Public Insurance

Posts Tagged ‘General Insurance Tips’

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.
Read the rest of this entry »

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 »

From the social side, the benefits of insurance to the insurance are also very large. By helping people confront and manage risk effectively, insurers give a great contribution to our lives. Insurance enhance existing standards by giving emphasis to factors which may cause insecurity. According to the Association of British insurers, insurance provides five strategic advantage indirectly (indirectly) to the community, namely: a) freedom from things that can damage the structure of assets and liabilities of an individual or business; b) security in the home and workplace from the threat of accident , robbery, fire and natural hazards; c) Health is better than the additional investment in medical costs and an emphasis on rehabilitation; d) wealth by supporting the spirit of entrepreneurs, innovation and risk taking, e) flexibility with the individual’s suitability to the conditions and produce economic and social life that is not too dependent on government action.

Insurance that is freeing does not mean that we can do anything even violates the contract agreement with the insurance though. We still have to comply with the contract of insurance premium payments, covenants and restrictions that apply. Give freedom in this context means that the insurance helped us to achieve our goals by transforming the chaos that might occur to the risks can be managed.
Read the rest of this entry »

In addition to distribution channels, product innovation, the growth of the life insurance industry, according to some literature can be maintained if we are able to capitalize the following three things: (1) the potential of Islamic insurance, (2) utilization of information technology (IT), and (3) proficiency in asset management and liability insurance industry.

First, there is an insurance scheme which has the potential to catalyze the growth of life insurance in Indonesia, the Islamic-based insurance. As the largest Muslim populated country in the world, the insurance industry in Indonesia has a huge opportunity to provide a range of insurance products to middle-class society.

The number of people in this class continued to experience growth driven by solid growth in gross domestic national product. Realistically, we can expect that the percentage growth of Islamic-oriented insurance will skyrocket beyond the growth in unit-linked life insurance products and traditional insurance, at least in the past five years to come.
Read the rest of this entry »