Public Insurance

Posts Tagged ‘Family Insurance’

In the Traditional Insurance, divided several types of insurance, this insurance usually have long been used by consumers.

Traditional insurance consists of:
1. TERM
2. Wholelife
3. Endowment

TERM

- You never know about or Motor Car Insurance? Or maybe health insurance? That type of term insurance is usually purchased by many people, because the premium payment is cheap and getting great benefits. In other words, pay less, failure by many, but if that year is not used for insurance claims and does not occur, then the money we deposited will be scorched. From these facts, we can see, there is no savings element in this type of insurance, so call us to buy our security guarantee within a year or a specific term. We all pay the same as travel insurance, flight time will be charged a sum of money, after getting off the plane safely, the contract is completed. Because of the premium payment period is not specified, and then every year, the premiums will increase with increasing age of the insured.
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Insurance Non-Traditional or modern insurance is usually called, is a type of insurance with UNIT-LINK. Unit Link Insurance is very popular at the moment, why? Because Unit-Link is a type of insurance that combines Life Insurance and Investment. Life insurance is mated with an investment, is the type TERM. Remember! TERM is a short-term insurance, and insurance costs could rise with age.

UNIT LINK = TERM + Investment

Most people take the Unit Link because he wanted to save money with the result many times, than to save money in the bank, with not much interest. By investing or MUTUAL FUNDS, then the money we invest will increase with fertility. But that must be remembered, the greater the profit, the greater the risk.

Investments may rise and may decline, according to the economic development of the nation at that time. In the event of a crisis, it can be ascertained the value of investments that we have dropped dramatically, and consequently the value of our savings will be deleted. Read the rest of this entry »

Although not as big as loss insurance, both in number and frequency, does not mean that insurance fraud in life insurance do not need to get serious attention. Based on data in Germany, the total claims paid in 1990 reached DM 56 billion. This amount is greater than the total claims paid by insurance losses of around DM 52 billion. Suppose insurance life insurance fraud in only 1% of total claims, with the assumption that most of the benefits paid in the form of maturity, which means large claims should not be paid is approximately DM 500 million.

However this is not fixed quantities. It is the obligation of the insurance industry to develop preventive measures in dealing with insurance fraud, especially to protect “the honest client against having to help pay for fraudsters”. In this case insurer and re-insurers are in the same position. Insurer Fraudster will immediately be faced with in the settlement of claims and the re-insurer will provide input by sharing information, experience, training, etc..
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