The business of insurance companies is divided into two categories: life insurance business, including life insurance, health insurance, accident insurance and other insurance business. Property insurance business, including property loss insurance, liability insurance, credit insurance, guarantee insurance and other insurance business. Insurance companies in China are generally not allowed to operate life insurance business and property insurance business at the same time. An insurance company is an insurer in the form of company organization, which deals in insurance business. The insurer in the insurance relationship has the right to collect insurance premiums and establish insurance premium funds. At the same time, in the event of an insured accident, it is obliged to compensate the insured for economic losses. Insurance companies are companies that sell insurance contracts and provide risk protection. An insurance company refers to an economic organization that operates the insurance industry. Insurance companies refer to commercial insurance companies established with the approval of China Insurance Regulatory Authority and registered according to law, including direct insurance companies and reinsurance companies. Mutual insurance company is also a form of company organization, but it is a non-profit company with no shareholders, and the company is owned by the insured.
In personal accident insurance, many agreements are signed by both parties, and the amount of insurance is also negotiated by both parties (not exceeding the maximum amount), so the scope of insurance liability is relatively flexible. The insurance procedure is also very simple, and it will take effect if you sign it on the spot. The insured does not need to take a medical examination. As long as he has the ability to pay, ordinary people can participate Insurance generally does not have the function of saving. After the termination of the insurance period, the insurance company will not refund the insurance premium even if there is no insurance accident. Therefore, the general premium is lower and the protection is higher. Personal accident insurance depends on the personal situation, the nature of work, and the types of insurance you want to insure. Generally, different insurance companies will have different coverage and contents, depending on the specific situation. Insurance types can be classified according to insurance motivation, insurance risk, insurance period and insurance structure. According to the motivation of insurance, personal accident insurance is mainly divided into voluntary accident insurance and compulsory accident insurance.