Traditional Culture Encyclopedia - Traditional customs - Cost composition of life insurance companies

Cost composition of life insurance companies

Life insurance premium consists of two parts: pure premium and additional insurance premium. The former is used for the payment of insurance money; The latter is used for the expenditure of insurance company's business operating expenses, and the sum of the two is operating insurance premium, also known as gross insurance premium.

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