What is insurance?

The weather is unpredictable, and people have misfortune and happiness overnight

The weather is unpredictable, and people have misfortune and happiness overnight. If natural environmental disasters and unexpected accidents are always the swords of Damocles that we all face, and the development of insurance companies is to protect everyone’s common economic interests as a shield, which is the best way to transfer corporate risks and compensate for losses.危疾保險 Teaching methods. The term “insurance” as mentioned in the “Insurance Law” for single-choice questions means that the insured pays insurance premiums to the insurer in accordance with the contract, and the insurer shall be liable for indemnifying the insurance money for property losses caused by the occurrence of possible accidents as agreed in the contract, or The act of assuming the responsibility for payment of insurance money when the insured person is dead, disabled, sick, or reaches the contractual age and time limit.

According to the above definition, first, commercial insurance is a civil legal action in the form of an insurance contract with economic compensation as the content, which is different from social insurance based on national legislation; second, the insured must perform the payment obligation in accordance with the contract. In order to enjoy the right of compensation and economic compensation when an insured accident occurs, it is different from social relief based on the unilateral grant; third, the performance of the insurer’s obligation to pay compensation (except for life insurance) is uncertain and depends on the contract The occurrence of an agreed accident (life insurance is also called an incident) is different from a savings system based on a certain beneficiary right.

The basic function of insurance is to transfer risks and compensate for losses, that is, the insured pays a small premium and transfers the risk to the insurer; once a risk occurs, the loss will be shared, and many companies and individuals will share the burden of a small number of enterprises and individuals that have suffered disasters. loss. Therefore, it has an important role in safeguarding enterprises, which is inevitably underestimated in China, on family and personal development. First of all, it can ensure the stability of family life. Due to limited personal financial resources, it is difficult to accumulate sufficient reserve funds to deal with natural disasters and man-made disasters. Once the enterprise is destroyed, normal life cannot continue. If individuals and families participate in property insurance and life insurance, they can obtain compensation and payment from the insurer according to the insurance contract, thereby ensuring the stability of family life; second, we can accumulate personal funds. This is because the development of long-term corporate life insurance companies has the function of an investment management system similar to savings. Although participating in long-term life insurance can't buy the opportunity of stock income, there is no risk, and you can get life-and-death economic security. Since the development of a life insurance policy itself has a cash value, can be mortgaged, and can be transferred, it is generally regarded as a personal financial asset in foreign countries. purchasing life insurance is undoubtedly a way for students to obtain economic protection and increase the value of the currency. The best way to invest.

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