human
Can you provide me with some information about different types of insurance?
assistant
Sure! Insurance is broadly categorized into two main types—general and life. General insurance covers risks associated with consumer items and property, providing protection from losses due to fire, accident and theft. Examples of general insurance include home, car, crop, and travel insurance. Life insurance on the other hand provides financial security for the insured’s dependents after death of the policyholder. Life insurance premiums are typically higher than those of general insurance, but the coverage and payout are more significant. Common types of life insurance include term life, whole life, variable life, and universal life insurance.