Oriental Life Insurance Company, the first insurance company of India, was started by Europeans in Kolkata in 1818. The purpose of this company was to cater to the needs of European community. There was discrimination among the life of Europeans in the pre-independent era in India. Higher premiums were charged for lives of Indians in comparison with the lives of foreigners. Later in 1870 Bombay Mutual Life Assurance Society, the first company for Indians was established who covered Indian lives at normal rates.
If one of your single-families caught fire last night, are you certain it is insured properly? If a spring storm blew the roof off of your 12-unit apartment building, would you have coverage for your loss-of-rents? Is your subject-to exposure protected? When it comes to insuring your investment properties, it is best to know what protection you have, or don't have, before a claim! It is always nice to save a few dollars to add to your net income, but make sure you are aware, and more importantly, comfortable with your coverage levels and options.
General insurance refers to other forms of coverage other than life insurance. Examples include insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. It also includes professional indemnity insurance for professionals. By paying the premium under this policy, the insured can get reimbursement for any loss that may occur.
Perhaps you are seeking general information about different types of insurance, including health insurance, life insurance, auto insurance, etc. There are many insurance companies that provide different types of insurance, and there are other insurance companies that specialize in providing only one type of insurance, such as auto insurance.
Insurance coverage is one of the best investments you can make. Paying off a family member's hospital bills should not force you to endure the horror of losing your home and possessions. It can be preventable if precaution has been taken. There's no doubt that insurance companies are something that need to be looked at before a disaster strikes and not after.