Non-life Insurance

Non-life insurance, also known as general insurance, covers risks related to property, health, and liability rather than lives. It includes policies like auto, home, travel, and business insurance, providing financial protection against unforeseen events such as accidents, damage, or theft. When a covered event occurs, the insurer compensates the policyholder for losses, helping them recover financially. Unlike life insurance, non-life insurance premiums are typically paid annually, and claims are made during the policy period. Its primary purpose is to manage risk and offer peace of mind by reducing potential financial burdens from unexpected incidents.