摘要：Apart from classic life insurance contracts, new types of contracts, such as investment based life insurance contracts, have been developed by insurance companies as a response to the needs of the more sophisticated policy holders. These contracts present a combination of life insurance and various forms of investment of life insurance premiums. Investment based life insurance is a special type of life insurance in which a classic life insurance contract includes investing money in investment funds. This type of insurance provides policy holders a more active role in life insurance by choosing the fund in which the insurer is to invest the premium on their account. Policy holders also bear the risk of investing the premium and participate in the development of the value of securities. Despite the fact that the investment based life insurance contract is a complex insurance contract featuring characteristics of a mandate contract and of a indirect representation contract, it preserves a number of features of a classic legal transaction from the domain of the law of obligations.
关键词：classic life insurance; investment based life insurance; features of the investment based life insurance contract from the domain of the law of obligations; rights and obligations of contracting parties
