India Non-Life Insurance Market: Industry Analysis and Forecast (2021-2029)

Non-life insurance is an insurance policy that covers medical emergencies, and the property of a person. Non-life insurance is defined as a type of insurance that compensates the insured for losses sustained as a result of a specific financial event. Non-life insurance is also known as general insurance, property insurance, and casualty insurance. It can be defined as any type of insurance that isn’t life insurance. A non-life insurance policy covers people, legal responsibilities, and property. Non-life insurance policies typically have a one-year policy length. Depending on the type of insurance, the period may be longer. While life insurance is broken down into permanent and term life policies, non-life insurance includes many types of other insurance policies.