The definition of commercial insurance:
Commercial insurance refers to the form of for-profit insurance operated by professional insurance enterprises through the conclusion of insurance contracts. 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 shall be liable for the property losses caused by the possible accidents agreed in the contract, or the death, disability, illness or reaching the agreed age and time limit of the insured. The so-called social insurance refers to a social security system that forms a social insurance fund by collecting insurance premiums to provide basic living security for members who lose their working ability or job opportunities due to old age, illness, maternity, disability, death and unemployment.
The definition of life insurance:
Life insurance is an insurance with life and body as the subject matter. When people suffer unfortunate accidents or lose their ability to work, become disabled, die or retire in old age due to illness or old age, according to the insurance contract, the insurer pays insurance money or annuity to the insured or beneficiary to solve their financial difficulties caused by illness, disability, old age and death.
Definition of comprehensive accident insurance:
Comprehensive accident insurance means that the insured pays the insurance premium to the insurer according to the contract, and the insurer is liable for the property losses caused by the possible accidents agreed in the contract. It is like an invisible umbrella, which is a kind of compensatory protection after the injury caused by unexpected force majeure factors. There are many types of insurance, among which "three insurances" and "five insurances" are popular, but for special work and special events, people will choose accident insurance for sudden and force majeure factors.