GENERAL INSURANCE
AUTO
- Registration Certificate (RC)
- Fitness Certificate (mandatory for commercial vehicles)
- Route/Transport Permit
- Previous Insurance Policy (for renewal)
- ID Proof & Address Proof of owner (Aadhaar / PAN / DL / Utility Bill)
- Driver’s Licence & Badge Copy (if required)
- Road Tax Receipt
- Load Challan / Goods Receipt / Route Permit (for goods vehicles)
- Vehicle Inspection Report (if requested by insurer)
- Invoice / KYC / Proof of Ownership (for new vehicles)
- Insurance Certificate / Policy Document
bus
- Registration Certificate (RC)
- Owner ID Proof (Aadhaar / PAN / DL)
- Address Proof (Aadhaar / Utility Bill)
- PUC Certificate
- Fitness Certificate (mandatory for commercial vehicles)
- Route Permit / Transport Permit
- Passenger Carriage Permit (for passenger buses)
- Tax Receipt (road tax)
- Previous Insurance Policy (for renewal)
- Vehicle Inspection Report (if required)
- Driver’s License + Badge Copy
- Passport-size Photograph (owner / operator)
car
- Registration Certificate (RC)
- Owner ID Proof (Aadhaar / PAN / DL)
- Address Proof (Aadhaar / Utility Bill)
- Pollution Under Control (PUC) Certificate
- Previous Insurance Policy (for renewal)
- Vehicle Invoice / KYC documents (for new vehicles)
- Loan / Hypothecation Documents (if financed)
- No Objection Certificate (NOC) from financier (if changing insurer)
- Vehicle Inspection Report (if requested by insurer)
- Passport-size Photograph of owner
- Insurance Certificate / Policy Document
MOTOR CYCLE
- Registration Certificate (RC)
- Owner ID Proof (Aadhaar / PAN / DL)
- Address Proof (Aadhaar / Utility Bill)
- Pollution Under Control (PUC) Certificate
- Previous Insurance Policy (for renewal)
- Vehicle Invoice / KYC documents (for new motorcycles)
- Loan / Hypothecation Documents (if financed)
- No Objection Certificate (NOC) from financier (if changing insurer)
- Vehicle Inspection Report (if requested by insurer)
- Passport-size Photograph of owner
- Insurance Certificate / Policy Document
TRUCK
- Latest Insurance Policy (mandatory)
- Third Party Liability Insurance
- Goods Carrying / Cargo Insurance (if applicable)
- Vehicle Insurance for Own Damage (OD) – optional but recommended
- Previous Insurance Policy (for renewal)
- Vehicle Inspection Report (if requested by insurer)
- Hypothecation / Loan Documents (if financed)
- No Objection Certificate (NOC) from financer (if changing insurer)
- Policyholder ID Proof (Aadhaar / PAN / DL / Company ID)
- Address Proof (Aadhaar / Utility Bill / Company Address Proof)
- RC Copy (Registration Certificate)
- Fitness Certificate copy (mandatory for commercial trucks)
- Commercial Vehicle Permit
- Road Tax Receipt copy
- Driver’s License & Badge Copy
- Accident / Claim History (if renewal or claim)
- Passport-size Photograph of the owner/operator
- Bank Account Details (for insurance payout, if required)
Property Insurance
| Type of Property Insurance | What It Covers | Examples | Key Notes |
|---|---|---|---|
| Home Insurance | Damage to house/building & belongings | Fire, burglary, natural disasters | Can be combined with personal belongings coverage |
| Fire Insurance | Loss/damage due to fire, lightning, explosions | Residential & commercial buildings, factories | Often includes coverage for smoke or water damage caused during firefighting |
| Burglary/Robbery Insurance | Loss due to theft or robbery | Cash, valuables, inventory | Covers physical theft or forcible entry |
| Natural Disaster Insurance | Damage from natural events | Earthquake, flood, cyclone, storm | Often optional or separate add-on; varies by region |
| Industrial/Factory Insurance | Factory building, machinery, raw material | Fire, machinery breakdown, natural disasters | Customizable based on industry and assets |
| Commercial Property Insurance | Business premises & assets | Shops, offices, warehouses | Can include loss of rental income due to damage |
Travel Insurance
| Type of Travel Insurance | What It Covers | Examples | Key Notes |
|---|---|---|---|
| Trip Cancellation Insurance | Reimbursement for canceled trips due to emergencies | Flight cancellation, hotel booking cancellations | Must purchase before trip start; usually covers emergencies, illness, or travel restrictions |
| Medical Travel Insurance | Medical expenses during travel | Hospitalization abroad, emergency medical evacuation | Covers pre-existing conditions only in certain plans; check exclusions |
| Lost or Delayed Luggage | Reimbursement for lost, stolen, or delayed baggage | Flight delays, lost luggage, baggage damage | Often requires proof from airline; limited coverage per item |
| Travel Accident Insurance | Accidental injury or death during travel | Accidents while traveling by plane, train, or car | Provides lump-sum or medical benefit depending on plan |
| Trip Interruption Insurance | Covers additional costs due to trip disruption | Missed connections, emergency returns, hotel rebooking | Useful for international travel; check coverage limits |
| Travel Liability Insurance | Covers legal liability for accidental damage to third parties | Injury to others, property damage during trip | Optional add-on in most travel insurance policies |
Marine Insurance
| Type of Marine Insurance | What It Covers | Examples | Key Notes |
|---|---|---|---|
| Hull Insurance | Covers physical damage to the ship or vessel | Damage from collision, grounding, storms | Protects shipowner’s investment; usually mandatory for financed vessels |
| Cargo Insurance | Covers loss or damage to goods in transit | Loss due to fire, piracy, rough seas | Can be tailored per shipment; often includes inland transit coverage |
| Freight Insurance | Covers loss of freight revenue due to cargo damage | Payment loss if cargo is damaged or delayed | Usually purchased by cargo owners or shippers |
| Liability Insurance (Protection & Indemnity) | Covers legal liabilities to third parties | Injury to crew, damage to other ships, environmental damage | Essential for shipowners; covers lawsuits and fines |
| War and Piracy Insurance | Covers losses due to war, terrorism, or piracy | Hijacking, attacks in conflict zones | Often purchased as an add-on to hull/cargo policies |
| Marine Combined Policies | Comprehensive coverage including hull, cargo, and liabilities | Ships, cargo, third-party liabilities | Cost-effective for operators needing all-in-one coverage |
Liability Insurance
| Type of Liability Insurance | What It Covers | Examples | Key Notes |
|---|---|---|---|
| Public Liability Insurance | Covers claims by third parties for bodily injury or property damage | Injury to visitors in your store, property damage to client premises | Essential for businesses interacting with the public |
| Professional Liability Insurance (Errors & Omissions) | Covers legal costs and damages due to professional mistakes or negligence | Consultants, doctors, lawyers, engineers | Important for professionals providing advice or services |
| Employer’s Liability Insurance | Covers claims by employees for work-related injuries or illnesses | Accidents at the workplace, occupational diseases | Often legally required for businesses with employees |
| Product Liability Insurance | Covers damages or injuries caused by products sold or supplied | Defective goods, contaminated food products | Critical for manufacturers, distributors, and retailers |
| Cyber Liability Insurance | Covers data breaches, cyberattacks, and related legal liabilities | Hacking, ransomware attacks, data loss | Increasingly important for businesses handling sensitive customer data |
| Directors & Officers (D&O) Liability Insurance | Covers legal claims against company directors and officers | Shareholder lawsuits, regulatory investigations | Protects leadership from personal financial risk due to corporate decisions |
Business Insurance
| Type of Commercial/Business Insurance | What It Covers | Examples | Key Notes |
|---|---|---|---|
| Property Insurance for Business | Covers damage to business premises & assets | Fire, burglary, natural disasters affecting office, warehouse, or store | Essential for protecting physical assets |
| Business Interruption Insurance | Covers loss of income due to disruptions | Natural disasters, fire, machinery breakdown causing business halt | Often combined with property insurance |
| Commercial Liability Insurance | Covers legal liabilities for third-party injury or property damage | Customer slips in store, damage to client property | Protects business from lawsuits |
| Workers’ Compensation Insurance | Covers employee injuries or illnesses due to work | Accidents at workplace, occupational disease | Often legally required depending on region |
| Cyber Liability Insurance | Covers data breaches, cyberattacks, and associated legal costs | Hacking, ransomware, loss of customer data | Increasingly important for businesses relying on technology |
| Directors & Officers (D&O) Insurance | Covers legal claims against company leadership | Shareholder lawsuits, regulatory investigations | Protects executives from personal financial risk |
General Insurance – Frequently Asked Questions
General insurance covers non-life risks such as health, motor, travel, home, and business insurance.
Health, Motor, Travel, Home, Personal Accident, and Commercial Insurance.
Health insurance covers medical expenses such as hospitalization, surgery, and treatment costs.
Treatment at a network hospital where the insurer pays bills directly.
Motor insurance covers damage or loss to vehicles and third-party liabilities.
Yes, third-party motor insurance is mandatory by law.
It covers damages or injury caused to another person or property.
It covers own vehicle damage plus third-party liability.
A discount on premium for every claim-free year.
A time period during which certain diseases are not covered.
Yes, after a waiting period of 2–4 years depending on policy.
Travel insurance covers medical emergencies, trip cancellation, and baggage loss while traveling.
It is mandatory for some countries like Schengen nations.
Home insurance covers damage to your house and belongings due to fire, theft, or natural disasters.
It provides compensation for accidental death or disability.
Health insurance premiums qualify for tax deduction under Section 80D.
The amount you pay before the insurer pays the claim.
A fixed percentage of claim amount paid by the insured.
Yes, policies can be purchased online quickly and often at lower premiums.
ID proof, address proof, vehicle or health details depending on policy type.
Continuing your insurance coverage after policy expiry.
Coverage stops and benefits like NCB may be lost.
The process by which the insurer verifies and pays a claim.
Usually 7–30 days after document submission.
Hospitals tied up with insurers for cashless treatment.
Yes, you can switch insurers without losing benefits.
A written change made to an existing insurance policy.
Motor third-party insurance is compulsory; others are optional.
Yes, NRIs can purchase general insurance policies in India.
Compare coverage, premium, claim settlement ratio, and network services.