What does it mean to enter the purpose of insurance

The significance of insurance is mainly to provide the necessary protection, risk planning, rational allocation of funds, and leverage.

1. Provide necessary protection, insurance provides protection for common accident, health, death and other risk factors, which can reduce risk losses and effectively resist risks.

2. Carry out risk planning, individuals or families can use insurance tools for life planning.

Transfer possible risks in advance.

3. Reasonable allocation of funds, insurance has a certain degree of investment, and can be carried out by designating beneficiaries for wealth inheritance, which is a tool for allocating funds.

4. With leverage, insurance can exchange relatively small premiums for higher insurance amounts.

With leverage, it can enable the insured to obtain better protection.

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In fact, the significance of insurance lies in the fact that when risks such as illness and accident come, the insurance company will pay the corresponding amount or reimburse the corresponding medical expenses if the corresponding claim standards are met, which alleviates a lot of family financial pressure to a certain extent.

When we buy insurance, we need to follow the principle of "protection first and then financial management", that is, buy protection insurance first, and then consider buying wealth management insurance if you have a budget.

Next, I will talk about protection insurance, in fact, it usually refers to critical illness insurance, medical insurance, accident insurance and life insurance, among which critical illness insurance and medical insurance can be used to solve the medical expenses of the disease, but critical illness insurance is a payment insurance, that is, a sum of money will be paid directly if the conditions are met, and medical insurance is a reimbursement insurance, which can reimburse reasonable and necessary medical expenses.

Critical illness insurance and medical insurance are actually health insurance, and when choosing, you need to pay attention to these things: Is it necessary to buy health insurance? Be sure to pay attention to these routines!

Accident insurance usually covers accidental medical treatment, accidental death or dismemberment, and can transfer the financial loss caused by the accident. Life insurance, on the other hand, usually covers death or total disability, and is more suitable for the purchase of the breadwinner of the family. If you don't know which life insurance to choose, you might as well take a look at this list:

Top 10 Life Insurance Worth Buying!

Insurance can help us financially when risks such as illness or accidental injury come down, if eligible. That's what insurance is all about.

In this way, we can also see that it is very necessary to take out protection insurance!

Insurance is a financial tool, it is not born to make money, but to help us pass on risks, such as family losses caused by accidents, diseases, etc. For ordinary people, insurance is the most cost-effective leverage tool to pass on risks, and in order to prevent poverty due to illness, we need insurance to protect them.

The meaning of insurance is protection, the embodiment of the value of our lives, the transfer of risks, and the preparation of our future pensions, which is also a reflection of responsibility.

Stay safe and have nothing to do to help those in need.

Insurance is a kind of guarantee for the future life of users, an important component of the financial market, and the mainstay of the construction of the social welfare system. There are many types of insurance, and customers can decide what insurance to buy according to their own needs to protect the legitimate rights and interests of individuals, so as to share the risk coefficient of future accidents and reduce the customer's own expenses.

Extended Materials. Insurance is a Chinese word, pinyin is bǎo xiǎn, English is insurance or insuraunce [1], the original meaning is safe and reliable protection; It is a tool used to plan life finances, a basic means of risk management under the conditions of market economy, and an important pillar of the financial system and social security system.

Insurance refers to the commercial insurance behavior in which the insured pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility for compensating for the property damage caused by the occurrence of the accident that may occur as agreed in the contract, or the insured bears the responsibility of paying the insurance money when the insured dies, is disabled, sick, or reaches the age and time limit agreed in the contract.

From an economic point of view, insurance is a financial arrangement for apportioning the loss of an accident; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses; 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. From a risk management perspective, insurance is a method of risk management.

Principle of reparation. The function of economic compensation is the foundation of insurance, which can best reflect the characteristics and core competitiveness of the insurance industry.

It is embodied in two aspects:

Compensation for property insurance: Insurance is to compensate for the actual loss of a specific disaster within the validity period of the insurance and the scope of liability agreed in the insurance contract and the insured amount.

Through compensation, the actual loss of existing social wealth caused by disasters and accidents can be compensated in value and restored in use value, so that the process of social reproduction can be carried out continuously.

Such compensation includes not only compensation for the economic losses caused by natural disasters or accidents of the insured, but also economic compensation for the economic compensation liability of the insured to a third party in accordance with the law, and compensation for economic losses caused by breach of contract in commercial credit.

Payment of life insurance: The insured amount of life insurance is determined by the policyholder after consultation with the insured according to the insured's need for life insurance and the policyholder's ability to pay, as permitted by law.

1. Use funds other than to protect daily life to insure, and there is no need to purchase insurance with excessive costs;

2. The insured object gives priority to the main economic producer of the user's family;

3. When buying insurance, you should "shop around" to find out the most cost-effective and most suitable for users to dismantle themselves.

Characteristics of insurance.

1. Insurance is to gather the power of the public who have been insured to provide assistance to policyholders in difficulty;

2. The insurance company shall bear the obligation and responsibility for the things clearly marked in the signed contract;

3. The cost of the insurance office is responsible for the cost of the royal register, which is based on relevant scientific basis and common sense;

4. Insurance is an important part of the social economy, and it follows the principle of voluntary purchase.

The meaning of buying insurance is to transfer the risks around you, people may encounter risks at any time in their lives, accidents occur, once an accident occurs, it will cause huge losses, insurance is to reduce losses. The function of insurance can protect against the risks of illness, accident, medical treatment and pension. Different insurances have different functions, you can buy insurance that suits you according to your age, occupation, family structure, economic income and other actual conditions, which can not only afford the premium payment, but also appropriately transfer the relevant risks.

Tips: The above content is for reference only. If you need to buy insurance, you can also consider Ping An Insurance, Ping An Life: 95511-1, Ping An Auto Accident Insurance: 95511-5, Ping An Pension Group Insurance: 95511-6.

1. Use funds other than to protect daily life to insure, and there is no need to purchase insurance with excessive costs;

2. The insured object gives priority to the main economic producer of the user's family;

3. When buying insurance, you should "shop around" to find the most cost-effective and most suitable for the user.

Characteristics of insurance.

1. Insurance is to gather the power of the public who have been insured to provide assistance to policyholders in difficulty;

2. The insurance company shall bear the obligation and responsibility for the things clearly marked in the signed contract;

3. The expenses that the insurance is responsible for are based on relevant scientific basis and conform to common sense;

4. Insurance is an important part of the social economy, and it follows the principle of voluntary purchase.