What is meant by general insurance?
General insurance covers risks that are not related to life, such as damage to property, accidents, or health-related issues. It's a contract where an insurance company agrees to pay for losses or damages incurred by the policyholder due to specific events or risks outlined in the policy. Unlike life insurance, which provides financial protection in the event of death, general insurance focuses on safeguarding assets and individuals from various non-life risks.

What are the 7 principles of general insurance?
In insurance, there are 7 basic principles that should be upheld, ie Insurable interest, Utmost good faith, proximate cause, indemnity, subrogation, contribution and loss of minimization.