1, the subject of insurance is the subject of insurance contract, including only the applicant and insurer. The insured, beneficiary and policy owner do not belong to the subject of insurance unless they are the same person as the applicant.
2. The applicant 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.
3. The insurer, also known as the "insurer", 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. The insured refers to the person whose property interests or person are protected by the insurance contract according to the insurance contract, and who has the right to claim the 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 who has the right to claim the insurance money in the life insurance contract. The applicant and the insured can be beneficiaries. If the applicant and the insured have not designated the beneficiary, the legal heir shall be the beneficiary. The owner of the policy, that is, the person who owns the ownership of the insurable interest, is often the applicant, beneficiary or assignee of the policy.
5. The object of insurance, that is, the object of insurance contract, is not the subject matter of insurance itself, but the insurable interest (biāODI) of the applicant or the insured on the subject matter of insurance.
Insurable interest refers to the legally recognized interest of the insured or the insured in the subject matter of insurance. This is mainly because the insurance contract guarantees not the safety of the subject matter insured, but the economic interests of the insured or the insured and the beneficiary after the subject matter insured is damaged. The subject matter of insurance is only the carrier of insurable interest.