商务英语阅读下册unit 9.pptx

Unit Nine Teaching Objectives了解保险的定义和主要分类了解中国保险业现状掌握有关保险的术语Teaching Emphasesinsurance policypremiuminsurance coverageinsurable interestsubject matterContent Text Fast Reading IFast Reading II TEXT General Introduction to Insurance Pre-reading questions1. How is insurance related to each individual?2. What is the status quo of insurance industry in China?UPPREV.NEXT Insurance is defined as a promise of compensation for specific potential future losses in exchange for a periodic payment. The goal of insurance is to protect the financial well-being of an individual, company or other entity in the case of unexpected loss from death, accidents, sicknesses, damage to property, and injury caused to others. . The insured and the insurer create a contract by agreeing to the terms of an insurance policy. This contract is called a policy and the purchaser of the insurance is called a policy holder, also called the owner of the insurance policy. Insurance premium is a sum of money ascertained according to the value of the property insured and the scope of the insurance coverage desired. In exchange for payments from the insured, the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Coverage is another word for insurance. Insurers use the term coverage to mean either the currency amounts of insurance purchased (e.g. $20, 000 of liability coverage) or the type of loss covered (e.g. coverage of theft). One important point is that the client must have an insurable interest. An insurance contract is legally binding only if the insured has an interest in the subject matter of the insurance and this interest is in fact insurable. In most cases, an insurable interest exists only if the insured would suffer a financial loss in the event of damage to, or destruction of, the subject matter of the insurance. The insurance ind