What is the insurance industry?

Insurance belongs to the financial industry. At the same time, there are many types of insurance. However, ordinary people will choose to buy four kinds of insurance. What are the four types? Don't worry, let dad introduce you one by one. Pay more attention to buying insurance, dad.

I prepared this article for you: "You must know the routines of these insurance companies! 》

1, life insurance

Life insurance is easy to understand. If the insured dies or is totally disabled within the prescribed time limit, the insurance company will pay a sum of compensation according to the agreement, which is mainly divided into term life insurance and whole life insurance.

2. Accident insurance

Accident insurance is to provide economic compensation to the insured for the losses caused by accidental death or disability.

3. Medical insurance

Medical insurance mainly reimburses the reasonable expenses of the insured in the course of treatment in proportion, usually limited to a certain amount.

4. critical illness insurance

Critical illness insurance is mainly used for rehabilitation expenses and compensation for economic losses. Once a person is seriously ill, he will not only pay high medical expenses, but also lack a source of income. This is also the reason why many families are "poor due to illness".

Dad concluded:

So much for the basic introduction of the four major types of insurance. Generally speaking, the four types of insurance have their own functions and complement each other.