Ans - Life insurance provides a death benefit to your nominee in the event of death. Health insurance provides compensation and/or reimbursement for hospitalization and other medical expenses.
On the other hand, personal accident insurance offers coverage against financial risks that may arise from accidental permanent total disability or the unexpected death of a working family member. Ultimately, this policy is very important, as it strengthens your financial portfolio and secures the future of your dependent family members in the face of unforeseen circumstances.