What are the benefits of a General Insurance?

<p>A General insurance policy has many benefits, such as: </p><ul><li><strong>Reimbursement:</strong> General insurance policies reimburse the insured for financial losses caused by certain events.&nbsp;</li><li><strong>Peace of mind: </strong>General insurance policies can provide peace of mind during loss, covering a major portion or total loss.</li><li><strong>Tax Benefits: </strong>Premiums paid for insurance policies may be eligible for tax benefits under Section 80C of the Income Tax Act, 1961.&nbsp;</li><li><strong>Sum Insured: </strong>These policies work on the principle of indemnity, providing compensation or cover for damages, loss, or injury to the insured asset.</li></ul>

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