Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes.
General Insurance is insurance for health and valuables other than life. General Insurance covers the insured against damage, loss and theft of your valuables. The premium and cover of general insurance depends upon the type and extent of insurance.
Fixed Deposit (or FD) is a low-risk financial instrument that is offered by banks, post offices or Non-Banking Financial Companies (NBFCs). You can easily invest in a Fixed Deposit and grow your savings at a fixed rate of interest, which is higher than interest rates offered by savings accounts.