What is a Vanishing Premium Policy?

Policy insurance refers to insurance that is administered by the government as a general policy of commercial insurance for the purpose of a particular policy.

Policy insurance

Right!

Policy insurance means that the government

For example, plantation insurance to assist agriculture, animal husbandry and fisheries to increase production and income;

Types of policy insurance include

1. The law stipulates that compulsory public insurance or compulsory insurance companies shall not refuse insurance.

2. The business shall be undertaken by a general commercial insurance company or a government-specific agency.

3. Policy insurance is still a private law contract relationship, and relevant rights and obligations should still apply the provisions of private law.

4. Some insurances already have independent accounts, and the insurer must operate in a dedicated way, without profit or loss.

5. It still takes the insurer's intention to enter into a contract as an element for the contract to take effect.

6. In order to achieve certain public welfare policies, insurance companies have the right to subrogate the insured.

7. It has a policy purpose of strong social security.

8. Government subsidy This type of insurance premium is one of the driving methods.