Understanding general insurance

General insurance is the financial backbone that supports you when unforeseen events strike. We have a broad range of policies designed to protect your valued assets and lifestyle. From the car you drive (motor insurance) to the home you cherish (fire and home insurance), each policy is tailored to safeguard against specific risks. Investing in protecting the things that matter to you means you are immune to financial disruptions and are able to participate in the adventure of life to the fullest. This also extends to specialized fields with engineering and marine insurance, catering to precise industry needs.

Types of general insurance

Health insurance

Health insurance

Travel insurance

Travel insurance

Motor insurance

Motor insurance

Fire  insurance

Fire insurance

Liability  insurance

Liability insurance

Marine  insurance

Marine insurance

Personal accident insurance

Personal accident insurance

Engineering  insurance

Engineering insurance

Why choose general insurance

A safety net for your material assets

Long-term policies with the option for lifelong renewability

Tailored insurance options fit for individual requirements

Mitigate potential risks with strategic insurance policies

Our partners, your choice

Partnering with leading insurers to offer you a diverse choice in life insurance with a commitment of building life-long relationships

Bharti AXA

Bharti AXA

A joint venture between AXA Group and Bharti Enterprises, offering innovative insurance solutions that combine global expertise with local knowledge.

LIC

LIC

India's only public life insurance company, serving for 60 years and known for high claim settlements and a strong national presence.

KBL Suraksha

KBL Suraksha is a unique personal accident policy providing financial security to the family members of Karnataka bank’s SB Account customers.

Insurance commission disclosure

Information regarding policy renewal

Information for customers

Pradhan Mantri Suraksha Bima Yojana (PMSBY)

Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme was launched in 2015 with an aim to create social security among public. The PMSBY scheme covers death due to accident or handicapped for life due to accident cases, subject to the scheme conditions.Bank has tied up with New India Assurance Company for PMSBY scheme

Eligibility

The Scheme will be available to people in the age group 18 to 70 years with a savings bank account

Premium

Enrol into the scheme by paying a nominal annual premium amount of 20

Policy period

One year period stretching from 1st June to 31st May on an annual renewal basis.

Sum assured

The enrolled customers are eligible for sum assured of ₹2 Lakh or ₹1 Lakh, subject to the scheme conditions

Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)

Pradhan Mantri Jeevan Jyoti Bima Yojana is a Govt. Sponsored Life Insurance Scheme. The scheme is a one year cover Term Life Insurance Scheme, renewable from year to year, offering life insurance cover for death due to any reason.

Eligibility

All Savings Bank Account holders in the age 18-50 years can join this scheme.

Premium

Premium of ₹436 every year per customer, to be auto debited from the subscriber’s bank account

Policy period

One year period stretching from 1st June to 31st May of subsequent year

Sum assured

Risk coverage under this scheme is for ₹2 Lakh in case of death of the insured, due to any reason.

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Got questions? We’ve got answers.

Why do my assets need insurance?

Insurance acts as a safety net that financially protects you and your assets from losses due to accidents, theft, or other unforeseen events. It's a crucial step in safeguarding your financial future.

Consider the value of the asset, the risks you face, and your financial ability to handle potential losses. It's often beneficial to consult with an insurance advisor to find a policy that matches your specific needs.

Liability insurance provides protection against claims resulting from injuries and damage to people and property. It covers legal costs and payouts for which the insured party would be responsible if found legally liable.

Travel insurance is essential as it covers you for unforeseen medical expenses, trip cancellations, lost luggage, and other losses incurred while traveling. It's a layer of protection that can save you from unexpected costs.

The 'sum insured' is the maximum amount the insurer will pay in case of a claim during the policy term. In this policy, you can choose a sum insured ranging from ₹1 lakh to ₹50 lakh, based on your healthcare needs and budget.

Advantages of having general insurance

Protect your assets and peace of mind with our general insurance solutions. Whether it's property, automobile, or travel, our general insurance policy options are designed to cover the broad spectrum of your general insurance needs. Choose from a variety of general life insurance options to safeguard your valuables.

In the context of insurance, interest rates are more relevant to the returns offered by certain life insurance policies like endowment plans or ULIPs (Unit Linked Insurance Plans). The returns on these policies depend on the type of policy and the underlying investments for ULIPs. Traditional life insurance policies offer guaranteed returns, while ULIPs provide market-linked returns, which can vary. Understanding the projected rate of return and the risk involved is crucial in selecting the right policy that aligns with your financial goals.

Do thoroughly assess your insurance needs based on your lifestyle, financial obligations, and health conditions. Research and compare different policies to find the one that best suits your requirements. Be transparent about your medical history and lifestyle habits when applying for insurance. Don't overlook the policy details, especially the coverage, exclusions, premiums, and terms of renewal. Avoid letting your policy lapse, as reinstating it can be costly and complicated. Regularly review and update your insurance to keep pace with life changes, such as marriage, parenthood, or changes in health.