What Does a Life Underwriter Do?

Life insurance is a type of life insurance. Life insurance is based on the life of the insured, and is based on the life or death of the insured. As with all insurance business, the insured passes the risk on to the insurer, accepts the terms of the insurer and pays the premium. Unlike other insurances, life insurance passes on the risk of survival or death of the insured.

[rén shòu bo xin]

Life insurance is

When an insured accident occurs in the life of the insured, it shall be paid by the insurer

There are four types of people in the legal sense in life insurance transactions:

Looking ahead, the development prospects of the insurance industry are attractive. Its main motivations include: a large population size, a faster aging trend, and a higher savings rate; sustained economic development and rising incomes of residents; strong support for policies and regulations; awareness of risk protection Fundamentally strengthened; the collapse of the life-long welfare system; and the investment environment has improved significantly.

In 2005, China's life insurance premiums accounted for an absolute share of 89%.

Life insurance can be divided into risk-protected life insurance and investment wealth management life insurance ^[5]

I. Qualifications of Insured and Insured

1.Eligibility of the insured

Applicants who meet the following conditions at the same time

have

"Notice on Issuing Actuarial Regulations for Investment-linked Insurance Universal Insurance"

Life insurance companies, pension insurance companies, health insurance companies:

In order to protect the interests of the insured and regulate the development of investment-linked insurance and universal insurance business, I will revise the actuarial requirements for investment-linked insurance and universal insurance. I will now issue it to you and notify you of the following requirements:

1. The "Actuarial Regulations on Investment-linked Insurance" and "Universal Insurance Actuarial Regulations" (hereinafter referred to as "these Regulations") attached to this notice shall be implemented as of the date of issuance.

2. From the date of implementation of these regulations, the Notice on Printing and Distributing Actuarial Provisions for New Types of Life Insurance Products (Bao Jian Fa [2003] No. 67), Actuarial Provisions for Personal Investment Linked Insurance, Actuarial Provisions for Personal Universal Insurance (Hereinafter referred to as "original regulations").

3. From the date of the implementation of these regulations, companies shall file investment-linked insurance products and universal insurance products in accordance with the requirements of these regulations.

Prior to October 1, 2007, the investment-linked insurance products and universal insurance products filed by various companies in accordance with the original regulations could continue to be sold and the relevant requirements of the original regulations could be implemented. After October 1, 2007, investment-linked insurance business shall conduct investment account evaluation, investment unit pricing and withdrawal of liability reserves in accordance with the relevant requirements of these regulations; universal insurance business shall establish universal accounts, determine settlement interest rates and withdraw liabilities in accordance with the relevant requirements of these regulations. Reserve. After October 1, 2007, investment-linked insurance products and universal insurance products that do not meet these requirements shall not be sold. ^[6]