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

Commercial insurance can be roughly divided into: property insurance, life insurance, liability insurance, credit insurance, allowance insurance, and marine insurance.

1. Property insurance refers to the insurance in which the policyholder pays the insurance premium to the insurer according to 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 according to the insurance contract.

2. Life insurance is a form of insurance in which the insurer pays insurance money to the insured or beneficiary in accordance with the provisions of the insurance contract when the insured life or body has an insured accident or the insurance period expires.

3. Liability insurance refers to the form of property insurance in which the insurer bears the liability for compensation when the insured shall be liable for civil liability to the third party in accordance with the law and is required to make a claim for compensation.

4. Credit insurance refers to the insurance method in which the insurer bears the liability for the economic losses suffered by the insured when the debtor refuses to perform the contract or fails to pay off the debts when the insured lends money or sells goods on credit.

5. Marine insurance is a business activity in which the insurer and the insured agree on the risks that may be encountered by ships, goods and other marine subjects through negotiation, and after the insured pays the agreed insurance premium, the insurer promises that once the above risks occur within the agreed time and cause losses to the insured, the insurer will give the insured economic compensation as agreed.

The types of insurance include social insurance and commercial insurance, and 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 types of insurance: property loss insurance, liability insurance, and credit guarantee insurance. According to the classification of insurance risks, personal accident insurance can be divided into ordinary accident insurance and specific accident insurance.

Social insurance refers to a social and economic system that provides income or compensation to a population that is incapacitated, temporarily unemployed, or lost due to health reasons. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, work-related injury insurance, and maternity insurance. The social insurance program is organized by **, forcing a certain group to form social insurance ** as a part of its income as a social insurance tax (fee), and under the condition of meeting certain conditions, the insured can receive a fixed income or loss compensation from **, it is a redistribution system, its goal is to ensure the reproduction of material and labor force and social stability.

Commercial insurance refers to a form of insurance that is operated by entering into an insurance contract for the purpose of profit, and is operated by specialized insurance companies. The commercial insurance relationship is a contractual relationship voluntarily concluded by the parties, in which the policyholder pays insurance premiums to the insurance company according to the contract, and the insurance company bears the responsibility of compensating for the property losses caused by the occurrence of accidents that may occur as agreed in the contract, or bears the responsibility of paying insurance money when the insured dies, is disabled, sick or reaches the agreed age and period.

Insurance is mainly divided into two types: property insurance and life insurance, among which, property insurance is divided into liability insurance, car insurance, credit insurance, agricultural insurance, etc., and life insurance is divided into critical illness insurance, medical insurance, accident insurance, life insurance, annuity insurance and so on.

So what kind of insurance should we buy first? Details can be stamped:With so many types of insurance, which one should I buy first?

Next, the senior sister will tell you about the four types of life insurance: critical illness insurance, medical insurance, accident insurance, and life insurance.

First of all, critical illness insurance is a benefit-type insurance, which mainly protects critical illnesses, while some critical illness insurance will also cover moderate and mild illnesses, etc., when the corresponding claim conditions are met, a sum of money will be paid directly, and this money can be used freely.

So what kind of critical illness insurance is worth buying? After reading this list, you will know:Top 10 Popular Critical Illness Insurance Points Worth Buying!

Medical insurance is a reimbursement type of insurance, which generally provides corresponding protection for hospitalization, outpatient and emergency services before and after hospitalization, and usually does not limit the reimbursement inside and outside the social insurance, which can be used as a supplement to social security.

In terms of accident insurance, in addition to accidental death or disability, it usually also covers accidental medical treatment, which can be used to transfer the financial loss caused by the accident.

In addition, in terms of life insurance, it is usually guaranteed for death or total disability, which is more suitable for the family breadwinner. If you don't know which life insurance products to choose, then you might as well take a look at this list:Top 10 Life Insurance Worth Buying! Hope!

Insurance is divided into life insurance and property insurance: life insurance protects the body and life of the person, and property insurance protects property loss.

Here's a clear overview of the four major types of life insurance and the types of risks they cover:

1. Life insurance. There are three main types of life insurance:

1) Term life insurance: Covers the death of a certain period of time, and the insurance company will not repay the premium.

This type of insurance has the greatest protection, and it is recommended to consider the key consideration of the budget annual premium of less than 5,000 yuan.

2) Whole life insurance: protection for a lifetime, death benefit; Surrender also gives a sum of money.

Because the insurance company will also return the money to the customer, the premium of all this insurance is relatively high, and it is recommended to consider the annual premium of more than 5,000 yuan.

3) Insurance: Cover for a certain period of time, and give money for survival and death.

This type of insurance is a compromise between term and life, which can cover the death of a fixed term, and if you are still alive after the expiration date, the insurance company will return the premium to the customer.

2. Health insurance.

Health insurance is mainly divided into:

1) Critical illness insurance: covers 25+ diseases.

Major diseases refer to a series of diseases such as malignant tumors and strokes. The China Insurance Regulatory Commission stipulates that any critical illness insurance must include 25 common critical illnesses, and the probability of other critical illnesses is low, so from the perspective of cost performance, critical illness insurance is not the more diseases the better

2) Specified Illness Insurance: Only a few illnesses are covered.

Specific diseases are several diseases that are separated from major diseases, such as leukemia in children, breast cancer in women, etc. Because there are fewer types of coverage, the premium is also much lower.

3) Outpatient and inpatient medical insurance: outpatient and emergency expenses, surgical expenses and imported medicines, etc.

Outpatient refers to the cost of daily medical treatment, this kind of insurance is not recommended to buy, because most people can afford it, and the insurance protects the accident with a low number of occurrences and a large amount of loss.

Hospitalization and hospitalization allowance are a supplement to social security and can make up for the financial losses of the family during hospitalization, which can be considered for purchase.

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.

There are many 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.

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.

Types of insurance include property insurance and life insurance.

1. Property insurance.

Property insurance is insurance that protects the property covered and its related interests. When the subject matter of the insurance is due to natural disasters or any. Specifically, it can be divided into property damage insurance, liability insurance, and credit shed collapse guarantee insurance.

2. Life insurance.

Life insurance is divided into life insurance, accident insurance, and health insurance.

1. Life insurance is based on the life of the insured, and life insurance generally includes term life insurance, whole life insurance, endowment insurance and annuity insurance.

2.Accident insurance provides protection against losses caused by accidents, and can be divided into comprehensive accident insurance, travel accident insurance, and traffic accident insurance. Common coverage liabilities include accidental death, accidental dismemberment, accidental medical treatment and accidental hospitalisation benefit.

It will also provide specific accident benefits and special coverage extensions for specific groups, such as sudden death, COVID-19 coverage, ambulance expense reimbursement, and reimbursement of transportation expenses for out-of-town referrals.

3. Health insurance refers to the medical expenses or losses caused by the insured due to illness or accident chain, which can be divided into critical illness insurance, medical insurance, cancer prevention insurance and cancer prevention medical insurance.

Legal Analysis: The State shall establish social insurance systems such as basic endowment insurance, basic medical insurance, work-related injury insurance, unemployment insurance, and maternity insurance, to protect citizens' rights to receive material assistance from the State and society in accordance with the law in the event of old age, illness, work-related injury, unemployment, childbirth, etc.

Legal basis: Social Insurance Law of the People's Republic of China

Article 2: The State shall establish social insurance systems such as basic endowment insurance, basic medical insurance, work-related injury insurance, unemployment insurance, and maternity insurance, to protect citizens' right to receive material assistance from the State and society in accordance with law in the event of old age, illness, work-related injury, unemployment, childbirth, and so forth.

Article 3: The social insurance system adheres to the principles of wide coverage, basic protection, multi-level, and sustainability, and the level of social insurance shall be commensurate with the level of economic and social development.

The main types of insurance are life insurance and property insurance. Life insurance refers to a kind of insurance that takes a person's life and body as the subject of insurance; Property insurance, on the other hand, refers to a kind of insurance that takes property and its related interests as the subject matter of insurance.

[Legal basis].Article 12 of the Insurance Law of the People's Republic of China.

The policyholder of life insurance shall have an insurable interest in the insured at the time of the conclusion of the insurance contract.

The insured of property insurance shall have an insurable interest in the subject matter of insurance at the time of the occurrence of an insured event.

Life insurance is insurance that takes a person's life and body as the subject of insurance.

Property insurance is insurance that takes property and its related interests as the subject matter of insurance.

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.

Insurance interest refers to the legally recognized interest of the policyholder or the insured in the subject matter of insurance.

Article 13. The insurance contract is established when the policyholder makes an insurance request, and the insurer agrees to underwrite the insurance. The insurer shall issue an insurance policy or other insurance certificate to the policyholder in a timely manner.

Summary. Hello, glad to answer for you, insurance can be divided into many types, here are 6 of the common types of insurance:1

Life insurance: Mainly to protect the life safety of the insured and the economic security of the family, the insurance money is generally paid when the insured dies or suffers from some major diseases. 2.

Health insurance: Mainly to protect the health of the insured, the insurance benefits are generally paid when the insured suffers from certain diseases or needs medical treatment**. 3.

Accident insurance: Mainly to protect the personal safety and economic interests of the insured in an accident, it is generally paid when the insured dies, becomes disabled or needs medical treatment due to an accident. 4.

Property insurance: Mainly to protect the property safety of the insured, including car insurance, home property insurance, commercial property insurance, etc. 5.

Travel insurance: Mainly to protect the safety and economic interests of the insured during the trip, it generally includes travel accident insurance, travel medical insurance, trip cancellation insurance, etc. 6.

Pension insurance: mainly to protect the retirement life of the insured, generally when the insured retires, the pension is generally paid.

Hello, glad to answer for you, insurance can be divided into many types, here are 6 of the common types of insurance:1Life Insurance:

It is mainly to protect the life safety of the insured and the economic security of the family, and generally pays the insurance benefit when the insured dies or suffers from some major diseases. 2.Health Insurance:

The main purpose is to protect the health of the insured, and the insurance benefit is generally paid when the insured suffers from certain diseases or needs medical treatment**. 3.Accident Insurance:

The main purpose is to protect the personal safety and economic interests of the insured in an accident, and generally pays the insurance benefit when the insured person dies, becomes disabled or needs medical treatment due to an accident. 4.Property Insurance:

Mainly to protect the property safety of the insured, the banquet includes car insurance, home property insurance, commercial property insurance, etc. 5.Travel Insurance:

It is mainly to protect the safety and economic interests of the insured during the trip, which generally includes travel accident insurance, travel medical insurance, trip cancellation insurance, etc. 6.Pension Insurance:

It is mainly to protect the retirement life of the insured, and the pension is generally paid when the insured retires.

Insurance is a Chinese word for grip front fighting, pinyin is bǎo xiǎn, English is insurance or insuraunce, the original meaning is safe and reliable protection; It is later extended into a guarantee mechanism, which 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 Duan Mo Jin Regret Slip System and Social Security System.