Two. Related contents of life insurance:
1. Personal insurance is one of the most important types of insurance, which takes human life as the subject matter of insurance and life and death as the insurance accident, also known as life insurance. Life insurance is a kind of life insurance. [1] Like all insurance businesses, the insured transfers the risk to the insurer, accepts the insurer's terms and pays the insurance premium. Different from other insurances, life insurance transfers the risk of the insured's survival or death.
2. It is an insurance with life and death as the insurance object. It is insurance in which the insured survives or dies during the insurance liability period and the insurer pays the insurance money according to the contract. The term life insurance has a broad sense and a narrow sense. Life insurance in a broad sense is life insurance, and life insurance in a narrow sense is a kind of life insurance, but it does not include accident insurance and health insurance. It only regards life and death as an insurance event. According to the provisions of the contract, the insurer is responsible for paying insurance money to the insured when he dies or lives to a certain age during the insurance period. There are three basic forms of life insurance in a narrow sense: term life insurance, whole life insurance insurance and life-and-death pension insurance.
As of July 2003, more than 120 foreign insurance companies have set up representative offices in China. These representative offices are a bit like "diplomatic embassies". Foreign-funded enterprises hope that one day, with the permission of the government, the representative office can get a full business license and become a business entity. Many other institutions have established joint ventures with local insurance companies or made strategic investments in local companies. Every week, new foreign companies express their intentions.
Personal life insurance is mainly sold through agents, and it is still in a dominant position in the market. In 2002, life insurance accounted for 80% of all life insurance premiums (although it fell to 60% by the end of 2002). Recently, the business environment of personal insurance has become increasingly difficult and the competition has become increasingly fierce. This is especially true in big cities. Moreover, there have been many problems in the agency, such as poor customer service, misleading information during sales and low overall integrity.