What does personal insurance cover? Five points to tell you!

1、What is personal insurance?

Personal insurance refers to the signing of a contract between the applicant (the person who purchases the insurance) and the insurer (the insurance company), in which both parties agree on their rights and obligations, and the applicant pays the insurance fee to the insurer on a regular basis according to the requirements of the contract. As the personal insurance related to our vital interests, it is mainly divided into the following four types at this stage: personal life insurance (life insurance), major disease insurance, personal accident insurance and medical insurance. Next, Xiaobian will take you to see their true face of Lushan!

Personal insurance refers to the signing of a contract between the applicant (the person who purchases the insurance) and the insurer (the insurance company), in which both parties agree on their rights and obligations, and the applicant pays the insurance fee to the insurer on a regular basis according to the requirements of the contract. As the personal insurance related to our vital interests, it is mainly divided into the following four types at this stage: personal life insurance (life insurance), major disease insurance, personal accident insurance and medical insurance.

2、What is personal life insurance? What does it do?

Personal life insurance is the most important part of personal insurance. It specifically refers to the insurant’s survival or death within the liability period stipulated in the insurance contract, and the insurer pays the insurance benefits according to the corresponding contract provisions.

The main function of personal life insurance is to provide the necessary protection for the family, to ensure that when the insured dies accidentally, the economic loss to the family can be minimized.

3、What does major illness insurance mean? What are the two main uses?

The major disease insurance in personal insurance is a kind of disease insurance that takes the major disease of the insured as the condition of paying insurance benefits. As long as the conditions stipulated in the insurance contract are met, the insured can be compensated.

There are two main uses: one is to pay the high cost of treatment or operation for the insured. Second, it can fully protect the life of the insured, support the insured and their families from the economic conditions, and prevent them from getting into trouble due to diseases.

4、What is the difference between personal accident insurance and personal life insurance?

Personal accident insurance is the insurance that the body of a person suddenly causes death, disability, etc. because of an accident, so the insurer pays the insured insurance money. Generally, the premium paid for accidental death is a specified amount.

The function of life insurance is basically the same as that of personal life insurance. The difference is that life insurance is to solve the situation of family poverty after the death of the insured, while accident insurance is mostly to solve the problem that the insured gives the family and their own extra economic compensation after the sudden disability.

5、What is the scope of medical insurance reimbursement?

Medical insurance is mainly used to compensate for expenses other than social insurance reimbursement (invoice and list are required), some of which are used to compensate for the loss of income of the insured during hospitalization.

As the old saying goes, people have misfortunes and blessings all the time. In the face of uncontrollable life changes, insurance has become a guarantee for individuals and families to be prepared. The editor reminds us that we must be clear about the characteristics and functions of all kinds of insurance, buy to buy, and truly realize the goal of risk transfer through insurance.

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