What are the types of insurance, and what are the types of insurance

Types of Insurance: Life Insurance, Property Insurance, Liability Insurance, Credit Guarantee Insurance, Fire Insurance, Marine Insurance, Cargo Transportation Insurance, Transportation Insurance, Engineering Insurance, Loss Insurance, Theft Insurance, Agricultural Insurance, Liability Insurance, Public Liability Insurance, Employer's Liability Insurance, Product Liability Insurance, Professional Liability Insurance, Credit Insurance, Guarantee Insurance, Term Death Insurance, Whole Life Death Insurance, Endowment Insurance, Annuity Insurance, Life Insurance, Sickness Insurance, Participating Insurance, Investment-Linked Insurance.

Generally, it is divided into medical insurance, critical illness insurance, life insurance, and accident insurance. Critical illness insurance refers to illness insurance that is conditional on the payment of insurance benefits for specific critical illnesses. Features of Accident Insurance:

Payment of insurance benefitsWhen an insured event occurs, the death insurance benefit shall be paid according to the agreed insurance amount. Purpose of health insurance: Health insurance adjusts income differentials by levying medical insurance premiums and reimbursing medical insurance service fees.

Extended information: The types of insurance in China are naturally divided into social insurance and commercial insurance. Social insurance, including endowment insurance, medical insurance, unemployment insurance, work-related injury insurance, and maternity insurance.

Commercial insurance, China's classification method is divided into property insurance and life insurance. Among them, property insurance is divided into three types of insurance: property loss insurance, liability insurance, and credit guarantee insurance. Property insurance refers to the insurance in which the policyholder pays the insurance premium to the insurer in accordance with the contract, and the insurer bears the liability for the loss caused by natural disasters or accidents by the insured property and its related interests in accordance with the insurance contract.

Insurable property, including property in material and non-material form and related interests. Property in material form and its related interests are the subject matter of insurance, which is usually called property damage insurance. For example, aircraft, satellites, power plants, large-scale projects, automobiles, ships, plants, equipment, and home contents insurance.

Where immaterial property and its related interests are used as the subject matter of insurance, it usually refers to various liability insurance, credit insurance, etc. For example, public liability, product liability, employer liability, professional liability, export credit insurance, investment risk insurance, etc. However, not all property and its associated interests can be the subject of property insurance.

Only property and its related interests that meet the requirements of the property insurance contract according to the law can become the subject of property insurance.

The principle of loss compensation is the core principle of property insurance. It refers to the fact that in property insurance, when an insured event occurs and causes economic loss to the insured, the insurance company gives the insured compensation for the economic loss so that it can be restored to the economic situation before the insured accident. The principle of compensation for losses has two meanings:

The first is "there is a loss, there is compensation", and the second is "how much is lost, how much is compensated". Adhering to the principle of loss compensation can protect the interests of the insured on the one hand, and prevent the insured from obtaining additional benefits through compensation on the other hand, so as to avoid the occurrence of moral hazard. When implementing the principle of loss compensation, it should be noted that the amount of compensation of the insurance company is limited to the actual loss, the insured amount, and the insurance interest, and the lower of the three.

Insurance can be divided into social insurance and commercial insurance; Commercial insurance can be divided into multiple types of insurance, including property insurance, life insurance, liability insurance, credit insurance, allowance insurance, marine insurance, etc.; The above types of insurance can also be classified, such as life insurance, health insurance, personal accident insurance, etc.

Extended information: Insurance is the basic means of risk management (under the conditions of market economy), an important pillar of the financial system and social security system, and also an act of paying insurance money to the insured when the conditions of the contract are met (when the contract agrees that the accident may occur due to the property loss caused by its occurrence, or when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract).

Insurance, economically, is a financial arrangement for apportioning accident losses, legally it is a contractual act in which one party agrees to compensate the other party's losses, socially it is an integral part of the social and economic security system, and risk management is the basic method.

Function. 1. There must be risks in insurance. The purpose of establishing an insurance system is to deal with the occurrence of specific dangerous accidents, and there is no insurance if there is no risk. In order to apply the principle of large numbers, the risks that may benefit are not insurable, so commercial insurance institutions generally do not cover such risks.

2. Insurance must provide financial compensation for losses caused by dangerous accidents. The so-called economic compensation means that this compensation is not to restore the destroyed original thing, nor to compensate in kind, but to make monetary compensation.

Therefore, the loss caused by the accident must be economically valuable. In life insurance, the value of the person itself cannot be calculated, but the labor of the person can create value, and the death and disability of the person will lead to the loss of the labor force, so that the income of the individual or his family will decrease and the expenses will increase, so the life insurance is to make up for the increased economic burden with economic compensation or payment, and it is not to ensure that people recover the lost labor force or life.

3. Insurance must have a mutual aid relationship. The insurance system is a method of spreading losses among many units to reduce the losses of disaster-stricken units. Through insurance, the policyholder pays the insurance premium together, establishes the insurance compensation**, and obtains the protection together.

4. The contribution of the insurance must be reasonable. The compensation of the insurance** is shared by the person participating in the insurance, and in order to make the burden fair and reasonable for everyone, it is necessary to calculate the contribution scientifically.

There seem to be many types of insurance, but insurance is mainly divided into two categories according to the different subject matter of insurance, namely life insurance and property insurance.

Life insurance is divided into life insurance, health insurance, and pension insurance, and this type of insurance mainly protects people's life and body. If people suffer an unfortunate accident or are incapacitated due to illness or old age, disability, death or retirement, the consumer can request the insurance company to pay insurance money or annuity according to the provisions of the life insurance contract to solve the economic difficulties caused by illness, disability, old age or death.

Property insurance can be subdivided into liability insurance, agricultural insurance, credit insurance, etc. Property insurance in a broad sense refers to all types of insurance except personal insurance. It is a type of indemnity insurance that takes tangible or intangible property and its related interests as the subject matter of insurance.

There are various types of insurance, including those that can protect life, health, property, credit, etc., and the policyholder and the insured can choose the right type of insurance according to their actual needs and premium budget. Insurance can be divided into social insurance and commercial insurance; Commercial insurance can be divided into multiple types of insurance, including property insurance, life insurance, liability insurance, credit insurance, allowance insurance, marine insurance, etc.; The above types of insurance can also be classified, such as life insurance, health insurance, personal accident insurance, etc.

The types of insurance are as follows:

1. Social insurance is social insurance, which is generally paid by the unit.

2. Commercial insurance is generally purchased by oneself, in which property insurance is based on the property of the insured as the subject of insurance, and the principle of loss compensation is the core principle of property insurance.

3. Life insurance is based on the insured's physical health, human life, and body itself, and life insurance includes health insurance and personal accident insurance in addition to life insurance. Among them, life insurance can be further subdivided. For example, health insurance mainly includes medical insurance, sickness insurance, loss of disability income insurance, nursing care insurance and medical accident insurance.

4. Life insurance also includes survival insurance, death insurance, and both-life insurance. Insurance is divided into two categories: social insurance and commercial insurance. Among them, social insurance includes endowment insurance, medical insurance, unemployment insurance, work-related injury insurance and maternity insurance.

Commercial insurance is divided into property insurance and life insurance, of which property insurance is divided into three categories: property loss insurance, liability insurance, and credit guarantee insurance.

Extended information] China's social insurance is mainly divided into employee social security and urban and rural social security, employee social security is divided into endowment insurance, medical insurance, unemployment insurance, work-related injury insurance and maternity insurance, and urban and rural social security is divided into endowment insurance and medical insurance.

1. Endowment insurance: If you have paid for more than 15 years and reached the statutory retirement age, you can receive endowment insurance.

2. Medical insurance: used to reimburse outpatient medical expenses, inpatient medical expenses and other medical expenses in line with medical insurance regulations.

3. Unemployment insurance: provide unemployment insurance benefits for eligible unemployed and insured workers.

4. Work-related injury insurance: provide economic compensation for insured employees who suffer accidental injuries at work, or suffer from occupational diseases that cause temporary or permanent loss of working ability and death.

5. Maternity insurance: provide maternity allowance and maternity medical treatment for insured employees who temporarily interrupt their labor due to the birth of children.

Types of Insurance: Life Insurance, Property Insurance, Liability Insurance, Credit Guarantee Insurance, Fire Insurance, Marine Insurance, Cargo Transportation Insurance, Transportation Insurance, Engineering Insurance, Loss Insurance, Theft Insurance, Agricultural Insurance, Liability Insurance, Public Liability Insurance, Employer's Liability Insurance, Product Liability Insurance, Professional Liability Insurance, Credit Insurance, Guarantee Insurance, Term Death Insurance, Whole Life Death Insurance, Endowment Insurance, Annuity Insurance, Life Insurance, Sickness Insurance, Participating Insurance, Investment-Linked Insurance.

There are four types of insurance: medical insurance, critical illness insurance, life insurance, and accident insurance.

1. Medical insurance: It is divided into inpatient medical insurance and outpatient medical insurance.

2. Critical illness insurance: Critical illness insurance, which provides protection for major diseases such as malignant tumors.

3. Life insurance: only death liability, high leverage.

4. Accident insurance: Accident insurance has high leverage, provides disability protection, no waiting period, and no health notice.