What is the insurable scope of life insurance

Life insurance is one of the most common types of insurance. It is a kind of insurance with human life and body as the insurance object, which is different from property insurance. According to the relevant provisions of the Interim Regulations on the administration of insurance enterprises, China's insurance enterprises are divided into two categories: insurance enterprises operating personal insurance and insurance enterprises operating various insurance businesses other than personal insurance.

The scope of life insurance is very large, and it is divided into many small categories. Do you know what the scope of life insurance is?

Generally speaking, the scope of life insurance is to protect people's body or life, with the insured's life and death, accidental injury, disease and loss of labor ability as insurance events. When people suffer from an unfortunate accident or lose the ability to work, disability, retirement or death due to illness or old age, according to the insurance contract, the insurer shall pay the insured or the beneficiary the insurance money or annuity.

The original life insurance is only limited to cover the death of the insured. People used to think that death is the biggest personal risk, so the early life insurance mainly provides protection for death, and the original life insurance specifically refers to death insurance. However, people all hope to survive and live a long life. Because survival and longevity need the cost of living, it is actually a kind of risk. Therefore, there are survival insurance and the combination of death insurance and survival insurance. Because a person can not predict the length of his life, the one-time payment of the survival insurance can not provide sufficient protection for the needs of the elderly, so the annuity insurance appeared later.