
LIFE INSURANCE
- Purpose: Provides financial protection to the beneficiaries of the policyholder in the event of the policyholder's death.
- Coverage: Typically includes death benefits, but may also offer additional features such as savings or investment components.
- Examples: Whole life insurance, term life insurance, ULIPS,Endowment type.

GENERAL (NON -LIFE) INSURANCE
- Purpose: Covers a range of assets and liabilities, protecting against various risks other than loss of life.
- Coverage: Includes property and casualty insurance, health insurance, liability insurance, and more.
- Examples: Auto insurance, home insurance, health insurance, business liability insurance.