There are various kinds of insurance. For example, health insurance, fire insurance, life insurance, and so on.

Literal

Various [attributive-な] kinds [possessive-の] insurance [subject-が] exists. For-example health-insurance, fire-insurance, life-insurance [et-cetera-など] is-[である].

様々な ('various / diverse') is a reduplicated na-adjective — the doubling of 様 intensifies the 'variety' sense. 例えば ('for example') is a classic enumerative connective. などである ends the list with 'and so on.' Textbook-style listing register.