What insurance can be enjoyed by both the policyholder and the insured

The policyholder, the insured and the beneficiary cannot be the same person. The policyholder and the insured person can be the same person, and the policyholder and beneficiary can be the same person, but the insured and the beneficiary cannot be the same person.

1. Policyholder: refers to the person who has signed an insurance contract with the insurer and has the obligation to pay insurance premiums in accordance with the insurance contract, and the policyholder can be a natural person or a legal person;

2. Insured: refers to the property interests or personal protection of the insured according to the insurance contract;

3. Beneficiary: the person designated by the policyholder or the insured who has the right to claim insurance money;

4. The policyholder and the insured can be the same person, which is equivalent to insuring themselves for themselves, and relatives can be designated as beneficiaries.

To put it simply, the policyholder is the one who pays the money and pays the premium. is the owner of the policy and has the right to surrender and change the beneficiary. Both natural and legal persons can act as policyholders.

The insured person is the person who is protected, that is, the person who is covered by the contract. The health or life of the insured person is related to the existence of the contract. They have their property, life or body as the subject matter of insurance, and they have the right to claim insurance money after the occurrence of an insured event.

The insured person can be the same person as the policyholder. The insured can only be a living natural person.

What does it mean to be insured and insured.

The policyholder is a 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 insured person is a person covered by the insurance contract. If you need two people to enjoy coverage at the same time, you can consider accepting a plan for dual insureds. However, insurance with a premium waiver can also be understood as being available to both the policyholder and the insured.

Premium waiver means that if the policyholder and the insured reach the status of mild, moderate, serious illness, total disability and death as agreed in the contract, the subsequent premiums payable by the policyholder can be waived. However, the premium waiver can only allow the policyholder to save a part of the premium and reduce the financial burden of the policyholder in terms of premium, and the insured is the real protected person. Regarding the two concepts of policyholder and insured, you can take a look at this article to learn more about:

What is the difference between a policyholder and an insured? One article tells you the details!

Premium waiver is a benefit that is covered or optional by many insurance products. In this case, if an adult applies for critical illness insurance for his child and chooses the policyholder waiver, then when the policyholder reaches the exemption status agreed in the contract, he does not have to worry about the child's policy rights and interests being affected due to his misfortune and inability to continue to pay the premium. On the other hand, if the husband and wife are each other's policyholders, and the insured waiver and policyholder waiver are selected at the same time, the premiums of both policies can be waived when one of the parties reaches the waiver status agreed in the contract.

However, the senior sister still wants to remind everyone that we still pay more attention to the protection of the insured when applying for insurance, after all, we buy insurance mainly for the insured to have adequate protection. Most of us need to take out critical illness insurance, million medical insurance, and accident insurance, and my sister took critical illness insurance as an example. When we apply for critical illness insurance, we should first pay attention to whether the product covers the mild to moderate illness coverage corresponding to high-incidence critical illnesses, and whether the corresponding proportion of mild to moderate illness protection reaches at least 30% and 60% of the basic sum assured.

A good critical illness insurance policy looks like this! You've been lied to for so many years.

According to the Insurance Law of the People's Republic of China, an insured person refers to a 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 insured person can be a natural person or a legal person.

The insured is also called"Policyholders"is a person covered by the insurance contract, who has the right to claim compensation for losses or insurance benefits from the insurer in accordance with the insurance contract at the time of the occurrence of the insured event or the expiration of the insurance period. The insured can be either a legal person or a natural person. In property insurance, the insured is usually the policyholder; In life insurance, if the policyholder insures himself/herself, the policyholder is the insured, and if the policyholder insures someone else, the other person is the insured.

What are the differences between policyholders and insureds?

The policyholder refers to the person who has entered into an insurance contract with the insurer and has the obligation to pay the insurance premium in accordance with the contract; The insured refers to the person whose property or person is protected by the insurance contract and has the right to claim the insurance money. The policyholder can be the insured.

Conditions for policyholders:

1. Have the corresponding rights and capacity.

2. The policyholder has an insurance interest in the subject matter of the insurance.

3. The policyholder fulfills the obligation to pay the insurance premium.

Conditions for the Insured:

1. Its property or life is protected by the insurance contract.

2. Have the right to claim compensation. In order to protect the interests of the insured, the Insurance Law clearly stipulates:

1) If the policyholder is not the insured, the policyholder's designation or change of beneficiary must be approved by the insured.

2) In the case of an insurance contract with death as the condition for the payment of insurance benefits, the policyholder must obtain the consent of the insured on the type and amount of insurance, and the transfer and pledge of the insurance contract must also be agreed by the insured, otherwise the insurance contract is invalid, and the assignment and pledge of the contract are also invalid. However, if the parents take out insurance for their minor children, this restriction is not applicable, but the total amount of death benefit insurance shall not exceed the limit prescribed by the financial regulatory authority.

Article 53 of China's current Insurance Law stipulates that the policyholder has an insurance interest in the following persons: (1) himself/herself;(2) Spouse, children, parents;(3) Other family members and close relatives who have a relationship of support, support or support with the insured other than those mentioned in the preceding paragraph.

In addition to the provisions of the preceding paragraph, if the insured agrees that the policyholder concludes a contract for him, the policyholder shall be deemed to have an insurance interest in the insured. From the textual point of view, the above legal provisions can be interpreted in two ways. One understanding is that the insurance law adopts a combination of interestism and consent, and that the principle of interestism applies between the policyholder and the insured who belong to the relationship listed in the first paragraph;The principle of consent applies to subjects other than those listed in the first paragraph, that is, regardless of whether there is any other interest relationship between the policyholder and the insured, as long as the insured agrees, the policyholder is deemed to have an insurance interest in the insured.

Another understanding is that the consent of the insured in the second paragraph is based on the existence of a substantial interest relationship between the policyholder and the insured, that is, only when there is an interest relationship between the policyholder and the insured and with the consent of the insured, the policyholder is considered to have an insurance interest in the insured. In addition to the relationships listed in the first paragraph, the interest relationship between the policyholder and the insured also includes the interest relationship arising from other legal relationships, such as creditor's rights and debts, partnerships, labor relations, and employment relationships.

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

The difference between the policyholder and the insured is that the policyholder is the one who pays for the insurance, while the insured is the one who is covered by the insurance product. If you pay for your own insurance, then you are the policyholder and the insured. The insured person is the person who is covered by the insurance, that is, according to the insurance contract, his property interests or personal life are protected by the insurance contract, and after the occurrence of the insured event, he or she has the right to claim the insurance money.

There is only one insured, and only when the insured is out of insurance, can he apply to the insurer to receive the insurance money.

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