Comparison between insurance industry and health industry

Affordable insurance belongs to the jargon of life insurance industry. Its biggest feature is high security and low cost, and it belongs to the same nature as consumer insurance, such as accident insurance and term life insurance. Health insurance is also an insurance.

Generally speaking, it is savings insurance, which is quite different. It is characterized by a certain return and due return, which corresponds to higher premiums, such as endowment insurance and education insurance.

2. Health insurance

Health insurance and ordinary life insurance are two types of insurance products with relatively high sales volume.

Health insurance is based on the incidence of diseases and accidents. Accidents in health insurance refer to diseases and accidental injuries, not death, unlike other life insurance, which uses life tables as the basis for determining rates. Therefore, the rate of health insurance is empirical rate, and general life insurance has a fixed life table.

The insured accidents of health insurance refer to diseases, accidental injuries, etc. There are many human diseases, and there are many different types of health insurance, which can be combined according to various diseases and age levels. Every kind of insurance has a certain customer base. If there are many types of insurance, more customers will be won, especially those with low incidence. But once it happens, it is difficult for most families to afford the insurance for their medical expenses, which has the characteristics of low rate and high security. General life insurance is only a combination of survival and death benefits, and there are few types of insurance.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.