General insurance, also known as non-life insurance, provides coverage for a wide range of assets and liabilities. This type of insurance protects individuals and businesses against financial losses due to unforeseen events such as accidents, natural disasters, and theft. It encompasses various policies such as auto insurance, homeowners insurance, travel insurance, and business insurance. General insurance plays a crucial role in managing risks and providing peace of mind by transferring the financial burden of unexpected events to insurance companies. Policyholders pay premiums to insurers in exchange for coverage, and in the event of a covered loss, the insurer compensates the policyholder according to the terms of the policy.