General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance.
Life insurance or life assurance, especially in the Commonwealth, is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).
Insurance Regulatory and Development Authority, India. Reg. No. IRDAI / WBA28 / 2015 Insurance is the subject matter of solicitation. Visitors are hereby informed that their information submitted on the website may be shared with insurers.