General Insurance

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General Insurance

Insurance other than ‘Life Insurance’ falls under the category of General Insurance. General Insurance comprises of insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. There are also other covers such as Errors and Omissions insurance for professionals, credit insurance etc.
General Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.
General Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.

Why To Invest In General Insurance ?

While life insurance policies cover the financial loss suffered due to loss of life, General Insurance policies cover the financial loss suffered due to the loss of an asset. General insurance, therefore, covers the loss of economic value of assets or the financial loss suffered due to specific contingencies.

Frequently Asked Questions

Here are the answer of some of frequently asked questions by new investors
General insurance helps us protect ourselves and the things we value, such as our homes, our cars and our valuables, from the financial impact of risks, big and small – from fire, flood, storm and earthquake, to theft, car accidents, travel mishaps – and even from the costs of legal action against us.
  1. Health Insurance
  2. Home Insurance
  3. Vehicle Insurance
  4. Travel Insurance
The general insurance financially protects your property from any damage. The general insurance plans include a policy to protect the property and anything related to your business. This can save you from facing massive financial loss due to natural calamity.
Different kinds of insurance pose different insurance eligibility criteria. For instance, Health Insurance policies may contain age limits and require you to undergo a medical examination. Travel Insurance may come with eligibility criteria related to the nature of travel.
General insurance covers non-life assets - such as your home, vehicle, health, travel – from floods, fire, thefts, accidents and man-made disasters.

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Mutual funds are subject to market risk

Mutual fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes. The Mutual Fund is not guaranteeing or assuring any dividend under any of the schemes and the same is subject to the availability and adequacy of distributable surplus. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
AMFI Registered Mutual Fund Distributor – ARN-83340 | Date of initial registration – 21 Sept 2023 | Current validity of ARN – 20 Sept 2026
Grievance Officer- Ankit Sharma | ankit@futurestride.in

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