What exactly is insurance? What did it do

What is insurance? The role of insurance.

The purpose of insurance: to protect against the uncertainty of the future and avoid becoming poor due to unexpected illness and old age. Insurance is not used to change lives, but to prevent lives from being changed, and it is a risk-defensive product.

The role of insurance.

Mitigate risk. Financing.

Social management.

Summary. Hello, the role of insurance is to transfer risk: to buy insurance is to transfer your own risk, providing insurance protection for many people who have risk concerns. And the institution that accepts the risk is the insurance company.

Hello, the role of insurance is to transfer risks: Buying insurance is to transfer the risk of self-socks and self-care, and provide insurance protection for many people who are worried about danger. And the institution that accepts the risk is the insurance company.

Hello, insurance is divided into buying insurance is to give yourself a guarantee, there is domestic insurance, as well as commercial insurance.

Hello, it is generally more necessary to buy domestic insurance than necessary.

If the economic conditions are good, you can buy commercial insurance.

Thank you. 1. Guarantee the middle function: The most basic function of insurance is the function of protection.

To a certain extent, insurance can share the loss of accidents and bear certain compensation costs; 2. Investment function: The emergence of investment-type insurance in insurance combines insurance with investment and financial management functions, making the function of insurance more diversified; 3. Savings and burial function: The emergence of pension insurance in insurance combines insurance with savings and financial management functions, so that the insured can obtain a certain amount of protection while also receiving their own insurance money after expiration; 4. Tax-saving function:

Buying high-value insurance has become one of the ways that some families use to avoid inheritance tax. These are the four major functions of insurance.

This is a function of commercial insurance.

The meaning of buying insurance is to transfer the risks around us, life is very fragile, and insurance is to reduce losses. The function of insurance can protect against illness, accidents, medical and pension risks. The significance and function of insurance can be seen from the following points:

1. It can reliably guarantee the life of the elderly.

Paying insurance premiums is like accumulating alimony for yourself, and you can receive a pension according to the provisions of the insurance contract for a certain period of time to ensure that you have no worries in your later years.

2. Strong protection in case of illness and disability.

Life insurance can supplement the deficiency of social security, reimburse the part that cannot be insured by social security, provide economic security for the insured when he is sick and disabled, and can be effectively disabled in the event of an accident, so as to avoid the phenomenon that the quality of life of the whole family is not guaranteed or the family returns to poverty.

3. It has the function of saving and taking precautions.

Saving is both a means of preparation and a means of accumulation, which plays a role in preparing for a rainy day. For those who meet the conditions, the insurance company will refund the premiums paid on a pro-rata basis.

4. The function of economic compensation is the basic function, which is the most obvious feature that distinguishes insurance from other industries.

The main role of insurance is to provide necessary protection, risk planning, rational allocation of funds, and leverage.

1. Provide necessary protection: insurance can provide 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 to plan their lives and transfer possible risks in advance;

3. Reasonable allocation of funds: insurance has a certain investment nature, and can be passed on by designating beneficiaries, which is a tool for allocating funds;

4. Leverage: Insurance can exchange a relatively small premium for a higher sum insured, which is leveraged and can enable the insured to obtain better protection.

I believe many people know that insurance can avoid risks, but in fact, in addition to risk aversion, the advantages of insurance are also to help us compensate for losses and manage wealth.

If you want to know more about the role of various types of insurance, you can read this article directly: What is the difference between critical illness insurance, medical insurance, accident insurance, and life insurance? What is the function.

If a person is unfortunately diagnosed with a serious illness, in the first and second tier cities, the cost of all aspects will be relatively high, about two or three hundred thousand. If the million medical insurance has been configured before this, after being reimbursed by social security, the remaining ** fee can be reimbursed with the million medical insurance.

If you pay a premium of a few hundred yuan a year, you can have millions of insurance amounts, which relieves us of a lot of pressure, and we don't have to worry about huge medical expenses when we are seriously ill. It's like a "life-saving danger" that pulls us at a critical moment. In addition to the high leverage mentioned above, some million-dollar medical insurance plans also come with practical value-added services, such as:

Medical advances, green medical treatment, purchased drugs, etc. If you don't know how to choose a good product, don't hurry up and take a look at this article: The top ten million medical insurance rankings are newly released!

With medical insurance, most of the medical expenses can be reimbursed, but for many patients, it is impossible to work normally during the ** period, so the loss of income due to illness can be compensated by purchasing critical illness insurance. If we accidentally suffer from a critical illness, the insurance company will give the insured a sum of money according to the amount agreed in the contract, and this amount of compensation can maintain our normal life.

In addition to being able to compensate for certain financial losses, insurance can also help us manage our finances. In the context of the prevalence of consumerism, it is not easy to save a certain amount of money from your hands, and if you want to save a good amount of money, you can use an annuity insurance with a mandatory savings function.

From another point of view, the interest rate has been continuously lowered by the bank over the years, and the deposit will likely be lost. If you want to know which annuity insurance is worth buying, take a look at this information compiled by the senior sister for you: Want to buy high-yield annuity insurance?

Don't miss out on these 10 again!

The idea that providing a cover is something that insurance can do, is true but not comprehensive. Being able to transfer risk to the insurance company is one of the functions, insurance can also help reduce our losses, make us more comfortable to work and live, and do not let us worry too much about future risks that will lead to the whole family falling into poverty overnight.

Because of the forced savings, it also allows us to actively save a sum of money every year, which can be used for our children's education or our own pension in the future.