< Back



Buying life insurance is not easy, but with some simple ways to assess the requirement and basic knowledge, you can buy a good life insurance policy. But if you are purchasing general insurance for the first time, what should you keep in mind? A general insurance policy insures your tangible assets. Mainly the following:

• Health insurance
• Motor insurance
• Travel insurance
• Home insurance
• Marine insurance
• Commercial insurance.

Tips to keep in mind when buying general insurance

You could need either or all of the above types of general insurance. When you want to purchase general insurance, which is also for the first time, there are some essential tips that should be kept in mind. The first step, of course, is to know what you need to insure and, thus, decide which insurance policy you need.

1) Understand the plan you need:

Once you decide you need to buy a general insurance policy, you will need to determine what plan you need.

For example, if you need insurance for your car, you will need to decide if you only want to buy the third-party liability policy, which is mandatory by the government or comprehensive car insurance.

Similarly, each kind of insurance has plans, and you need to see which one suits you the best.

2) Choose the add-on covers you like:

After choosing the plan, you will need to check for the add-on covers available with the policy. For the unversed, add-on covers are extra coverage you can take in your basic plan by paying an additional premium.

We are continuing with our example of car insurance. In a standard policy, depreciation is deducted at the time of claim. But if you take an add-on cover of zero depreciation, no depreciation is deducted, and the claim amount is paid as per the settlement.

Thus, you should know all options available and buy the ones that will improve your coverage.

3) Double-check your sum insured:

The sum insured is the central part of an insurance plan. This is the basis of all claim settlements; thus, you need to be sure of this. If you need commercial insurance and are unsure of the sum insured, you can get a valuation and come to the value.

For all kinds of insurance, the sum insured is the most important as with a lower amount, you will need to pay from your pocket, and you will need to pay a higher premium for a higher one.

4) Understand the premium amount and terms:

Always understand why the premium amount is being charged and the terms and conditions, inclusions and exclusions of the policy. Choose a plan that will suit you the best with a premium that is okay with your budget.

5) Know about the deductibles:

Each policy will have some deductibles, and thus, understanding this is important. This amount will be deducted at the time of the claim, and you will have to pay it from your pocket.


General insurance is essential and a must-have to insure your tangible assets. Having a clear understanding is critical, and keeping some crucial tips in mind allows you to buy general insurance easily without any issues.

Disclaimer: The content provided is for education and informational purpose only, none of the information contained in our blog amounts to any form of opinion or advice. Please go through policy related documents carefully or consult an expert before making any insurance-related decisions.


Car Insurance Benefits


Benefits of car insurance

A car insurance can help you offset substantial financial loss that you may incur because of damage caused to your car

Add-on covers for Car Insurance


Must have Add On Covers for Car Insurance

A basic comprehensive car insurance covers damage to car, 3rd party liability and theft & loss of vehicle.

Car insurance


Right time to buy vehicle insurance

Buying a vehicle insurance is an important decision and you need to ensure that you make a timely purchase of vehicle insurance



Know How Car Insurance Premium Is Calculated

Car insurance premium calculation is based on various important factors. Learn about these factors.



Rules to follow for safe driving

Know About The Important Road Safety Rules To Follow





Significance of a motor vehicle insurance policy

Learn all the benefits a motor insurance policy has, aside from financial security.



Maintenance tips for car engine

Follow these engine maintenance tips and buy a car insurance with engine protection cover to keep engine secure.

Monsoon Tips Car


Monsoon Tips for Car

Simple tips to help you stay safe and keep your car moving ahead during monsoon.

What is Zero Depreciation Cover


What is Zero Depreciation Cover

Read on to understand what is zero depreciation car insurance cover and how it works.

Questions Regarding Motor Insurance Policies


Questions Regarding Motor Insurance Policies

Essential questions about motor vehicle insurance policies in India.