What does the five risks refer to?

Five major risks from two perspectives, one is the five major risks of social security and the other is the five major risks of commercial insurance.

Among them, the five major insurances in social security refer to endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance, as follows:

1. Endowment insurance: It is an important part of the social security system and one of the five most important social insurances. After the insured reaches retirement age, he can receive a pension every month.

2. Medical insurance: When the insured goes to a medical institution for medical treatment, he shall be reimbursed according to the provisions of medical insurance in social insurance.

3. Unemployment insurance: a social insurance project that provides basic living security for the unemployed.

4. Work-related injury insurance: refers to a social insurance system in which employees receive economic compensation and material assistance according to law for work-related injuries, illness, disability and death.

5. Maternity insurance: When women who have participated in maternity insurance temporarily stop working due to maternity, they will be given timely living security and material assistance, that is, maternity leave and maternity allowance.

The five major risks in commercial insurance refer to accident insurance, critical illness insurance, medical insurance, life insurance and annuity insurance.

1, accident insurance

The protection of accidental death and disability also includes the responsibility of accidental medical insurance, which pays for accidental insurance accidents, with low health requirements, low premium, wide coverage age and many insurable people.

2. critical illness insurance

Protecting serious illness is a kind of insurance with fixed payment. Generally, it will be paid immediately after diagnosis. For example, if cancer meets the contract, it will be paid according to the insurance contract. There is no provision for the use of claims, which can be used for medical treatment or as compensation for income loss.

3. Medical insurance

Solve the medical expenses reimbursement. When seeing a doctor, it is reimbursed according to the actual medical expenses, effectively supplementing social security. According to different product types, medical insurance can be divided into micro-medical insurance and millions of medical insurance. Among them, the coverage of one million medical insurance is one million, but there will be 1 10,000 deductible; Micro-medical insurance coverage is not high, but the deductible is low or even zero.

4. Life insurance

Life insurance with the life of the insured as the subject matter and the life or death of the insured as the payment condition, such as term life insurance and whole life insurance, and there are two types in whole life insurance: whole life insurance with fixed amount and whole life insurance with increased amount.

5. Annuity insurance

Annuity insurance is to pay the insurance premium according to the agreed time limit, on the condition that the insured is alive, and pay the insurance premium annually or monthly until the insured dies or the insurance contract expires.