Protection insurance is a broad category encompassing various types of coverage that offer financial security and support in times of unexpected events. Here's a brief overview of some common types:

Life insurance 

Provides a financial safety net for dependents or beneficiaries in the event of the insured person's death. Life Insurance can help cover funeral expenses, replace lost income, and settle outstanding debts, providing financial stability to the surviving family members.

Health Insurance:

Covers medical expenses, ensuring that individuals and families have access to necessary healthcare without facing substantial financial burdens. This helps manage costs associated with hospitalisation, surgery, prescription medications, and preventive care.

Income Protection Insurance:

Offers a replacement income if the policyholder is unable to work due to illness or injury. This assists in maintaining financial stability by providing a portion of the insured person's income during a period of temporary disability.

Critical Illness Insurance:

Pays out a tax free lump sum if the insured is diagnosed with a critical illness specified in the policy. The type of insurance provides a financial cushion to help cover medical expenses, lifestyle adjustments, and other costs during recovery from a severe illness.

Home Insurance:

Protects against financial losses related to damage or loss of a home and its contents due to events such as fire, theft, or natural disasters. This helps homeowners or renters recover financially from unexpected events, covering repair or replacement costs for damaged property and belongings.

Business Insurance:

This safeguards businesses from financial losses, legal liabilities, and interruptions to operations. There are various types of insurance designed to protect businesses from financial losses, including property insurance, liability insurance and business interruption insurance. 

Each type of protection insurance serves a specific purpose, providing financial security and peace of mind in the face of various risks. Individuals and businesses can customise their insurance portfolios based on their unique needs and circumstances, ensuring comprehensive coverage against unforeseen events.