INSURANCE PRODUCTS
Financial products designed to provide financial protection or compensation against risks, losses, or damages, including life, health, auto, and property insurance.
LIFE INSURANCE
Life Insurance provides financial protection to the policyholder’s family in the event of their death.
- Types: Includes term life insurance, whole life insurance, endowment plans, and unit-linked insurance plans (ULIPs).
- Benefits: Provides financial security to dependents, may offer investment components, and tax benefits.
GENERAL INSURANCE
General Insurance covers various types of non-life insurance policies.
- Types: Includes health insurance, motor insurance, property insurance, and travel insurance.
- Purpose: Protects against financial losses due to unforeseen events such as illness, accidents, or property damage.