1. Life Insurance: Life insurance provides financial protection to dependents in the event of the policyholder’s death
and supports long-term savings and retirement planning. It plays a vital role in ensuring social and financial security as encouraged by IRDAI.
2. Health Insurance: Health insurance safeguards individuals and families against rising medical expenses. IRDAI promotes health
insurance as a key instrument to improve access to quality healthcare and reduce the financial burden of medical emergencies.
3. General Insurance: General insurance provides protection for assets, property, and liabilities against unexpected losses.
It supports economic stability by minimizing financial disruption arising from accidents, natural calamities, or legal liabilities.