Some Insurance Benefits You Need to Know

 

Insurance benefits are important before deciding to use them. Moreover, understanding of insurance in Indonesia is still low. This can be seen from the number of people's participation in insurance is still minimal or not so much demand. Insurance in general or specifically has many functions and advantages from various points of view, as follows.

Help Investment

When an entrepreneur wants to get credit from a bank, he is required to have an insurance policy as a mandatory requirement according to banking rules. In education savings insurance or life insurance plus investment, it is very clear that insurance can help make investments, very useful for urgent needs to send children to school, for example, considering that insurance benefits will be added to investment returns.

Providing Financial Peace

Life insurance can make you calmer in realizing plans. In essence, you don't have to think about the fate of your family or the continuation of your child's education if you as the Insured are disabled so you can't continue working or die. Because the Sum Insured from life insurance can be used by the family to pay for these needs.

Savings for Retirement

Life insurance is not only about protecting against the risk of someone's death. In addition, life insurance can be a fund that can be used for retirement. That scenario can happen if you are still alive to the maturity of life insurance. As a result, the Sum Insured from life insurance can be yours (depending on the type of life insurance taken).

Manage Finance

Buying insurance means a family or company must do a budget to pay insurance premium bills for a certain period. Individuals or companies must manage income carefully to pay off premiums on time.

Insurance as an Effort to Minimize Risk

When the risk occurs and the longer it tends to get bigger, the insurance company with its various schemes tries to contain the risk of loss to a certain limit/level. It should be noted that eliminating risks is a difficult thing to do, but with existing insurance, risks can be eliminated to the lowest point.

Giving Indemnity To

The insurer is the party who provides/pays compensation to the policyholder or the insured, according to the insurance policy as an agreement that has been agreed upon by both parties, namely between the insurer and the insured.

Insurance Provides Protection

Against Loss of Family Income or Loss of Family Heads Who Have Income. To anticipate the possibility of losing the income of the head of the family who provides a living for the family, then one solution is to buy life insurance.

Relieve Medical Expenses

Insurance provides benefits when the insured experiences a certain disease so that he has to pay very expensive medical expenses and hospital care. Therefore, health insurance is one solution that can be considered.

Support Performance

Insurance can make performance more optimal because it has been protected and guaranteed by the insurance company. Therefore, workers become more enthusiastic and produce high levels of productivity, which can increase income.