Life Insurance Contents
Definition
Categories
Traditional Life Insurance
New type of life insurance
The characteristics of life insurance
Book Information
Brief Introduction
Library Catalog

[Edit this paragraph] definition of
Is based on life expectancy and body for the insurance subject of insurance. When people suffer tragic accident or illness, incapacitated by old age, disability, death or old age retirement, as agreed under an insurance contract, insurance, the insured person or beneficiary of insurance or annuity payments in order to address its illness, disability, aging and death caused by economic difficulties.
Life Insurance is a person's life and health insurance the subject of insurance. Life insurance policyholders in accordance with the policy the insurer agreed to pay the premiums, when the insured person in the contract occurred within a period of death, disability, disease, accident insurance, life insurance contract or reach the age, period, by the insurer in accordance with the contract commitment to pay the agreed insurance responsibilities. Life insurance is divided into life insurance, health insurance and personal accident insurance. [Edit this paragraph] Classification
1, according to insurance liability classification
Life insurance, health insurance, life accident insurance, annuities, dividends, insurance, new life insurance
2, according to the period of insurance categories
The long-term life insurance (insurance period of one year or more)
Short-term life insurance (insurance period of one year or one year or less)
3, classified according to underwriting approach
Group Life Insurance
Individual Insurance [Edit this paragraph] Traditional Life Insurance
The traditional wide range of personal insurance products, but in accordance with the scope of protection can be divided into life insurance, personal accident insurance and health insurance.
The life insurance can be divided into regular life insurance, endowment insurance, pension insurance, sickness insurance, health insurance policies can be divided into sickness insurance, medical insurance, disability income insurance, health care insurance.
Among them, annuity payments because the insurance payments on an annual basis in the form of periodic payments is named, the actual operation of the pension insurance are paid each quarter, the monthly payments and other forms. Old-age pension insurance for the insured to provide the necessary funding old age, education, pension insurance, their children's education may be thought to provide the necessary financial support.
At the same time, consumers may be in the personal accident insurance and regular life insurance choice in a dilemma, in fact, there are still two more different. First of all accidental injury insurance coverage for accidental injury caused by death, does not cover death caused by disease, which causes the death of the two regular life insurance are all areas of responsibility. Second, accidental injury insurance coverage for accidental injury caused by disability, and in accordance with the different degree of disability insurance payments. Life on a regular basis, some responsibility does not include disability payments, and some with disabilities, although the responsibility, but includes only the "personal insurance, disability insurance benefits with the proportion of the table" in the most serious a disability. Finally, accidental injury insurance, general insurance during the shorter, mostly for the following year and one-year period, while life insurance is general insurance on a regular basis during the long, can be five or ten years or twenty years or even longer. [Edit this paragraph] a new life insurance
More than a few traditional life insurance, are pure types of social security. With economic development, capital markets, the increasing degree of increase in domestic investment in recent years appeared on the market that will protect and invest in one of the new type of financial investment-oriented insurance, mainly including dividends type, universal type, investment-linked other three types.
Dividend-based insurance, insurance company refers to the actual operating results of its surplus than pricing assumptions, according to a certain percentage allocated to the policy holders of life insurance. Compared with ordinary products, dividends and dividend increase in functional products. But to note is that its dividend is not fixed, it is not guaranteed, and dividend levels and operating conditions of the insurance company has a direct relationship. Generally speaking, the year the insurance companies operating in good condition, the customer may be assigned to more dividends, but if the insurance company's financial situation is poor, the customer could be assigned to the dividend may be less or even none.
Universal insurance coverage type insurance that contains functions and set up an investment account at the end of the life insurance protection, it has the following characteristics: First, both investment and support functions. As part of the premium for the provision of death and other risk protection, net of risk premium and related charges, the remaining premiums for deposit in the investment account value. Second, Contributions flexible and transparent charges. Generally speaking, the insured pay the first premium, may from time to time not to pay a fixed premium. Meanwhile, with the common type known as traditional life insurance products and insurance dividend is different from insurance companies to policyholders for the fees charged by the express.