The bare propagator
(p2+m2)−1 for a scalar field, (γ⋅p+m)−1 for a Dirac field
is the inverse of the Fourier transformed differential operator inside the full quadratic part of the Lagrangian density. It includes the kinetic term (p2 for a scalar field, γ⋅p for a Dirac field) and the mass term (m2 for a scalar field, m for a Dirac field).
In renormalization theory, the bare mass term is replaced by the physical mass tern and the difference is added to the interaction as a mass counterterm. This is the first step needed to make the perturbation theory finite. In a second step, one adds momentum-dependent self-energy terms to get the renormalized propagator. Only the latter is a physical propagator with observable information.