Health insurance and life insurance

Health insurance and life insurance belong to personal insurance. They all have the general characteristics of life insurance, such as honesty, commitment, service and compensation.

However, health insurance takes people's health as the insurance object, and the insurance company guarantees that the insured will be compensated for medical expenses and income losses caused by illness or accidental injury;

Life insurance takes people's life as the insurance object and the survival and death of the insured as the payment conditions.

Health insurance emphasizes the compensation for medical expenses or income loss;

On the other hand, life insurance aims to provide financial security for families and individuals, because life has changed.

The beneficiary of health insurance is the insured himself;

The beneficiary of life insurance can be other people designated by the insured.

It can be understood that health insurance compensates for the present and life insurance guarantees the future.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.