1. Personal insurance is life insurance with the survival or death of the insured as the payment condition. Different from other insurances, life insurance transfers the risk of the insured's survival or death.
2. Health insurance is a kind of life insurance in which the insured can get compensation for the expenses and losses caused by diseases or accidents. According to insurance liability, health insurance can be divided into sickness insurance, medical insurance, disability income loss insurance and nursing insurance.
Second, the insurance period is different.
Health insurance can be divided into short-term health insurance and long-term health insurance. Short-term health insurance refers to the health insurance whose insurance period is less than 1 year and 1 year, excluding the guarantee renewal clause. Long-term health insurance refers to health insurance whose insurance period exceeds 1 year or whose insurance period does not exceed 1 year, but with renewal clauses.
Third, the insurance payment methods are different.
There are three main payment methods of health insurance benefits, namely, cost compensation or reimbursement, fixed payment and hospitalization subsidy. Life insurance belongs to payment insurance. As long as there is an insurance accident agreed in the insurance contract, the insurance company will pay the insurance money according to the contract. * * * There are three kinds: bonus, surrender premium and insurance premium.
Fourth, the computing technology is different.
When setting the rate of health insurance, disability rate, disease rate and duration of illness (disability) are mainly considered, and the calculation basis is the loss rate of insurance amount and unexpired liability reserve. Life insurance mainly considers mortality rate, expense rate and interest rate when setting the rate.
Verb (abbreviation for verb) Different operational risks.
The insurance liability of health insurance is injury insurance, and its influencing factors are particularly complicated. There are many risk factors in health insurance, adverse selection and moral hazard are more serious, so in underwriting, health insurance is much stricter than life insurance. The risk of life insurance in this respect is very small, the core standard is human life, and the underwriting procedure is simple.
Extended data:
Classification of life insurance
1, term life insurance
Term life insurance is based on the premise that the insured dies within the period stipulated in the policy, and the deceased beneficiary has the right to receive insurance money. If the insured does not die during the insurance period, the insurer does not need to pay or return the insurance premium, which is referred to as "term life insurance" for short. This kind of insurance mostly provides protection for the insured to engage in more dangerous work in a short time.
2. Lifelong life
Whole life insurance is an indefinite death insurance, referred to as "whole life insurance". The insurance liability lasts from the effective date of the insurance contract to the death of the insured. Because people's death is inevitable, the premium of life insurance will eventually be paid to the beneficiary. Because the insurance period of life insurance is longer, its rate is higher than that of term insurance, and it has the function of saving.
3. Survival insurance
Survival insurance means that the insured must survive until the insurance period stipulated in the policy expires before he can receive the insurance money. If the insured dies during the insurance period, he can't claim to recover the insurance money, nor can he recover the paid insurance premium.
3. Live and die together
Combination of term life insurance and survival insurance. Life-and-death endowment insurance refers to life insurance in which the insured assumes death within the period stipulated in the insurance contract, the death beneficiary receives the death insurance money stipulated in the insurance contract, the insured continues to live until the insurance period stipulated in the insurance contract expires, and the insured receives the insurance maturity money stipulated in the insurance contract. This kind of insurance is the most common commercial life insurance in the market at present.
4. Endowment insurance
Endowment insurance is a combination of survival insurance and death insurance, and it is a special form of life-and-death old-age security. Whether the insured dies during the insurance period or lives to the expiration of the insurance period, he can receive insurance money, which can not only eliminate the economic pressure brought by the death of the insured to his family, but also enable the insured to get a sum of money to support the elderly at the end of the insurance period.
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