Understanding Insurance and Benefits Following Insurance
Understanding Insurance and Benefits Following Insurance - Hello friend sopintar.blogspot.com SCIENCE & NEWS, In the article that you read this time with the title Understanding Insurance and Benefits Following Insurance, we have prepared this article well for you to read and retrieve information in it. hopefully fill in the post
Artikel INSURANCE, what we write can you understand. OK, happy reading.
link : Understanding Insurance and Benefits Following Insurance
link : Understanding Insurance and Benefits Following Insurance
Understanding Insurance and Benefits Following Insurance - Understanding insurance when viewed from the origin he said, namely from English insurance, then the definition of insurance is the coverage. According to Indonesia Dictionary, the definition of insurance is a coverage or agreement between two parties. The first party is obliged to pay the dues, while the second party is obliged to provide full guarantee to the dues payer in case something happens to themselves or the property of the first party in accordance with the agreement made.
 |
| Understanding Insurance and Benefits Following Insurance |
Based on the definition of insurance, there are many things that can be insured. Ranging from goods and services, human health, legal liability, life, and other interests that can be lost, damaged, lost, or reduced in value.
TERMS IN INSURANCE OF INSURANCE
In terms of insurance, there are some terms that are often confusing for new people in the insurance world. The following are terms in the definition of insurance that is important to be known by the users of insurance in order not to experience difficulties when transacting and make claims on insurance that followed.
1. Insurance Policy
An insurance policy is a letter of agreement containing an insurance agreement between the insurer and the policyholder. In terms of insurance, everything written in the insurance policy must be considered and understood by both parties carefully. An insurance policy in the sense of this insurance that will be used as a basis in the transaction and insurance claims.
2. Applicant (Applicant)
Applicant or applicant is the person who applied for an insurance. When the insurance filed by the applicant has been approved, then according to the definition of insurance the status of the applicant will change to the policyholder.
3. Policyholder (Policy Owner)
As explained in the previous point, the policyholder in terms of insurance is a previously approved insurance policy holder.
4. Insured (Insured)
The insured is the person who becomes the object of insurance coverage. Simply put, according to the definition of insurance, the insured is the insured person by an insurance agency if something happens to the person.
5. Recipient of Sum Insured (Beneficiary)
The recipient of Sum Insured or beneficiary according to the definition of insurance is one or several persons appointed to receive the sum insured when something happens to the insured. Normally, a person who becomes a beneficiary is a child or close family of the insured.
6. Sum Insured
Sum Insured under the definition of insurance is the value of money listed in the insurance policy to be paid by the insurer to the holder. In other words, the sum insured is a "compensation" to be paid when something happens to the insured.
7. Premium
Insurance premiums according to the definition of insurance is the amount of money that must be paid by the insured during the insurance. The amount of this money has been stated in the insurance policy and has been agreed by both parties to be paid.
8. Cash Value
The cash value according to the definition of insurance is the amount of money that must be paid to the policyholder if the policy is canceled before the insurance ends or when the insured dies. Just like the premium and the sum insured, the cash value has also been included in the insurance policy approved by both parties.
9. Insurable Interest
Insurable interest according to the definition of insurance is a relationship that exists between the insured and the object insured by the insurance agency. Insurable interest in terms of insurance concerning things that have the potential to cause danger that can cause financial losses for the insured.
 |
| Understanding Insurance and Benefits Following Insurance |
INSURANCE BENEFITS
Someone followed the insurance course because there are benefits that will be received. Actually, insurance in terms of insurance has a lot of benefits, ranging from the benefits of general or general and also more special benefits. In general, all insurance under the terms of insurance can provide benefits that can be felt by all its customers. In particular, insurance in the sense of insurance can provide benefits that can only be felt if we follow certain types of insurance. For example someone who chooses to follow health insurance will certainly feel the benefits are different from people who follow home fire insurance.
The following are general insurance benefits in terms of insurance that can be obtained by people who follow the insurance:
1. Giving Sense of Safety
Can not be denied, the insurance provided by the insurance will provide a sense of security for the people who follow it. According to the notion of insurance, the various risks in life can certainly give a sense of worry to everyone. Insurance can reduce the fears because the risks that can occur can be borne financially. According to the definition of insurance, the feeling of security can make us feel more calm and more concentrated in the activity and develop themselves.
2. Provide Certainty
Almost the same as the previous benefits, according to the definition of insurance, an insurance can provide certainty of the various uncertainties that occur in life. With these benefits, we can predict the various risks that may occur and convert them in financial value. So that if one day there is upheaval, all the losses that we experience can be borne by the insurance.
3. Place of Savings and Investment
Nowadays insurance does not only serve to compensate, but also can be a means to save and invest. According to the definition of insurance, the amount of funds insured has a cash value that can be taken back at a certain time. This type of insurance is known as whole life or endowment. Meanwhile, in terms of insurance there is also insurance which is combined into investment, namely insurance called unitlink.
This is the article Understanding Insurance and Benefits Following Insurance
So many articles Understanding Insurance and Benefits Following Insurance this time, hopefully it can benefit you all. OK, see you in another article.