The fund uses your money to invest, and then gives you dividends, which can be redeemed, does not guarantee capital, and has acceptable liquidity

For stocks, you open an account and trade in the securities market to earn the difference. Benefit, no capital preservation, income depends on personal operation level, high liquidity

Bonds are bills issued by the state or enterprises to lend money to investors. Some bonds can be traded in the securities market. Generally speaking, bonds are based on The principal is guaranteed at face value, and the interest rate is agreed upon in advance, and the interest is paid on schedule and the principal is repaid upon maturity. Average liquidity

Bancassurance products are actually insurance that consumers can buy through bank counters. Its biggest selling point is "protection + income", and the earliest insurance type sold through banks was savings dividend insurance. The advantage is that it has an insurance function, investment returns are generally not high, and liquidity is poor.

There are also some subtle conceptual differences. The main ones here are the mainstream ones. I hope they are useful to you