There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.
General liability insurance, or umbrella policy
"Some of the advantages of having a health insurance policy are that if one happens to get sick, they will be covered by their medical insurance. If one is not covered the costs for medical care can be detrimental."
The main objective of general insurance is to provide insurance coverage for non life products. This may vary from medical insurance to fire & burglary, marine insurance, shopkeepers policy, householders policy and so on.
The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.
You need a commercial general liability policy.
In India, LIC of India sells health policy viz., Jeevan Arogya. But technically, health insurance policy comes within the purview of general insurance. Star Health & Allied Insurance Co.Ltd. in the general insurance sectors sells only Health insurance polcies.
there are two types of insurance 1. Life insurance 2. General insurance
In general, the age of majority in your state will dictate when you are of legal age to buy a life insurance policy on your own. Again in general, you would need to be the same age to sell it.
A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.
Term life insurance protects you for the term of the policy. You are not required to renew each term.
Both life and general insurance policies are risk based. In the case of life insurance policy, the risk is human life based. In general insurance, the risk whether cash/kind varies as per specific nature of the policy.In fact insurance policy is a substitute against avertment of risk factor.
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Insurance industry is boradly divided into two categories viz., life and general. While Life Insurance providers cover lives of individuals, general insurance covers vast items starting from medical insurance, fire & burglary, money transit, shop keepers' policy, householders' policy and so on.
Advantages are easy,your premiums will be less.Allways read through any policy carefully.
You need A General Liability Insurance Policy
As a general rule, life insurance proceeds from any type of policy are not taxable to the beneficiary. In addition, any loans from cash value are not taxable unless the policy lapses.
Since human needs vary, there is necessity for different types of insurance policies. While life insurance policies cater only policies related to individual life, general insurance has vast categories ranging from medical insurance, shopkeepers policy, householders policy, fire and burglary policy, marine policy, money transit policy and so on. Each policy cater to specific needs of the person or concern as the case may be.
Aggregate = per year, which generally is the policy period.
It is a composite insurance policy(:
I can't think of a reason why not. If you want to pay someone to insure something (or someone) they should let you. I suppose it really depends on exactly what the insurance policy is (life insurance, auto insurance, some other general liability insurance). Check with the specific insurance company about the specific type of insurance for an exact answer.
The term 'excess' insurance is usually for liability coverage. An excess liability policy is also commonly referred to as an 'umbrella' policy because it offers additional coverage over other liability coverages. In the case of a subcontractors insurance, it would be a policy which would extend higher limits than the base policy on general liability and auto liability.
Almost any car insurance company will be able to offer you a general insurance policy at affordable rates. You should ask family, friends and co-workers for a referral to a good insurance agent in your local area.
The Policy Holder of a life insurance policy is the executor of the said policy.
Key person insurance is an important form of business insurance. In general, key person insurance can be described as an insurance policy that is taken out by a business to remunerate that business for financial losses.