The four donkey kong of personal protection are "accident insurance, term life insurance, medical insurance and critical illness insurance". If you configure these insurances, you can basically avoid common risks.
In fact, both medical insurance and critical illness insurance avoid the risk of diseases. The difference is that critical illness insurance is mainly to make up for the loss of income caused by serious illness, while medical insurance is for life-saving, and critical illness insurance is for life-continuing, which is very important.
commercial insurance refers to a form of insurance that is operated by concluding an insurance contract for profit, and is operated by a specialized insurance enterprise. The commercial insurance relationship is a contractual relationship concluded by the parties voluntarily. The insured pays the insurance premium to the insurance company according to the contract, and the insurance company assumes the responsibility of compensation for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, is disabled or sick or reaches the agreed age and time limit.
the so-called social insurance refers to a social security system that collects insurance premiums and forms a social insurance fund to provide basic living security for its members who lose their working ability or job opportunities due to old age, illness, maternity, disability, death and unemployment.
the business entity of commercial insurance is a commercial insurance company. The insurance relationship reflected by commercial insurance is embodied in the insurance contract. The object of commercial insurance can be people and things (both tangible and intangible), specifically the life and body, property, interests, responsibilities and credit related to property. The business of commercial insurance should aim at profit, and get the maximum profit, so as to ensure the insured to enjoy the maximum economic security.
The main difference between commercial insurance and social insurance lies in:
Commercial insurance is a kind of business behavior, and insurance operators are independent in accounting, independent in operation and responsible for their own profits and losses. Social insurance is a kind of national social security system, which aims to provide people with basic living security and is backed by national financial support.
Commercial insurance is based on the principle of equality and voluntariness, and whether to establish an insurance relationship is entirely up to the insured. Social insurance is compulsory, and all citizens or workers who meet the legal conditions are directly stipulated by the state legislation.
the coverage of commercial insurance is determined by the applicant, the insured and the insurance company through consultation. Under different insurance contracts and different types of insurance, the coverage and level of the insured are different, while the coverage of social insurance is generally stipulated by the state in advance, with narrow risk coverage and low level of protection. This is determined by its social security nature.