Abstract

From the beginning, human society has an insurance awareness to deal with disasters and an insurance concept to accumulate wealth. In the spring and Autumn Period, Confucius’ thought of “spelling more than one” is quite representative. As an important element in the insurance industry, life insurance can effectively help people transfer risks, accumulate wealth, and plan life finances. The development of the life insurance industry and the improvement of its competitiveness are of great value to my country’s insurance industry. With the rapid growth of the Chinese economy since the reform and opening up, the life insurance industry has also maintained a rapid development trend. However, compared with overseas markets, my country’s life insurance industry still faces many constraints and development problems.

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