Glossary

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

Revocable Trust

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Buyer's Stamp Duty

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Index Fund

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Non-Fungible Token (NFT)

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