What is the meaning of the insurance amount, insurance rate, insurance premium, and insurance period

First, the insured amount refers to the maximum amount of liability that the insurance company bears for compensation or payment of insurance money.

Second, the insurance rate: The proportion of the premium that the insurance company collects from the policyholder according to the insured amount is usually expressed as " " or "%". At the same time, it is also used to calculate the basis of premiums.

Thirdly, the insurance premium refers to the protection enjoyed by the insured person, which corresponds to the cost that needs to be paid to the insurance company.

Fourth, the insurance period refers to the specific length of time that the insured enjoys the protection under the insurance contract.

Let's explain the terms insurance amount, insurance rate, insurance premium and insurance period respectively.

The insured amount is referred to as the insured amount, which refers to the maximum amount of compensation or insurance money that the insurance company bears under an insurance contract, which can be understood as the maximum amount of compensation paid by the insurance company according to the contract.

In short, it's the biggest guarantee we can get. However, it is important to note that the sum insured is not necessarily equal to the insurance premium.

Some insurance clauses have the same sum insured as the basic sum insured, while others are different, and some terms have the sum insured in units of the basic sum insured.

If you don't know how much you should buy the basic sum insured, you may wish to take a look at this article: How much is the right amount of insurance to buy? Let's talk about the doorway inside.

The insurance rate is the proportion of the insurance premium charged by the insurer to the policyholder or the insured according to the insured amount. According to the actuarial principle, the insurance company determines the product rate that determines our purchase of this product. There are two main types of insurance rates:

Natural rates, such as one-year critical illness insurance and medical insurance, only focus on one-year risk, and generally use natural rate pricing, and the premium will increase with age.

Balanced rates, such as long-term life insurance and critical illness insurance, can be insured until the age of 70, 80 or for life, generally using the balanced rate, the insurance company will pay the total premium we have to pay evenly in each year, so the annual premium is the same.

The insurance premium is the fee paid by the policyholder to the insurer in accordance with the insurance contract in order to obtain insurance protection. It is related to these factors: the amount of insurance, the insurance rate and the duration of the insurance, so the amount of the insurance premium is directly proportional to the size of the insurance amount, the level of the insurance rate and the length of the insurance period.

In other words, the larger the insurance amount, the higher the insurance rate, and the longer the insurance period, the more insurance premiums we have to pay.

The contract stipulates that it is the obligation of the policyholder to pay the insurance premium. What happens to our policy if we forget to pay the premium? Click on the link below, and the senior sister will tell you!

If I forget to pay the premium, will the policy status lapse?

The duration of the insurance, also known as the "insurance period", is the period of coverage provided by the insurance policy. That is, the time from the beginning to the end of the insurance liability.

For example, if we buy a product with a coverage period of 20 years, then the insured person will be able to enjoy the insurance company's coverage for the next 20 years from the date of signing the contract until the contract is terminated.

As long as the policyholder pays the insurance premium according to the regulations, and the insured is insured within the insurance period, as long as the contract claims are met, the insurance company will pay the insurance money according to the contract.

Go directly, and I know that the insurance rate is the standard for the insurer to charge the policyholder the insurance premium according to the amount insured by the unit. The insurer underwrites an insurance business, and multiplies the insured amount by the insurance rate to obtain the insurance premium to be charged for the business. The influencing factors for calculating insurance premiums are the insurance amount, insurance rate and insurance period, and the above three factors are directly proportional to the insurance premium, that is, the larger the insurance amount, the higher the insurance rate, or the longer the insurance period, the more insurance premiums should be paid.

A change in any one of these factors will cause an increase or decrease in insurance premiums. The unit of insurance amount is generally 1,000 yuan or 100 yuan, so the insurance rate is usually expressed in thousands or percentages.

I'm done.

The current premium and the sum insured mean as follows:1The sum insured is referred to as the sum insured.

It refers to the basic sum insured.

On the basis of the amount of benefits agreed in the insurance contract, the amount of compensation at the time of insurance; 2.The current premium refers to the insurance premium that needs to be paid in each installment after the installment, and the cost paid to the insurer by the policyholder for the delay in obtaining insurance protection in kind is the condition for the insurer to take effect according to the contract, and the insurance premium to be paid by the policyholder in the agreed manner is the condition for the insurance contract to take effect. And the amount of the premium is often based on the insurance rate.

The insurance rate is determined by the insurance company according to the loss ratio of different types of goods in a certain period of time, according to different risks and destinations.

Test your anti-risk index, experts will interpret it for you for free!

What is the insurance rate and what does it have to do with insurance?

The insurance rate, or rate for short, is the rate at which each unit of insurance is payable. Generally speaking, the amount of insurance premium paid by the policyholder is the product of the insured amount and the insurance rate, that is: the insured amount Insurance rate = insurance premium.

The insurance company will pay a percentage of the goods you cover and the premiums you pay. What kind of insurance do you buy here, I can do transportation insurance here!

For example, if you need to pay 200 yuan for a serious illness insurance of 10,000 yuan, the insurance rate will be 2%.

Yes, the higher the rate, the higher the insurance premium payable, the premium is the cost paid by the policyholder to transfer the risk and obtain the compensation (or payment) liability borne by the insurer within the agreed liability range; It is also the fee charged by the insurer to the policyholder to bear the agreed insurance liability. Insurance premiums are the main source of insurance and the economic basis for insurers to fulfill their obligations. The insurance rate is the ratio of the premium payable to the insured amount.

Rate = Insurance premium (amount insured).

Yes, the higher the rate, the higher the premium payable, the premium is the cost paid by the policyholder to transfer the risk delay key and obtain the compensation (or payment) liability borne by the insurer within the agreed liability range; It is also the fee charged by the insurer to the policyholder to bear the agreed insurance liability. The insurance premium is the main one for the establishment of the insurance premium, and it is also the economic basis for the insurer to fulfill its obligations. The insurance rate is the ratio of the premium payable to the insured amount.

Rate = Insurance Premium, Insured Amount).

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

1. The insurance rate is the proportion of the insurance premium charged by the insurer to the policyholder or the insured according to the insured amount, which is usually expressed by " " or "the first % of the hold". It is the basis for calculating insurance premiums. The insurance rate consists of two parts: the net rate and the surcharge.

2. The net rate is also known as the "net rate", and Sun Shu is the main part of the insurance rate, and the insurance cost calculated according to this is to make up for the property loss and pay the insurance money. The calculation of the net rate of property insurance is based on the loss rate of the insured amount, that is, the ratio of the amount of compensation to the insured amount in a certain period; The net rate of life insurance is calculated based on factors such as the survival rate, mortality rate, and the rate of capital returns.

1. Insurance rates.

It refers to the proportion of insurance premiums charged by insurance companies according to the amount of money insured by the policyholder or the insured, and the general insurance rate is expressed by "" or "%".

2. The insurance rate is composed of two parts: the pure rate and the additional rate, and the policyholder can usually calculate the insurance premium according to the insurance rate.

The insured amount refers to the maximum amount of the insurance company's liability for compensation or payment of insurance money under an insurance contract, and is also the basis for calculating the insurance premium charged by the insurance company. (To put it simply: an amount that measures the amount of money paid out when a claim is settled).

The full name of the premium refers to the fee paid to the insurer by the insured when he or she participates in the insurance according to the insurance rate set at the time of insurance. The insurer is required to pay insurance benefits when all or part of the insured property is damaged by disasters and accidents, or when personal accidents occur in life insurance. The premium is made up of the amount insured, the premium rate, and the duration of the insurance.

The number of insurance premiums is directly proportional to the size of the insurance amount, the level of the insurance rate and the length of the insurance period, that is, the larger the insurance amount, the higher the insurance rate, and the longer the insurance period, the more insurance premiums. It is the obligation of the policyholder to pay the insurance premium. If the insured does not pay the insurance premium on time, the insurance contract will be invalid in the case of voluntary insurance; In the compulsory insurance, a certain amount of late fees must be attached.

Simply understand: the premium is the cost of buying insurance, and its amount has a certain relationship with the amount of insurance and the insurance period).

1. What is the difference between the insured amount and the insured amount?

Conceptually, there is a clear difference between the basic sum insured and the insured amount, the basic sum insured is agreed by the policyholder and the insurance company at the time of application, but it must comply with the insurance company's insurance regulations at that time, and the agreed insurance amount will be stated in the insurance policy. The insured amount refers to the maximum amount of the insurance company's liability to compensate or pay insurance money under an insurance contract, that is, the actual insured amount of the insured person for the insurance object. In other words, the minimum amount of insurance that the insured can actually receive in the later stage cannot be less than the basic sum insured.

In the terms of some insurance contracts, the difference between the basic sum insured and the insured amount is not obvious, for example, in the insurance clauses of personal accident insurance, the basic sum insured is often the same as the insured amount, but in the terms and conditions of some insurance contracts, the insured amount is often calculated in units of the basic insurance amount, for example, in some participating insurance products, the insured amount is often calculated based on the basic sum assured, and the insurance amount obtained by the insured in the later period is often greater than the basic sum insured.

2. The insured value and the insured amount.

Article 9 The insured value shall be determined according to the price of the goods or the price of the goods, plus miscellaneous expenses. The amount of insurance is determined by the insured value, and can also be determined by negotiation between the insurer and the insurer.

Summary. Hello, the relationship between the insured amount and the insurance rate is that the insurance premium is composed of the insured amount, the insurance rate and the insurance period. The amount of insurance premium is directly proportional to the size of the insurance amount, the level of the insurance rate and the length of the insurance period, that is, the larger the insurance amount, the higher the insurance rate, and the longer the insurance period, the more the insurance premium.

Hello, the relationship between the amount of insurance and the insurance rate is that the insurance premium is sold by the insurance amount, the insurance rate and the insurance period. The amount of insurance premium is proportional to the size of the insurance amount, the level of the insurance rate and the difference between the length of the insurance period, that is, the larger the insurance amount, the higher the insurance rate, and the longer the insurance period, the more the insurance premium.

Hello, the two people (1) have different concepts The amount of insurance refers to the maximum limit of the insurance company's liability for compensation or payment of insurance money under an insurance contract, that is, the actual amount insured by the policyholder for the subject matter of insurance, and at the same time it is the basis for the calculation of insurance premiums charged by the insurance company. The basic insurance amount is the amount clearly marked on the policy, the insurance amount is the insurance payout amount that can be obtained, the basic insurance amount of some insurance clauses is the same as the insured amount, and the insured amount of some clauses is calculated in units of the basic insurance amount. (2) The basic insurance amount is stipulated when the policyholder signs the contract with the insurance company at the beginning, and the insurance company will take the basic insurance amount as the basis for calculation, and multiply it by several times or percent on this basis, so as to calculate the amount of the claim, as for the calculation process or calculation method, it is mastered by professional staff, so the insurance amount is the final result of the insurance company's staff.

The basic insurance amount is predetermined from the beginning and does not need to be calculated. Because the basic insurance amount is closely related to the insurance company's insurance amount when making a claim, the higher the basic insurance amount that the policyholder chooses when applying for insurance, the higher the amount of money that will be paid without compensation. (3) The amount of the claim is different.