What is commercial insurance?

Commercial insurance, also known as financial insurance, is relative to social insurance. Commercial insurance organizations collect insurance premiums from the insured according to the insurance contract, establish insurance funds, and be liable for compensation for property losses caused by the contract; Or when the insured dies, is disabled, falls ill, or reaches the age and time limit agreed in the contract, it is a contractual act that bears the responsibility of paying insurance benefits.

Insurance includes property insurance, life insurance and health insurance.

1. Property insurance.

Property insurance includes motor vehicle insurance, enterprise property insurance, family property insurance, ship insurance, liability insurance, guarantee insurance, cargo transportation insurance, agricultural insurance, engineering insurance and credit insurance.

Second, life insurance and health insurance.

1. According to the number of insured persons, it can be divided into individual health insurance and group health insurance.

2. According to the insurance period, it can be divided into short-term health insurance and long-term health insurance. The length of insurance period can also be combined with the number of policyholders to form short-term group insurance and long-term group insurance, and can also be combined with individuals to form short-term individual insurance and long-term individual insurance.