What are the subject matter of insurance?

Insurance is a kind of contractual behavior, a contractual arrangement in which one party agrees to compensate the other party's losses, and it is an important part of the social and economic security system from a social perspective. The so-called subject matter of insurance is the subject matter of the insurance contract. Here's what the subject matter of insurance includes.

1 policyholder

Refers to the person who has entered into an insurance contract with the insurer and has the obligation to pay the insurance premium according to the insurance contract. The applicant can be a natural person or a legal person, but must have civil capacity.

2 insurance company

Also known as an insurer, it refers to an insurance company that enters into an insurance contract with the applicant and assumes the responsibility of compensation or payment of insurance benefits. There are two forms of China: joint-stock companies and wholly state-owned companies. An insurer is a legal person, and an individual citizen cannot be an insurer.

3 the insured

Refers to the person whose property interests or personal interests are protected by the insurance contract according to the insurance contract and who enjoys the right to claim insurance money after the insurance accident. The insured is often also the insured.

4 beneficiary

Refers to the insured or the person designated by the insured to have the right to claim insurance money in the life insurance contract, and both the insured and the insured can be beneficiaries. If the applicant and the insured have not designated the beneficiary, the legal heir shall be the beneficiary.

5 Policy owner

The owner of the insurable interest is often the applicant, beneficiary or assignee of the insurance policy.

The above is the introduction of insurance subjects, do you understand?