General assurance covers which of the following?

General assurance primarily pertains to types of insurance that protect against risks such as damage or loss of assets. This encompasses policies geared towards safeguarding physical items such as property or equipment, enabling individuals and businesses to mitigate financial losses associated with unforeseen events like theft, fire, or natural disasters. The concept of general assurance focuses on providing a security net that compensates for these risks, ensuring that the insured can recover financially after a loss occurs.

The other options encompass different areas of financial planning or assurance. For example, periodic investment growth relates to investment strategies rather than insurance. Life insurance for children falls under specific life insurance, which is more targeted rather than a general assurance concept. Similarly, retirement planning services are focused on how to financially prepare for retirement rather than insuring against loss or damage. Each of these alternatives serves distinct financial needs but does not align with the broader protective nature of general assurance.