General Insurance
We all know that the world we live in is imperfect with uncertainties of risk evolving around us round the clock. One may be very wise and intelligent but never can he say nor predict as to when the worst might strike. Well! Misfortune strikes one and all, irrespective of caste, creed, color & status and virtually there exists no measures to check it from happening nor there will be an end to it. God forbid! Should such become a reality, then all our pride, joys & hopes will be shattered, our properties reduced to scrapes, rubbles & ashes. Naturally, the more property an individual owns, the more they will lose and likewise, greater the responsibility an individual shoulders, the greater will be the impact if they succumb to accidents or becomes physically disabled. It is a fact that nothing in this world can completely protect us nor compensate us fully, but the only way out to do so is to prepare and equip oneself for such situations with the best. This best is to take a practical step by reducing our financial vulnerability to risks that one is exposed to and seek the soothing hands of true friend to cling on during such hours of dismay. This is obviously non other than INSURANCE. What is Insurance? Insurance is paying little money now for financial protection in future during the times of need. It is a way of sharing risks with others but definitely not an investment that one might expect to get one?s money back. The General Insurance Department of the Royal Insurance Corporation of Bhutan Ltd. offers three types of broad Insurance schemes to cater all your insurance needs as hereunder.
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss in exchange for monetary compensation known as the premium and insuring anything other than human life is called general insurance. The Royal Insurance Corporation of Bhutan offers three types of broad general Insurance products/schemes to cater all the insurance needs of the people of Bhutan as follows: