Insurance for Individuals


The primary purpose of life insurance, as with any insurance, is peace-of-mind. In the unfortunate event that you should pass away, the beneficiaries named in your policy – most often your family – will get the benefits of the policy.

How does it work?

You sign a contract and pay the fees, which are called “premiums” either monthly or annually. If you die the insurance company will pay your beneficiaries the money specified in your policy at once, which is referred to as “lump sum” or in instalments, which is called “an annuity”.

Types of agreements

The premiums that you are paying as the policy holder also incorporates a fee for the risk taken on and the administration of the policy.

There are two types:

  1. policies with pure-risk cover
  2. pure investment policies

Pension funds, on the other hand, are a specific insurance policy category dedicated to welfare purposes, therefore ruled from case-to-case by the Pension and Welfare national rules and typically involve investing on a long-term basis.

General insurance

Put simply, general insurance is any type of insurance other than life insurance. It includes different types of policies that fall into three broad categories of insurance against: damage to property, personal injury and public liability. Generali provides insurance policies covering the following:

  • Accident: a form of coverage that protects individuals in the event of an injury sustained from an accident. If an incident occurs, accident insurance will generally cover in the form of a lump sum to offset the burden of medical bills and other expenses related to the injury.
  • Health: Common types of health insurance includes individual health insurance, family floater health insurance, comprehensive health insurance and critical illness insurance.
  • Home: Home insurance covers loss and damage to an individual's house and to assets in the home. Homeowners insurance also provides liability coverage against accidents in the home or to the property.
  • Liability: Liability insurance provides protection against claims resulting from injuries and damage to people and/or property.
  • Motor: Motor Insurance covers loss or damage to the customer’s vehicle or a third party involved in an accident.The loss can be a result of having to repair a car following an accident for example or paying compensation to a third party for property damage, personal injury or death.
  • Travel: Travel insurance covers the costs and losses associated with traveling. It is a useful protection for those traveling domestically or abroad.

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