What does it mean to have both insurances, and what does it mean?

To put it simply, it means that if the insured survives until the expiration of the insurance period or dies during the insurance period, the insurance company will pay compensation according to the payment conditions agreed in the contract.

Ultra-complete! Everything you need to know about insurance is here.

1.The meaning and role of both risks.

According to the analysis given by the Insurance Association of China, the insurance of China is "life insurance with the condition of payment of insurance benefits based on death or survival until the expiration of the insurance period." In other words, it is a kind of life insurance that allows you to get a lump sum of money regardless of life or death.

Both insurance has the characteristics of savings and payment. Among them, savings means that if the insured is insured with both insurances, he can not only obtain a certain amount of protection, but also equivalent to a special kind of lump sum savings.

For example, Xiao Li bought a comprehensive insurance, paid the premium on time for each period, and if he survived until the insurance period expired, then the insurance company would pay Xiao Li a lump sum of insurance money. This is similar to depositing a term in a bank.

Seeing this, if you are interested in buying both insurance, then you must read this article before applying for insurance:

About both insurance, the salesman will definitely not tell you!

2.What you need to pay attention to when applying for both insurance.

Insurance is used to resist risks, but if you just blindly follow the trend, not only will it not play a role in resisting risks, but will increase your own risks. For example, what should I pay attention to when applying for both insurance? Hold your horses! Senior sister, this will give you two tricks!

1) The order of insurance. There are many different types of insurance, such as critical illness insurance and medical insurance. There are also guarantees for people's lives, such as life insurance, comprehensive insurance, etc.

So if the economic situation is average, it should naturally be allocated to ensure physical health first, and then to ensure life; Otherwise, when a serious illness comes, there is no money to **, and it will become far away and the water will not be able to save the near fire. On the other hand, if the economic situation is good, then it is recommended to buy both.

2) Insured population. Unlike critical illness insurance, which protects physical health, it is more suitable for people with a stable income or planning for retirement in advance.

With so many types of insurance, which one should I buy first?

Hello! Dual-endowment insurance is also known as "hybrid insurance" or "savings insurance", and endowment insurance is also known as life and death insurance, which is death insurance plus survival insurance. It is a type of insurance that allows the insured to receive insurance benefits on the condition that the insured dies or survives at the expiration of the insurance period.

Both insurance mainly covers the risk of human life. Endowment insurance means both life and death.

If the insured dies during the validity period of the insurance after the policyholder or the insured has paid the insurance premium, the insurance benefit shall be paid to the beneficiary; If the insured is still alive at the end of the insurance period, the insurer will also pay the insurance money to him/herself, and after the insurer pays the full amount of the insurance money, the insurance contract will be terminated, and the undue insurance premium after death will not be renewed.

Both insurance is one of the most popular varieties of life insurance, which can be used as a means of saving, as a guarantee for retirement, and can also be used to accumulate a sum of money for special purposes. At present, all kinds of long-term life insurance policies that are widely popular in China are adaptations on the basis of standard life and death policies.

Insurance, also known as life and death insurance, refers to life insurance in which the insurer shall bear the responsibility of paying insurance money in accordance with the insurance contract when the insured dies within the insurance period agreed in the insurance contract, or survives after the expiration of the insurance period.

Types of insurance business:

1. Ordinary insurance: The insurer pays the insurance money regardless of whether the insured dies during the insurance period or survives until the expiration of the insurance period.

2. Double insurance: If the insured survives at the expiration of the insurance period, the insurer will pay double the insurance money, and if the insured dies during the insurance period, the insurer will pay twice the insurance money.

3. Pension additional term insurance: if the insured survives at the expiration of the insurance period, the insurer pays double the insurance amount, and if the insured dies during the insurance period, the insurer pays the insurance money according to several times the survival insurance money.

4. Joint insurance: If two or more people jointly insure the insurance, during the insurance period, when any one of the joint insureds dies, the insurer will pay all the insurance money and the insurance will be terminated; If none of the joint insured dies during the insurance period, the insurer will also pay the insurance money at the end of the insurance period, and the insurance money will be jointly received by all the insureds.

Coverage for both. It is an insurance that has both protection and savings functions, and is also known as "life and death insurance."

When the insured dies during the insurance period, the insurance company will pay the death benefit to the beneficiary of the policy as agreed in the contract, and the insurance contract will be terminated. If the insured survives to the expiration of the insurance period, the insurance company will also pay a lump sum survival insurance benefit according to the agreement, in most cases, the agreed proportion of the premium paid, and a few products can pay the basic sum insured. The protection function of both insurance is average, and the savings function is more prominent.

Generally, it is recommended that individuals first equip protection insurance, and if the coverage amount is sufficient, they can be equipped with both insurance according to their own savings needs.

Extended information: Insurance refers to commercial insurance in which the policyholder pays insurance premiums to the insurer according to the contract, and the insurer bears the responsibility of compensating for the property losses caused by the occurrence of accidents that may occur as agreed in the contract, or the insured bears the responsibility of paying insurance money when the insured dies, is disabled, sick, or reaches the age and time limit agreed in the contract.

Behavior. 1. From an economic point of view, insurance is a financial arrangement for apportioning the loss of accidents; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other for its losses.

2. From a social point of view, insurance is an important part of the social and economic security system, and it is a "delicate stabilizer" of social production and social life.

3. From risk management.

From perspective, insurance is a method of risk management.

Commercial insurance can be roughly divided into: property insurance, life insurance.

Liability insurance, credit insurance, allowance insurance, marine insurance. The large categories are classified according to the scope of insurance coverage, and the small categories are classified according to the type of insurance subject. According to the insurance coverage, it is divided into:

Life Insurance, Property Insurance, Liability Insurance, Credit Guarantee Insurance. The subject of insurance is the subject of the insurance contract, which only includes the policyholder and the insurer.

The insured, the beneficiary, and the policy owner are not insurance subjects unless they are the same person as the policyholder. The policyholder refers to the person who has entered into an insurance contract with the insurer and has the obligation to pay insurance premiums in accordance with the insurance contract. The policyholder can be a natural person or a legal person, but must have civil capacity.

Insurer, also known as "insurer", refers to an insurance company that enters into an insurance contract with the policyholder and bears the responsibility of compensation or payment of insurance money. In China, there are joint-stock companies and wholly state-owned companies.

Two forms. The insurer is a legal person, and an individual citizen cannot act as an insurer.

The insured person refers to the insured person who, according to the insurance contract, is protected by the insurance contract and has the right to claim insurance money after the occurrence of the insured event.

of people. The policyholder is often the insured at the same time. The beneficiary refers to the person designated by the insured or the policyholder in the life insurance contract to have the right to claim insurance money, and the policyholder and the insured can be the beneficiary.

If the policyholder or insured person does not designate a beneficiary, his legal heirs are the beneficiaries. The owner of the policy, with the insurance interest.

The person who owns the policy, in many cases, is the policyholder, the beneficiary, and can also be the transferee of the policy.

Both insurance, also known as life and death insurance, refers to the life insurance company in which the insured dies within the insurance period agreed in the insurance contract, and the insurer shall bear the responsibility of paying the insurance money in accordance with the insurance contract when the insured dies within the insurance period agreed in the insurance contract.

Hello! Questions.

What is both.

The stamp duty of property insurance contracts includes property, responsibility, guarantee, credit and other insurance contracts, and the stamp duty of property insurance contracts is one-thousandth of the insurance premium.

The only child insurance means that the insured object is an only child, and the insurance is both life and death, that is, the survival benefit of the living policy can be received, and the life insurance benefit of the death is paid; Normally, this type of insurance also enjoys policy dividends, but there are also specific insurance benefits, which need to refer to the terms of the specific insurance contract. The only child insurance is an insurance that provides multi-faceted economic security for the only child and has the dual role of insurance and savings, and provides both the survival and death benefits of the only child. The insurance money obtained by the only child at the end of the survival period can be converted into the pension insurance of the pure parents, and the parents can receive a monthly pension until their death when the parents reach the age of 55 or 60.

All healthy only children from birth to 14 years old and non-only children who are allowed to have two children can be insured by the unit of their parents and caregivers. Regardless of age, each insurance premium is paid per month, and one can be insured for multiple copies. The insurance period is:

At that time, the actual age of the policy starts from the age of 14, and the amount of insurance is determined separately according to the number of years. After participating in the one-child insurance, it provides financial security for the healthy growth of the children. During the insurance period, if the insured dies or is disabled due to accident or illness, the insurer will pay all or part of the insurance money according to the regulations.

Conditions for receiving insurance for both children (1) The insured can receive the full amount of insurance benefits at the end of his or her existence; (2) During the insurance period, if the insured dies due to illness or accident, the head of the family can receive the full amount of the insurance money; (3) During the insurance period, if the insured is disabled due to an accident, the insurer may pay all or part of the insurance benefits according to the degree of disability according to the relevant certificates; (4) After the insured receives the full or half insurance premium due to disability, the insurance continues to be valid and the unexpired insurance premium is fully or partially exempted from the next month, and if the death or survival is not caused by the same cause in the future, the full amount of the insurance premium can also be received (5) All the insurance money obtained at the expiration of the period can be converted into the pension of the parents, and when the parents reach the age of 55 or 60, they can receive the pension according to the regulations from the next month until they are for life. If the parents enjoy old-age security, they can also use the expiration insurance money for another purpose, such as for children's education or marriage**.

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It means that within the contract period, or when the contract period expires but the person is within the scope of insurance, a certain amount of insurance compensation will still be given in this case.

It should mean that the insured dies during the effective period of the contract, and the corresponding insurance fee should be paid according to the contract.

Endowment insurance refers to life insurance in which the insured dies or survives at the expiration of the insurance period, and the insurer pays the insurance key to the insurance policy. When the insured dies within the specified period of the insurance contract or is still alive and good at the expiration of the contract, the insurer will pay the insurance money in accordance with the contract. Both insurance is extremely savable, and its net premium is made up of hazard premiums and savings premiums.

The hazard premium is used for the death benefit during the insurance period; Savings premiums are accumulated year by year to form a liability reserve, which can be used to pay the surrender benefit when the policy is surrendered in the middle of the policy, and can also be used for survival benefits. There is both death and survival protection, so that both the beneficiary is protected and the insured himself enjoys the benefits.

Extended reading: [Insurance] How to buy, which one is better, teach you to avoid these insurance"pits"

1. What does it mean to have both insurance?

Both insurance is also known as "life and death insurance", which not only protects life but also life. This means that if the insured dies during the insurance period, the insurance company will pay the death benefit, but if the insured is still in a state of survival after the expiration of the insurance period (which can be a certain age or the end date of a certain agreed period), then the insurance company will pay the survival insurance benefit according to the insurance contract promised.

2. What kind of people are suitable for both insurance?

1.People with a high income and stability

As mentioned above, a comprehensive insurance is not cheap, and if you want to have a high amount of insurance, the premium is even more expensive!

Therefore, it is more suitable for those who have a high income and a stable income to buy, so that it will not cause excessive pressure on the policyholder to pay the premium, so as to avoid the situation of being unable to pay the premium and surrendering the policy halfway.

At the same time, both insurance can not only provide protection for everyone, but also have the function of compulsory savings, which can not only provide sufficient protection for the career rise and wealth accumulation stage, but also help us alleviate our worries and reasonably plan our future life and pension.

Do you want to know what kind of people are still suitable for both? Click below to view:

2.People who are the breadwinners of the family

Many young and middle-aged people are the most important economic leader of the family, and if one person falls, the whole family suffers, and even normal daily expenses cannot be guaranteed.

Therefore, in order to reduce the economic loss caused by the accidental death of the breadwinner of the family, the insurance is more suitable for this kind of people, at least to protect the daily living expenses of the whole family.

Summary: Mutual insurance means that if the insured dies during the insurance period, the insurance company will pay the death insurance benefit, but if the insured is still in a state of survival after the expiration of the insurance period, then the insurance company will pay the survival insurance benefit according to the insurance contract promised.

Moreover, the insurance is more suitable for people with high income, stability and family breadwinner.