Basic insurance Dictionary

June. 10,2020
Basic insurance Dictionary

Basic insurance, i.e. main insurance, refers to the various insurance terms contained in the insurance that can be insured separately.

 

Defined

 

Corresponding lying, there is additional insurance.

 

Basic risk is a risk that affects the general or part of society and is beyond the control of any one, even partially.

 

Difference

 

(1) The main insurance refers to the insurance insurance that can be insured separately, the additional insurance refers to the insurance insurance that cannot be insured separately, can only be attached to the insurance insurance type insured by the main insurance, and when the effect of the main insurance is terminated or terminated due to the expiration of the main insurance, the termination or expiration of the term, the effect of the additional insurance is also terminated or terminated.

 

Risk-added configuration

 

Simply put, the main insurance is an insurance product that can be insured separately. Our common life insurance, old-age insurance and other insurance are the main insurance. Additional insurance refers to those types of insurance that cannot be insured separately. People must buy a main insurance premise, attach these types of insurance in order to enjoy the corresponding protection benefits. General insurance companies in the name of the product will also have the word "additional", such as "additional fixed-term life insurance", "additional hospital allowance" and so on, or a better distinction out.

 

The effect of additional insurance is subordinate to the main insurance in time. If the effectiveness of the main insurance is suspended, the effect of the additional insurance is suspended. There are many cases where the main insurance loses its effectiveness, which makes the additional insurance attached to it seem less "secure".

 

Relationship

 

The so-called basic insurance refers to the insurance that can be insured and insured separately. The so-called additional insurance refers to the insurance can not be insured and insured separately, the policyholder can only be insured on the basis of the basic insurance, according to their own needs to choose to be insured. If the terms of the additional insurance and the basic insurance terms conflict, the interpretation of the conflict shall be subject to the additional insurance terms. If the additional insurance terms are not specified, the basic insurance terms shall prevail.

 

Overview of the main responsibilities and functions of basic insurance products

 

There are many basic types of insurance products: life insurance, serious illness insurance, accident insurance, because this is a family's basic protection needs the most basic insurance products. The other two full insurance, dividend return type or new universal and investment link are based on its development and evolution.