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A First Timer's Guide to General Insurance
1st April 2025
4 mins read
4 mins read
A First-Timer's Guide to
GENERAL INSURANCE
Understanding
General Insurance
General insurance provides financial protection against losses or damages to assets, property, and accidents. Unlike life insurance, general insurance policies are on shorter term and renewable annually.
Types of General Insurance
Provided by AIA General Berhad
Personal
Accident
Insurance
(Accident Protection)
Provides financial protection in case of accidental injury, disability, or death.
Travel
Insurance
(Accident Protection)
Covers personal accident benefits,
along with additional protection for trip cancellations, lost baggage, and medical emergencies during travel.
Motor
Insurance
Covers financial losses related to vehicle damage, theft, and third-party liabilities.
Fire
Insurance
(Home Protection)
Protects your home and belongings against risks such as fire, theft, and other disasters.
Why General Insurance
Matters?
Prevents Unexpected Financial Losses
Accidents and unforeseen events can lead to significant expenses. General insurance helps ease the financial burden by covering repair costs, medical bills, or compensation payouts.
Ensures Financial Stability for You and Your Loved Ones
Personal accident coverage provides financial support if an accident results in disability or loss of life, ensuring your family is not left struggling with financial difficulties.
Complies with Legal Requirements
Certain types of insurance, such as motor insurance, are mandatory. Driving without valid third-party insurance can result in fines, legal consequences, or even loss of your driving license.
Protects Your Assets from Risks
Your home, car, and personal belongings represent valuable investments. Insurance helps safeguard them against potential losses caused by theft, natural disasters, or accidents.
What Factors Affect
My Insurance Premium?
Premiums are determined based on various factors, including the sum insured, age, risk level, claim history, optional add-ons and product type.
What Should I Consider
Before Buying Insurance?
Coverage Scope
Ensure the products meets your specific protection needs.
Exclusions
Understand what is not covered under the policy.
Premium Cost
Make sure the premium is within your budget.
A First-Timer's Guide to
GENERAL INSURANCE
Understanding
General Insurance
General insurance provides financial protection against losses or damages to assets, property, and accidents. Unlike life insurance, general insurance policies are on shorter term and renewable annually.
Types of General Insurance
Provided by AIA General Berhad
Personal
Accident
Insurance
(Accident Protection)
Provides financial protection in case of accidental injury, disability, or death.
Travel
Insurance
(Accident Protection)
Covers personal accident benefits,
along with additional protection for trip cancellations, lost baggage, and medical emergencies during travel.
Motor
Insurance
Covers financial losses related to vehicle damage, theft, and third-party liabilities.
Fire
Insurance
(Home Protection)
Protects your home and belongings against risks such as fire, theft, and other disasters.
Why General Insurance
Matters?
Prevents Unexpected Financial Losses
Personal accident coverage provides financial support if an accident results in disability or loss of life, ensuring your family is not left struggling with financial difficulties.
Ensures Financial Stability for You and Your Loved Ones
Personal accident coverage provides financial support if an accident results in disability or loss of life, ensuring your family is not left struggling with financial difficulties.
Complies with Legal Requirements
Certain types of insurance, such as motor insurance, are mandatory. Driving without valid third-party insurance can result in fines, legal consequences, or even loss of your driving license.
Protects Your Assets from Risks
Your home, car, and personal belongings represent valuable investments. Insurance helps safeguard them against potential losses caused by theft, natural disasters, or accidents.
What Factors Affect
My Insurance Premium?
Premiums are determined based on various factors, including the sum insured, age, risk level, claim history, optional add-ons and product type.
What Should I Consider
Before Buying Insurance?
01 Coverage Scope
Ensure the products meets your specific protection needs.
02 Exclusions
Understand what is not covered under the policy.
03 Premium Cost
Make sure the premium is within your budget.
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