What types of insurance does life insurance cover?

Personal insurance is an insurance with human life and body as the subject matter. The applicant of life insurance pays the insurance premium to the insurer according to the policy agreement. When the insured suffers death, disability, illness and other insurance accidents during the contract period or reaches the age and time limit agreed in the life insurance contract, the insurer shall bear the responsibility of paying the insurance money according to the contract. Life insurance is divided into life insurance, annuity insurance, health insurance and personal accident insurance.

I. Classification by insurance liability:

1, life insurance

2. Health insurance

3. Life accident insurance

Two. Classification by insurance period:

1, long-term life insurance (insurance period is greater than 1 year)

2. Short-term life insurance (insurance period is 1 year and below)

Three. Classification by underwriting method:

1, group life insurance

2. Individual life insurance

3. Traditional life insurance

There are many kinds of traditional life insurance products, but they can be divided into life insurance, personal accident insurance and health insurance according to the scope of protection. Life insurance can be divided into term life insurance, endowment insurance, annuity insurance and sickness insurance, while health insurance can be divided into sickness insurance, medical insurance, disability income loss insurance and nursing insurance.

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