What kind of investment can help you to generate passive income with low risk?

Though there is no loss in the amount of money that is saved in a bank, there is a risk of inflation that may destroy a person's retirement. Therefore, people are looking for investment to grow wealth and overcome inflation. Especially, an investment that is able to generate passive income to help people to become a millionaire. Usually, investment will also have different levels of risk. What kind of investment has good passive income with low risk? It may be noticed that banks are willing to lend money to clients to buy RRSP, houses or condos, segregated fund, and insurance. Therefore, these areas may be the right places to put money for passive income with low risk. Think about it, which one will be the best one to generate high return? I will find opportunities to discuss the advantages and disadvantages of these investment in the future.