1. The main functions of insurance are as follows:
(1) insurance guarantee function. Property insurance compensation and life insurance compensation for the insured;
(2) Financing function. Put the idle part of insurance funds into the society to play a role, and insurance companies should ensure the preservation and appreciation of the invested funds for the stability of insurance operations;
(3) Social management function. The main goal of regulating all aspects of society is to realize the harmony of social relations, make the whole society run well and manage effectively, and also reflect an important symbol of a country's insurance industry's integration into social and economic life.
2. Legal basis: Article 12 of People's Republic of China (PRC) Insurance Law.
When concluding an insurance contract, the applicant for life insurance shall have an insurable interest in the insured.
The insured of property insurance shall have an insurable interest in the subject matter insured at the time of the insured accident.
Personal insurance is an insurance with human life and body as the subject matter.
Property insurance is insurance with property and its related interests as the subject matter.
The insured refers to the person whose property or person is protected by the insurance contract and enjoys the right to claim insurance money. The applicant can be the insured.
Insurable interest refers to the legally recognized interest of the insured or the insured in the subject matter of insurance.
2. What are the insurance items?
The insurance items are as follows:
1, endowment insurance. A social insurance system in which workers receive certain economic compensation, material help and services from the government and society after reaching the statutory retirement age; ;
2. Medical insurance. The basic medical insurance system for urban employees is a social insurance system based on the affordability of finance, enterprises and individuals to ensure the basic medical needs of employees.
3. Work injury insurance. After a worker suffers from accidental injuries due to work or occupational diseases due to exposure to occupational hazards such as dust, radiation and toxic substances, the state and society shall provide necessary material assistance to the disabled and relatives of the deceased;
4. Unemployment insurance. A system enforced by the state through legislation, in which the society sets up a fund to provide material assistance to workers whose livelihood is temporarily interrupted by unemployment.