General insurance covers non-life assets – such as your home, vehicle, health, travel – from floods, fire, thefts, accidents and man-made disasters.
Today’s Paper
A suicide bomber’s blast ended more than 100 lives in the northwestern Pakistani city of Peshawar, devastating a mosque in a supposedly secure sector of the city, and sending smoke plumes into the sky and panic through the streets.
General insurance covers non-life assets – such as your home, vehicle, health, travel – from floods, fire, thefts, accidents and man-made disasters.
An essential risk mitigating tool, Health insurance prevents out-of-pocket expenses while dealing with a medical emergency. A general health insurance plan is an indemnity plan that pays for hospitalisation expenses up to the sum insured. While you can avail of a standalone health policy, family floater plans provide coverage to all the members of your family.
On the other hand, critical illness plans are fixed-benefit plans that provide a lump sum upon diagnosis of a critical ailment and cover medical costs such as pre-and post-hospitalisation costs.