Insurance Exam In life insurance, birth, old age, sickness, death and disability related to a person

According to Article 95 of the Insurance Law of the People's Republic of China, the business scope of the insurance company:

1) Life insurance business, including life insurance, health insurance, accident insurance and other insurance business;

2) Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance business;

3) Other insurance-related businesses approved by the insurance regulatory authority.

Insurers shall not concurrently engage in life insurance business and property insurance business. However, insurance companies that operate property insurance business can operate short-term health insurance business and accident insurance business with the approval of the insurance regulatory authority. Insurance companies shall engage in insurance business activities within the scope of business approved by the insurance regulatory authority in accordance with the law.

Birth, old age, sickness, death and disability refer to insurance liability.

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

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 life or body of the insured is affected by an insurance accident or the expiration of the insurance period. In property insurance, the insurer bears the liability for the loss of the insured object, while in life insurance, the insurer bears the liability for payment, regardless of whether the loss is or how much. For this purpose, life insurance is usually a fixed coverage plan.

According to the form of insurance, life insurance can be divided into voluntary insurance and compulsory insurance.

According to the nature of personal danger, it can be divided into life insurance, injury insurance, and health insurance.

There are three types, which are described as follows:

1. Life insurance: The life of the insured is the subject of insurance, and the life or death of the insured is the condition of payment.

2. Injury insurance: protect the personal life of the insured due to accidents, and pay insurance benefits in accordance with the contract.

3. Health insurance: The physical health of the insured is the subject of insurance, and the insured is provided with medical, sick, nursing and other protection.

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Whole Life Insurance,"Death insurance"It is a type of life insurance, which is an insurance that requires the death of the insured to be paid during the insurance period.

Depending on the duration of the insurance, death insurance can be divided into "term life insurance" and "whole life insurance".

Whole life insurance, also known as whole life insurance, is a type of insurance that provides lifelong protection.

The insurer pays the sum insured to the beneficiary whenever the insured dies during the term of the policy.

Therefore, in death insurance, life insurance with death as the condition of payment and an unlimited period of insurance is called whole life insurance.

In death insurance, life insurance that is conditional on death and has an unlimited insurance period is called whole life insurance.

The term of whole life insurance is from the date agreed on the insurance policy until the death of the insured, and the insurer pays the death insurance benefit in the event of the death of the insured.

Term life insurance. If it is returned at maturity, it is a full insurance.

All-in-one and whole life. Accident insurance.

Life insurance policy. It refers to the insurance that takes the life span and body of the person as the subject matter of insurance, and the insurer pays the insurance money to the insured or its beneficiaries when the insured collapses during the insurance period and dies, disability or illness, or survives to a specified point in time. Ordinary life insurance mainly solves people's financial difficulties when they suffer from unfortunate accidents such as accidental injury, illness or death in their daily lives, or when they retire in old age.

With the continuous innovation of insurance business, some life insurance products with investment functions not only solve the economic difficulties of the insured, but also meet people's demand for investment. As far as the subject matter of life insurance is concerned, when the life span of a person is taken as the subject matter of insurance, it exists in two states: survival and death; When the split old age takes the human body as the subject of insurance, it exists in the state of human health, physiological functions, and labor ability (that is, the means by which people rely to make a living).

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Life insurance refers to the insurance that takes a person's life and body as the subject of insurance, and the common forms of insured accidents in life insurance include: death, disability, illness, and accidental injury.