1. Insurance: Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer assumes the responsibility of paying the insurance premium for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.
Second, from the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.
3. The subject of insurance is the subject of the insurance contract, including only the applicant and the insurer. The insured, beneficiary and policy owner do not belong to the subject of insurance unless they are the same person as the applicant. The applicant refers to the person who has entered into an insurance contract with the insurer and has the obligation to pay the insurance premium according to the insurance contract. The applicant can be a natural person or a legal person, but must have civil capacity.
Four. An insurer, also known as an "insurer", refers to an insurance company that enters into an insurance contract with the applicant and assumes the responsibility of compensation or payment of insurance benefits. There are two forms of China: joint-stock companies and wholly state-owned companies. An insurer is a legal person, and an individual citizen cannot be an insurer. The insured refers to the person whose property interests or person are protected by the insurance contract according to the insurance contract, and who has the right to claim the insurance money after the insurance accident. The insured is often also the insured.
Five, the beneficiary refers to the person who has the right to claim the insurance money specified by the insured or the insured in the life insurance contract, and both the insured and the insured can be beneficiaries. If the applicant and the insured have not designated the beneficiary, the legal heir shall be the beneficiary. The owner of the policy, that is, the person who owns the ownership of the insurable interest, is often the applicant, beneficiary or assignee of the policy.