If you want to consult a few insurance terms, please ask the industry to help answer them

Wyiqun's answer is the most accurate and I couldn't agree more.

The original meaning of insurance is to provide safe and reliable protection against the needy.

The basic elements of insurance are the existence of specific risk accidents, the combination of most economic units (the law of large numbers), the reasonable calculation of rates, and the establishment of insurance. The basic function of insurance is to separate economic compensation and compensation payment, and the derivative functions include investment and financial management, disaster prevention and loss prevention. The basic elements of insurance are:

The existence of a specific risk event, the combination of a large number of economic units.

Compulsory insurance and voluntary insurance are insurance enforced by the state through legal and administrative means, such as compulsory traffic insurance, rural medical insurance, urban medical insurance, etc. In the case of voluntary insurance, under the principle of voluntary, the policyholder goes to the insurance company to purchase the insurance on his own. The policyholder is free to decide the type of insurance, premium, etc.

Such as third-party liability insurance, life insurance, accident insurance, etc.

The definition of insurance is divided into narrow and broad senses:

Generalized insurance. No matter what form of insurance, in terms of its natural attributes, it can be summarized as: insurance is an act of gathering a large number of units and individuals with the same kind of risk to provide insurance economic protection to a small number of members who have suffered economic losses due to the occurrence of the risk accident in the form of reasonable calculation of risk contributions.

Insurance in the narrow sense. Usually, what we call insurance is insurance in the narrow sense, that is, commercial insurance. The Insurance Law of the People's Republic of China clearly points out that the term "insurance" in this Law refers to the commercial insurance behavior in which the insured pays insurance premiums to the insurer in accordance with the contract, and the insurer bears the liability for 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, becomes ill, or reaches the age and time limit agreed in the contract.

Insurance, in English, is insurance or insuraunce, which means safe and reliable protection; It 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 financial system and social security system.

Insurance refers to the commercial insurance behavior in which the insured pays the insurance premium to the insurer in accordance with the contract, and the insurer bears the responsibility of compensating the insurance money for the property loss caused by the occurrence of an accident that may occur as agreed in the contract, or when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract.

From an economic point of view, insurance is a financial arrangement for apportioning the loss of an accident; From a legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system, and it is an "exquisite stabilizer" of social production and social life. From a risk management perspective, insurance is a method of risk management.

The insurer is the insurance company, the policyholder refers to the person who buys the insurance and pays the premium, the insured refers to the person who enjoys the insurance protection, the premium is the money handed over to the insurance company, and the insured amount is the amount paid by the insurance company when the actual claim is made.

(1) Broad insurance.

No matter what form of insurance, in terms of its natural attributes, it can be summarized as: insurance is an act of gathering a large number of units and individuals with the same kind of risk to provide insurance economic protection to a small number of members who have suffered economic losses due to the occurrence of the risk accident in the form of reasonable calculation of risk contributions.

2) Insurance in the narrow sense.

Usually, what we call insurance is insurance in the narrow sense, that is, commercial insurance. The Insurance Law of the People's Republic of China clearly points out that the term "insurance" in this Law refers to the commercial insurance behavior in which the insured pays insurance premiums to the insurer in accordance with the contract, and the insurer bears the liability for 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, becomes ill, or reaches the age and time limit agreed in the contract.

Insurance is an economic form that establishes the economic relationship between the two parties in the form of a contract, establishes the insurance ** by paying insurance premiums, and makes economic compensation or payment for the losses caused by disasters and accidents within the scope of the insurance contract.

Insurance is one of the oldest methods of risk management. In a contract of insurance, the insured pays a fixed amount (premium) to the insurer, and the former is guaranteed that the latter will be compensated for any losses caused by a particular event or group of events for a specified period of time.

Insurance belongs to the economic category, and what it reveals is the attribute of insurance, which is the essential thing of insurance.

Essentially, insurance embodies an economic relationship, which is manifested in:

1) The commodity exchange relationship between the insurer and the insured.

2) The income redistribution relationship between the insurer and the insured.

From an economic point of view, insurance is a method of loss apportionment, in which the majority of units and individuals pay premiums to establish insurance**, so that the losses of a small number of members are shared by all the insured.

In a legal sense, insurance is a kind of contractual act, that is, through the signing of an insurance contract, the rights and obligations of both parties are clarified, and the insured obtains compensation within the scope of the insurance contract by paying premiums, and the insurer has the right to receive premiums and the obligation to provide compensation.

It can be seen that insurance is the unity of economic and legal relations.

Insurance has the functions of economic compensation, financing and social management, and these three functions are an organically linked whole. The function of financial compensation is a basic function, and it is also the most distinctive feature that distinguishes insurance from other industries. The function of financial integration is developed on the basis of the function of economic compensation, and the function of social management is an important function produced after the insurance industry has developed to a certain extent and penetrated into many levels of social life, and it can only play a role after the function of economic compensation and financial integration can be realized.

According to the law of development of insurance companies, the company's profit** is mainly divided into two parts. Part of it comes from business profits, i.e., underwriting profits; Part of it comes from investment profits, that is, profits from the use of funds. From the perspective of the development trend of the insurance industry, the underwriting profit is getting smaller and smaller, the profit from the use of funds is getting bigger and bigger, and the development of insurance business has begun to show a trend of transformation from the profit center of the insurance company to the capital center.

Regarding the proportion you mentioned, the CIRC has strict restrictions on the proportion of various investment channels, and since 2012, it has been gradually liberalized, and the investment field is now almost a full-field investment for large insurance companies.

I don't think it's necessary for the general public to understand the meaning of the definition, as long as it meets their own requirements and financial ability allows, it is necessary to purchase a certain amount of insurance.

This definition contains more deception and deception, leaving people with more sadness and unreliability, and the announcement to you is not to deceive yourself! Fooled the people around them, they lost money and fattened the insurance company. To be honest, in addition to accident insurance, other types of insurance are fooling people, especially the participating insurance pit people are not small, be careful of fraud.

The insurance company is a big thief, the salesman is a small thief, and if something happens to the thief, the big thief will shield the thief, not to mention that they are sharing the spoils.

Playing with words in the insurance contract, every word that appears on the policy can become the final "trap". In the dictionary of insurance salesmen, there is no "fraud", only "misleading".

Insurance represents the wisdom of human survival, helping us to do our best to "prepare for the work" when danger and storms are coming, resist the irresistible risks that lead to the quality of personal life from declining, reduce people's suffering due to misfortune, and promote economic prosperity and stability in social life with its unique style and beauty. Insurance is a measure of a person's quality of life. The criterion for the quality of an individual's life is not whether he or she enjoys prosperity and wealth because of some good opportunity, but whether he or she is safe, stable, harmonious, and worry-free in spiritual prosperity under high material enjoyment.

In response to this need, insurance came into being, marking the conclusion of a new social civilization.

1. Insurance is a Chinese word, pinyin is bǎo xiǎn, English is insurance or insuraunce, the original meaning is safe and reliable protection; It is the basic means of risk management under the conditions of market economy, and it is an important pillar of the financial system and social security system.

2. Insurance refers to the commercial insurance behavior in which the insured pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of compensating for the property loss caused by the occurrence of the accident that may occur in the contract, or the insured bears the responsibility of paying the insurance money when the insured dies, is disabled, sick or reaches the age and time limit agreed in the contract.

3. From an economic point of view, insurance is a financial arrangement for sharing the loss of accidents; From a legal point of view, insurance is a contractual act, and bridge blindness is a contractual arrangement in which one party agrees to compensate the other party for its losses; From a social point of view, insurance is an important part of the social and economic security system, and it is an "exquisite stabilizer" of social production and social life. From a risk management perspective, insurance is a method of risk management.

Insurance Terminology is the first insurance industry standard promulgated since the restoration of China's domestic insurance industry, and it is also the first financial industry standard formulated by the insurance industry. The maintenance of standards embodies the spirit of advancing with the times and maintains the advanced nature of standards.

Extended information: 1. It embodies the following characteristics:

One is professionalism. The terms and vocabulary selected in this standard have professional connotations and professional characteristics, and the definitions of terms are professional, accurate and popular.

The second is the advanced nature. This standard refers to some existing international insurance industry terminology standards, so that domestic standards can be internationally recognized, so as to keep up with the pace of development of the world's insurance industry, and strive for the initiative in the competition.

The third is scalability. Since the standardization of insurance terminology is a long-term process, the system framework established by this standard is conducive to the collection and expansion of terminology in the future.

Fourth, systematic. The system framework established by this standard reasonably classifies insurance terms, the definition of written terms emphasizes systematic, and the lines between insurance concepts reflect the hierarchical relationship between each other.

Fifth, practicality. This standard pays special attention to the promotion and application of terminology, which is convenient for users to consult and use.

2. Terminology is a collection of titles used to express concepts in a specific subject area, and is also known as nouns or technical nouns (different from nouns in grammar) in China. Terminology is a conventional linguistic symbol that uses speech or writing to express or define scientific concepts, and is a tool for the exchange of ideas and understanding.

3. According to international standards, the term "term" refers only to "literal referents". But many people use the term confusingly, sometimes referring to referential and sometimes conceptual. This may be due to conceptual drift in the speaker's mind, but it may also be related to another definition given by the Canadian terminologist Rondo, which sees the term as a linguistic sign in the Saussure sense, a unity of the signified and the signified.

4. Terminology in various disciplines. Terms, which can be words or phrases, are used to correctly mark things, phenomena, characteristics, relations and processes in various specialized fields such as production technology, science, art, and social life. For example, the communication ** or "media", "**" or "media".

5. It refers to the carrier of information dissemination, that is, all forms of material tools that carry and transmit information from the communicator to the receiver in the process of information dissemination; It was first used as a term in 1943 in the American Library Association's book Guidelines for Public Libraries in the Postwar Period.