An insured person refers to a person whose property or person is protected by an insurance contract and who has the right to claim a sum of insurance.

There are four legal entities in life insurance transactions: the insurer, the insured, the insured and the beneficiary

The premium is the cost paid to the insurer when the insured person is insured, according to the rate of insurance set at the time of the insurance. When the insured property suffers from disasters and accidents resulting in all or part of the loss, or in the life insurance accident, the insurance person shall pay the insurance premium.

Life insurance is a type of life insurance. It takes the life of the insured as the subject of insurance, and life insurance is based on the survival or death of the insured.

Death insurance, also known as survivor insurance, refers to a social insurance system in which dependent relatives of the insured receive material assistance from society after the death of the insured or after the death of his assigns.

If the insured dies by accident, this additional treaty will pay additional compensation for the death.

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