Life insurance includes the following types of insurance:
1, life insurance includes life insurance, health insurance and personal accident insurance;
2. Personal insurance: life insurance for short, is an insurance that takes the life and death of a person as the subject matter of insurance, and the insured survives or dies during the insurance liability period, and the insurer pays the insurance money according to the contract;
3. Health insurance: it is an insurance that takes the person's body as the subject matter of insurance, and the insured's injury or disease risk caused by illness or accidental injury as the insurance liability, so that the insured can get compensation for the expenses or losses caused by injury or disease;
4. Personal accident insurance: it is insurance with the human body as the subject matter and the disability caused by accidental injury as the payment condition;
5. The business scope of life insurance includes life insurance, death insurance and endowment insurance:
Survival insurance: insurance in which the insured is still alive at the expiration of the agreed insurance period and the insurer pays the premium. Such as pension annuity insurance;
Death insurance: insurance in which the insured dies during the insurance period and the insurer pays the insurance premium;
Old-age insurance: insurance in which the insurer pays the premium when the insured dies and the insured is still alive during the insurance period. Such as simple life insurance.
Legal basis:
Article 16 of the Insurance Law of People's Republic of China (PRC)
When concluding an insurance contract, if the insurer makes an inquiry about the subject matter insured or the insured, the applicant shall truthfully inform him.
If the applicant fails to fulfill the obligation of truthful disclosure stipulated in the preceding paragraph intentionally or due to gross negligence, which is enough to affect the insurer's decision to agree to underwrite or increase the premium rate, the insurer has the right to terminate the contract.
If the right to terminate the contract stipulated in the preceding paragraph is not exercised for more than 30 days from the date when the insurer knows the reason for termination, it shall be extinguished. If more than two years have passed since the establishment of the contract, the insurer shall not terminate the contract; In the event of an insured accident, the insurer shall be liable for compensation or payment of insurance benefits.
If the applicant intentionally fails to fulfill the obligation of telling the truth, the insurer shall not be liable for compensation or payment of insurance premium for the insured accident that occurred before the termination of the contract, nor shall it refund the insurance premium.
If the insured fails to fulfill the obligation of telling the truth due to gross negligence, which has a serious impact on the occurrence of the insured accident, the insurer shall not be liable for compensation or payment of insurance benefits for the insured accident that occurred before the termination of the contract, but shall refund the insurance premium.
When concluding a contract, the insurer knows that the applicant has not truthfully informed it, and may not terminate the contract; In the event of an insured accident, the insurer shall be liable for compensation or payment of insurance benefits.
An insured accident refers to an accident within the scope of insurance liability stipulated in the insurance contract.