Why is general insurance important?

A general insurance policy protects the things you value such as your home, your health, your motor vehicles, and even your travel plans. With a good general insurance plan by your side, you are safeguarded against the financial impact of numerous unfortunate events that can cause harm to you and/or your valuables. Some general insurance plans are also mandatory as per law. For instance, you cannot ride or drive a vehicle in India without a valid bike/car insurance policy.