Life, Health, and Investment Insurance are types of financial protection. Life Insurance provides a payout to beneficiaries upon the policyholder’s death, ensuring financial security for loved ones. Health Insurance covers medical expenses, such as doctor visits, surgeries, and hospital stays, reducing the financial burden of healthcare. Investment Insurance, like Unit-Linked Insurance Plans (ULIPs), combines life coverage with investment, where a portion of premiums is invested in various assets like stocks and bonds to generate returns. These products offer a mix of risk protection and financial growth, helping with both protection and long-term wealth building.
