1. Mutual assistance: Insurance has the mutual assistance characteristic of “one person is for many, and many are for one”.

Under such conditions, insurance shares risks that units and individuals cannot bear, thus forming an economic mutual assistance relationship.

This economic mutual assistance relationship is reflected by the insurance fund established by the insurance company using the insurance premiums paid by the majority of policyholders to provide compensation or benefits to a small number of insured persons who have suffered losses.

2. Legality From a legal perspective, insurance coverage is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses. The party that agrees to provide loss compensation is the insurer, and the party that accepts loss compensation is the policyholder or the insured.

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3. Economical Insurance is an economic protection activity realized through insurance compensation or benefits.

The property and personal life of the objects of its protection belong directly or indirectly to the two major economic factors of production and labor in social reproduction; most of the means to realize the protection must ultimately take the form of compensation or payment in the form of payment propensity; the fundamental purpose of its protection is

Whether from a macro perspective or a micro perspective, it is related to social and economic development.

4. Commodity Insurance embodies an economic relationship of exchange of consideration, that is, a commodity economic relationship.

This commodity economic relationship directly manifests as the exchange relationship between individual insurers and individual people; indirectly manifests as the exchange relationship between all insurers and all policyholders within a certain period of time, that is, the insurer sells insurance products and the policyholders purchase insurance.

The relationship between products; specifically, the insurance company provides insurance compensation or benefits to ensure the normal progress of social production and the stability of people's lives.

5. Scientific Insurance is a scientific measure to deal with risks.

Current insurance operations are based on scientific mathematical theories such as probability theory and the law of large numbers. The determination of insurance premiums and the deposit and withdrawal of insurance reserves are all based on scientific mathematical calculations.