Which of the following is not included in General Insurance?

Correct option is D

General Insurance refers to all non-life insurance policies that provide protection against risks such as fire, theft, accidents, marine losses, health issues, and fidelity-related risks. These insurance types are contracts of indemnity, meaning they compensate for actual financial loss.
On the other hand, Life Insurance is NOT part of General Insurance. Life insurance is a contract of assurance, not indemnity. It pays a predetermined amount (sum assured) on death or maturity, irrespective of the actual loss incurred. Therefore, it falls into an entirely separate category known as Life Insurance.
Thus, the correct answer is (d) Life Insurance.
Information Booster
1. General insurance includes motor, fire, marine, health, burglary, and liability insurance.
2. General insurance contracts are usually short-term, often for one year.
3. Life insurance policies are long-term, sometimes stretching 20–30 years.
4. Life insurance involves human life value, which cannot be indemnified.
5. General insurance works on the principle of indemnity, while life insurance does not.
Additional Information
· (a) Fire Insurance: A key component of general insurance; covers losses due to fire and related perils.
· (b) Marine Insurance: Part of general insurance, covering cargo, ships, and freight risks.
· (c) Fidelity Insurance: A type of general insurance protecting against employee dishonesty or fraud.