Chinese word

商业保险

Pronunciation

Pinyinshāng yè bǎo xiǎn

Meaning

  • nounprivate insurance

Example

我给父母买了商业保险。wǒ gěi fù mǔ mǎi le shāng yè báo xiǎn

I bought private insurance for my parents.

Illustration for 商业保险 (private insurance)

More examples

很多家庭会为孩子或老人购买商业保险。hěn duō jiā tíng huì wèi hái zi huò lǎo rén gòu mǎi shāng yè báo xiǎn

Many families buy private insurance for their children or older people.

Core concept

A financial safety net created by paying an insurer to cover named losses or events.

Common phrases

  • 给父母买商业保险gěi fù mǔ mǎi shāng yè báo xiǎn

    buy private insurance for one's parents

  • 为自己投保商业保险wèi zì jǐ tóu bǎo shāng yè báo xiǎn

    buy private insurance for oneself

  • 投保商业保险tóu bǎo shāng yè báo xiǎn

    take out private insurance

Similar words

商业险shāng yè xiǎn: An informal shorter name for insurance bought from a commercial provider.
保险báo xiǎn: A system or product that promises money for covered damage, illness, or other risks.
社会保险shè huì báo xiǎn: State or employer programs that provide public coverage for pensions, health care, and related needs.
医疗保险yī liáo báo xiǎn: Health coverage that helps cover the costs of illness, medical care, or treatment.

Definition in Chinese

商业保险是由市场上的保险公司提供的、有偿的合同性保障服务，投保人按约交纳保费，发生合同约定的事故时由保险人给付保额或赔偿，常见种类包括医疗险、寿险、财产险等。shāng yè báo xiǎn shì yóu shì chǎng shàng de báo xiǎn gōng sī tí gōng de yǒu cháng de hé tóng xìng bǎo zhàng fú wù tóu bǎo rén àn yuē jiāo nà bǎo fèi fā shēng hé tóng yuē dìng de shì gù shí yóu báo xiǎn rén jǐ fù bǎo é huò péi cháng cháng jiàn zhǒng lèi bāo kuò yī liáo xiǎn shòu xiǎn cái chán xiǎn děng

Word origin

商业 (shāngyè, "commerce") marks a market service, while 保险 (bǎoxiǎn, "insurance") names protection arranged by contract, so the compound points to coverage purchased from an insurance company.

Usage tips

  • English speakers may hear private insurance as simply the opposite of public insurance, but this term mainly identifies coverage sold by a commercial insurer; the policy type depends on context.

Opposites

  • 社会保险shè huì báo xiǎnsocial insurancenoun

Related words

  • 商业保险公司shāng yè báo xiǎn gōng sīprivate insurance companynoun
  • 商业保险费shāng yè báo xiǎn fèiprivate insurance premiumnoun

Word lists with this word