Category: Life Insurance

Insurance is a form of risk control that is carried out by transferring risk from one party to another, in this case an insurance company.

What is the meaning of insurance?

Insurance or coverage is an agreement whereby an insurer binds himself to an insured, by receiving a premium, for compensation to him due to a damage or loss of expected profit which he may suffer due to an uncertain event “. Another definition of insurance is a transfer of risk from the first party to another. In delegation, the rule of law and universal principles and teachings adhered to by the first party and other parties apply. From an economic point of view, insurance means a collection of funds that can be used to cover or compensate people who suffer a loss.

What are the benefits of insurance?

Besides being a form of risk control (financially), insurance also has various benefits which are classified into: main function, secondary function and additional function. The main function of insurance is to transfer risk, raise funds and balance premiums. The secondary function of insurance is to stimulate business growth, prevent losses, control losses, have social benefits and serve as savings. While the additional function of insurance is as an investment fund and invisible earnings.

What is the meaning of Risk?

Insurance or coverage is an agreement whereby an insurer binds himself to an insured person, by receiving a premium, for compensation to him due to a damage or loss of expected benefits … Read More

There are many types of insurance that have been commonly offered to the public. Insurance is a service that can offer compensation for the risk of loss that may occur due to unforeseen events. The insurance company will provide financial compensation to insurance customers for various events or risks that occur in the future, such as death, loss, damage, illness and others that occur to the customer’s property, life and health. This type of insurance itself is divided into several insured subjects. Insurance itself can guarantee and protect a certain object. Choosing various types of insurance will have long-term benefits that are profitable. The type of insurance itself can be selected as needed. This insurance is usually offered by many public and private insurance services.

1.Life Insurance

The first type of insurance that is commonly offered is life insurance. Life insurance itself is insurance that will later provide protection for someone’s life. Life insurance products will provide compensation benefits if something happens that causes the death of the insurance policy owner. Life insurance benefits will also be provided when a person is unable to earn a living or is too old.

2.Accident Insurance

The next type of insurance that is commonly offered is accident insurance. This accident insurance is insurance that provides compensation benefits if someone has an accident. If in general life insurance only provides compensation for death, accident insurance will provide benefits for disability or medical care caused by an accident. Accident insurance is usually used by companies … Read More

Insurance is an agreement in which the insurance company is willing to bear the losses suffered by the customer if something happens, such as death, accident, or falling ill. As a condition, the customer must pay a premium first. Basically, the insurance benefit is a safeguard in the future. In addition, there are many other insurance benefits. Unfortunately, many Indonesians do not have insurance for various reasons, including not understanding, not being interested, to not understanding the benefits of insurance. Therefore, this time Tokopedia will explore more about insurance benefits and benefits.

Benefits of Having Insurance

Sense of secure

The most basic insurance benefit is that it gives you a sense of security. If you have registered with accident, death, or health insurance, you will feel safer if these unwanted events occur. Why? Because you don’t have to think about how to bear the losses or payments needed. Everything will be borne by the insurance company.

Efficient Fund Management

It is recommended that every family or individual has an unexpected fund to use in times of emergency. The post of these funds may be divided again, starting from the unexpected health fund, the unexpected education fund, the unexpected death / accident fund, and so on. The function of insurance at times like this is to be a back-up for such unexpected funds. By registering for insurance, you don’t have to bother managing the flow of money in and out of these unexpected fund posts. Everything has been arranged by the … Read More