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ИД «Финансы и кредит»






Finance and Credit

Approaches to life insurance definition and its classification: problems of theory and practice

Vol. 20, Iss. 28, JULY 2014

Available online: 21 July 2014

Subject Heading: Insurance

JEL Classification: 

Pages: 56-62

Prokop’eva E.L. Khakassia Technical Institute, Branch of Siberian Federal University, Abakan, Russian Federation

The article highlights research of personal insurance categories, in particular, life insurance concepts and classification used in the Russian and foreign companies practice of insurance activity. The article analyzes statistical data. The author reveals contradictions and discrepancies in a legal base and insurance theory, notes the problems which arise in this context. The paper proposes an alternative classification of personal insurance where the clarified concept and place of life insurance.

Keywords: insurance market, personal insurance, life insurance, accumulative insurance, pension insurance, risk insurance, investment insurance, credit insurance, multiple coverage


  1. Arkhipov A.P., Gomellia V.G., Tulenty D.S. Strakhovanie. Sovremennyi kurs [Insurance. Modern course]. Moscow, Finansy i statistika Publ., 2014, 448 p.
  2. Materials of media and information group “Insurance Today (MIG)”. Available at: Link. (In Russ.)

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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Vol. 30, Iss. 3
March 2024