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Classification of life insurance

Many life insurance policies issued by insurance companies can be categorized into several types. Here we will introduce the types of life insurance (main contract) and types of special contract.

Riders that supplement death protection:

There are several types of special treaties so I will introduce them here. As a special agreement to supplement death protection, there are periodic insurance special contract, income security special contract, periodic insurance rider with life support benefit , and so on. The periodic insurance special contract adds warranty at the time when it is important to prepare for death protection, and the income security special contract is a thing that can receive the death benefit by pension, the periodic insurance rider with living benefit survives for a certain period It will be a special treaty to receive survival benefit for each.

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Special provision for death and disability due to accident:

This type of rider has disaster premium rider and accident rider. In case of disaster surcharge special death , you will die due to an accident accident, statutory or designated epidemic disease etc, or death benefit will be paid in addition to advanced disability. It is a special agreement that can receive injury benefit depending on degree of injurious condition such as blindness in injury special contract.

Special provisions for hospitalization and treatment for diseases and injuries:

This type of special contract has special agreements such as sickness hospitalization special contract, disaster hospitalization special contract, long term hospitalization special contract, hospital special contract etc. Disease hospitalization special contract is a special agreement that can receive benefits when hospitalized due to illness and in the case of disaster hospitalization special contract is a special agreement that can receive benefits when hospitalized due to accident or disaster injury.

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