insurance products

Insurance products are financial agreements where you pay a company a premium in exchange for protection against specific risks, such as accidents, health issues, or property damage. If a covered event occurs, the insurer provides financial assistance or coverage according to the policy terms. This helps manage uncertainty and reduces potential financial burdens, offering peace of mind. Common types include health insurance, auto insurance, life insurance, and property insurance. Essentially, insurance spread the cost of unpredictable risks across many people, so no one faces catastrophic losses alone.