What is a deductible in insurance?
The amount you agree to pay out of pocket on every claim, and how it changes your premium.
Read What is a deductible in insurance General insurance, explained plainly
General Insurance in India — Simple, Practical Guides
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Today's quick read
What is a deductible in insurance?
The deductible is the amount you agree to pay towards a claim before your insurer pays the rest. A higher deductible usually lowers the premium — and raises what you cover yourself.
Read the deductible guide6
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Overview
General Insurance
The foundation of non-life cover — types, premiums, sum insured and how claims actually work.
VehiclesMotor Insurance
Third-party versus comprehensive, IDV, no claim bonus and the add-ons worth understanding.
HealthHealth Insurance
Individual versus family floater, waiting periods, pre-existing diseases and cashless treatment.
Coming soonTravel Insurance
Trip cancellation, medical treatment abroad, baggage cover and common exclusions.
Coming soonHome Insurance
Structure and contents cover, natural-event limits and how owner and tenant policies differ.
Coming soonPersonal Accident
Cover for accidental injury, disability and death, and how it sits alongside a health plan.
The basics
What is general insurance?
General insurance, also called non-life insurance, protects you against financial losses that are not linked to life cover — a road accident, a hospital bill, damage to your home or the theft of a vehicle. It is bought for a fixed policy period, usually a year, and renewed regularly.
Types in India
Types of general insurance in India
- Motor — compulsory third-party cover, optional comprehensive cover.
- Health — individual plans, family floaters and top-up plans.
- Home and property — structure, contents and named natural events.
- Personal accident — accidental death, disability and injury cover.
- Travel — medical treatment abroad and trip-related protection.
Before you buy
How to choose an insurance policy
- Decide what you are protecting and how much a serious loss would cost you.
- Set a sum insured that reflects that figure rather than the cheapest option.
- Read the exclusions list before the benefits list.
- Check deductibles, sub-limits, co-pay and waiting periods.
- Compare the claim process, documentation and network, not only the premium.
- Confirm the insurer is registered and read the official policy wording.
Glossary
Understanding insurance terms
- Sum insured
- — the maximum the insurer will pay in the policy period.
- Premium
- — what you pay to keep the policy in force.
- Deductible
- — the share of a claim you pay yourself.
- Exclusion
- — something the policy specifically does not cover.
- Policy period
- — the dates between which cover applies.
Latest insurance guides
Clear answers, one concept at a time
What is IDV in motor insurance?
The insured declared value sets the ceiling on a total-loss or theft settlement.
Read What is IDV in motor insuranceWhat is NCB in car insurance?
A renewal discount that grows with every claim-free year and resets after a claim.
Read What is NCB in car insurance