Personally, I think it is better to buy health insurance, accident insurance and life insurance.
1. Health insurance: Health insurance mainly includes medical insurance, critical illness insurance and medical accident insurance, aiming at transferring the disease risk to insurance companies.
2. Accident insurance: Accident insurance is a highly leveraged commercial insurance, which can transfer some economic losses caused by accidents to insurance companies.
3. Life insurance: Life insurance mainly provides a sum of compensation to the beneficiary when the insured encounters risks, helping the family to maintain their lives and avoid falling into economic difficulties.