home, and travel insurance. It provides financial protection for assets and specific events by compensating for losses linked to health, travel, business risks, or property.
ELI5
It is insurance for things like your car, house, or trip. If something bad happens, the insurer may help pay for the loss.
Other related terms
Personal Mobility Insurance
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Financial Planning
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Contract For Difference (CFD)
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Insurance Nomination
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