General insurance policies are of many types, the most common ones being health insurance, home insurance, motor insurance, and travel insurance as well. These policies are designed to protect the important investments and aspects of your financial expenses. However, because of life insurance, general insurance categories often take a backseat. This should change as general insurance policies can help you mitigate unforeseen risks and dangers during various points in your life.
Of all the general insurance policies out there, you may require only a few, depending on your lifestyle and budget limits. Let’s look at how your job type can influence which general insurance policy would be ideal for you.
If you have a 9 to 5 job
General insurance policy you should opt for: Health insurance
The 9 to 5 office job is often a sedentary one. There is a high chance that all your work happens with you sitting in front of the screen. Clocking in 8-9 hours for several days a week is no easy task. As several studies have suggested, a sedentary lifestyle can lead to several health complications in the future. Furthermore, the stresses of a 9 to 5 job, plus the commute, can be stressful. Even though we may try our best, it may get difficult to ensure regular exercise or healthy meals.
If and when health issues do strike in the future, being prepared with health insurance can be immensely helpful for your finances. Make sure your health plan also covers annual health check-ups, vaccinations, and day care procedures apart from hospitalization, so that even minor health issues can be handled at due time.
If you have a job that requires constant flight travel
General insurance policy you should opt for: Travel insurance
Quality checking engineers, consultants, company representatives, creative professionals in the field of filmmaking – there are many jobs that require people to travel overseas, and travel often. For such travellers, the most ideal general insurance policy would be travel insurance. A well-structured travel insurance plan aids you financially in a variety of ways in case of unexpected circumstances. Whether it be medical emergencies, loss of important documents and baggage, or cancellation of flight due to natural calamities, you can rest assured about finances when you have travel insurance. If your job requires you to travel to several places at once, you can avail of multi-trip travel insurance.
Knowing that there is your policy to help you when you are in a foreign land can give you a sense of peace, which means better efficiency at your work.
Travel insurance is ideal also for those professionals whose job gives them a good number of vacation days. Make the most out of your vacations by securing them with a good travel insurance plan.
If you have a job that requires constant road travel
General insurance policy you should opt for: Motor insurance
People whose jobs require them to travel long distances via road have a very special bond with their vehicles. Journalists, company executives, construction managers, civil engineers, and many more know the important role that their car or bike plays in their jobs. Therefore, it is important to insure these vehicles with a comprehensive four-wheeler or two-wheeler insurance plan respectively. In case of any damage to your precious vehicle due to natural calamities, theft, fire, or accidents, the policy will pay for the repairs as specified. Make sure you choose an insurer with a large number of network garages and a high claim settlement ratio. It will ensure that your vehicle gets repaired quickly and you get the due compensation quickly too.
If you are a freelancer
General insurance policy you should opt for: Home insurance
When you are a freelancer, your home is more than just a home. It is your office as well! You probably have a small corner in your home where you have set up your work desk. More than others, you may have a stronger bond with your home since it is the place you spend the most time at. You can ensure the safety of your all-important abode and office with a well-curated home insurance plan. It will provide protection not only for your house but also for your belongings that are within it against a variety of risks and perils. This includes your electronic equipment and appliances as well. So, your laptop, which you may use for personal as well as professional uses, may be covered too.
Did you know that you can claim tax benefits on your home insurance premium? Yes, the income tax law allows tax exemptions to self-employed people on a variety of expenses they make towards their business. If you have insurance for your business property or other capital assets and are paying premiums for the same, you can claim tax benefits given you meet the conditions specified by the law.
The coverage provided for different general insurance policies may differ from insurer to insurer. Kindly read the insurance policy before signing.