What kinds of life insurance are there?

(1) Classification by insurance liability \x0d\ According to different insurance liabilities, life insurance can be divided into life insurance, personal accident insurance insurance and health insurance. \ x0d \ 1。 Life insurance. Life is a person's life, and life insurance is a life insurance with the life of the insured as the subject matter and the survival or death of the insured as the insured accident. In practice, people are used to dividing life insurance into term life insurance, whole life insurance, endowment insurance and annuity insurance. Life insurance is the most important part of life insurance. \ x0d \ 2。 Personal accident insurance. Personal accident insurance is called accident insurance for short. Accidental injury refers to the objective fact that people suddenly have obvious violence against the body of the insured by foreign harmful substances without foreseeing or violating the wishes of the insured. Accidental injury insurance is a personal insurance that takes the death or disability of the insured caused by an accident as the insured accident. In all life insurance businesses, you can get high protection only by paying a small amount of premium, and the insurance is simple, so there are many people insured, such as travel accident insurance and aviation accident insurance. 3. Health insurance. Health insurance is a kind of personal insurance that takes the insured's body as the insurance object to ensure that the insured can get compensation for the expenses or losses caused by diseases or accidents, including serious illness insurance, hospitalization insurance, surgery insurance, accidental injury insurance and income loss insurance. \x0d\ (II) Classification by insurance period \x0d\ Classification by insurance period, life insurance can be divided into long-term business with insurance period greater than 1 year (inclusive) and short-term business with insurance period less than 1 year (inclusive). Among them, most of the life insurance businesses are long-term businesses, such as whole life insurance, two-year insurance and annuity insurance. And the insurance period is as long as ten years, decades, or even life. At the same time, this kind of insurance is also of high savings. Accident insurance, health insurance and term insurance in life insurance are mostly short-term businesses, and the insurance period is 1 year or several months. At the same time, this kind of business has low savings and the cash value of the policy is small. \x0d\ (III) Classification by underwriting methods \x0d\ Classification by underwriting methods, personal insurance can be divided into group insurance and individual insurance. Group insurance refers to a policy that provides insurance protection for all employees or most employees (the CIRC requires at least 75% employees and the absolute number is not less than 8). Group insurance can be divided into group life insurance, group annuity insurance and group health insurance. Personal insurance refers to insurance that only provides protection for one person or one family. \x0d\ (IV) Life insurance can be divided into dividend insurance and non-dividend insurance according to whether dividends are distributed or not. Dividend insurance refers to life insurance in which an insurance company distributes its actual operating results to the insured in a certain proportion, which is superior to the surplus assumed by conservative pricing. This kind of insurance policy was originally limited to mutual insurance companies, and now joint-stock insurance companies can also adopt it. Generally speaking, in the premium calculation of dividend insurance, the assumptions of predetermined interest rate, predetermined mortality rate and predetermined expense rate are conservative, and a large safety factor is added, so the premium is relatively high. Therefore, the company should return part of the surplus of the actual economic achievements beyond the conservative assumption to the insured in the form of dividends. In the non-dividend policy, the additional safety factor is small, because the cost balance of this policy cannot be returned to the applicant afterwards, and at the same time, for the needs of business competition, the premium collection must reflect the actual cost of providing insurance. Therefore, the normal profits of non-dividend insurance are only distributed to shareholders or deposited reserves in the form of dividends. \x0d\ In addition to the above classification, life insurance can be divided into universal insurance and investment-linked insurance according to the design type.