Does Huzhou South Taihu Insurance belong to the state?

Huzhou South Taihu Insurance belongs to the state.

Introduction of Huzhou South Taihu Insurance;

Huzhou South Taihu Health Insurance is jointly underwritten by PICC P&C Insurance, China Life Insurance, Pacific Life Insurance, Ping An Pension and Pacific Property Insurance, and is also under the guidance of government departments.

It can guarantee the hospitalization medical expenses in medical insurance, including 530 kinds of self-funded medical expenses and 20 kinds of high medical expenses in designated hospitals, but the coverage content has deductibles, so the deductible needs to be borne by the insured himself. The reimbursement rate of Huzhou South Taihu Health Insurance is not very high, only 50% can be reimbursed.

Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.

From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life.