What type of insurance provides protection specifically to the policy owner?

Personal insurance is designed to provide coverage that protects the individual policy owner directly. This type of insurance typically includes life insurance, health insurance, and other policies that cater to the specific needs and circumstances of the individual. The benefits are intended to address personal risks and financial responsibilities, such as covering lost income due to a disability or providing a financial legacy for beneficiaries in the event of the policyholder's death.

In contrast, group insurance is meant for a collection of individuals, usually offered by an employer to their employees, which covers losses across a large group rather than focusing on the specific needs of one person. Blended insurance and combined insurance typically refer to policies that may incorporate elements of both life and health coverage or group and individual coverage but do not focus solely on protection tailored to the individual policy owner's circumstances.

Thus, personal insurance distinctly focuses on the individual policy owner's needs and provides tailored financial protection and benefits, making it the correct choice.