The insurance coverage rate is the ratio of the actual number of people insured to the number of people who should be insured.

The policyholder enters into an insurance contract with the insurer (usually an insurance company) and pays the insurance premium in accordance with the insurance contract.

The policy holder, also called the insured, is the person who enters into an insurance contract with the insurer and is obligated to pay the insurance premium in accordance with the insurance contract.

Both natural persons and legal persons can become policyholders.

The conditions for becoming an insured are: having corresponding civil rights capacity and behavioral capacity; having an insurable interest in the subject matter of the insurance.

Extended information: Common misunderstandings about insurance: 1. The more types of insurance you buy, the more comprehensive protection you will enjoy. Although there are many types of insurance, you still have to act according to your ability when purchasing. The more complete the insurance, the better.

Choose the breed you need based on your career, age, family structure, physical condition, and financial ability.

The advice given by experts is that the expenditure on insured projects should not exceed 10% of income.

2. Children are the future, so just insure them. Spending on children accounts for a relatively large part of each family's total expenditure.

Including daily food and clothing, as well as children's education.

Some parents set up education funds for their children from a very early age, but ignore that they are the backbone of the entire family.

Once the power to generate income for a family weakens or even disappears, the impact on the family will be great.

3. The more you buy, the more you will lose. In today's increasingly fierce competition in the market economy, product homogeneity is becoming more and more serious.

The principles of claim settlement are different for different types of insurance.

Before applying for insurance, you must first understand the insurance company's claims settlement principles, claims settlement channels, and claim settlement amounts, so that you can get the expected compensation in the event of an accident.