The difference between health insurance and life insurance

 

1. The insurance subject is inconsistent. Health insurance is based on the body of the insured, while life insurance is based on the life of the insured. Life insurance is based on the livelihood or death of the insured. Life insurance is a type of insurance.

2. The contents are inconsistent. Health insurance in Pakistan generally includes medical insurance, disease insurance, Employee Insurance, and durable care insurance. Life insurance includes life insurance, death insurance, and split insurance. For example, our common term life insurance, whole life insurance, and annuity insurance are all life insurance.

3. The scope of protection is different. The insurance disturbance of health insurance refers to illness, accidental injury, etc. There are many kinds of diseases, and there are many different types of health insurance, which can be combined with various diseases and age levels. Therefore, the types of insurance. There are also more. However, the insurance types of general life insurance are only a combination of livelihood and death benefits, and there are few types of insurance.

4. If the insurance period is different, the health insurance related to medical expenses is generally short-term insurance. The profit and loss can be settled once a year, and the rate can be adjusted in the second year. Therefore, for the operation of insurance companies, it does not constitute a durable risk pressure. In general life insurance, due to other factors such as the adjustment of bank interest calculation, it is more difficult to predict and control the risk of certain years.

In fact, a large number of insurance products in the market now choose the method of combining health insurance and life insurance. Please pay more attention to the insurance items when purchasing insurance. Make sure you know what kind of insurance you need to buy. If it is based on your own body medical treatment, then it is recommended to purchase medical insurance as well.