October 2017
Information, Tips, Tricks About Insurance
Look Before Buying Insurance

Imagine if a hard-earned home in installments over the years should be sold for medical expenses due to illness or accident.

Many insurance products are offered in the market. Protection is also diverse, from simple to comprehensive protection.

Careful in buying insurance products will provide many benefits!
Before deciding to insure and determine the insurance products that we will buy, understand and understand correctly about the terms, terms and obligations that are in the insurance clause. Rights and obligations of policyholders are the main ones and become the guidance for policyholders.

Finding information about the product to be purchased is a very important requirement related to the selection of insurance products to be purchased. The information can be viewed from the website of the insurance company or through the brochures available. Can also information we get from the Insurance Agent.

In general, there are two life insurance products:
1. Traditional Life Insurance. Traditional insurance provides benefits with a definite amount as it is in the policy and does not depend on investment performance.
2. Unit Link. Unit link insurance is associated with investment, providing investment benefits that depend on the performance of the type of investment fund chosen by the customer since the beginning of the insurance application.
Both can be added with other benefits, such as health protection, accidents and critical illness.

Some Tips on Reading Insurance Policy:
1. On the front page or policy summary:
- Insurance products purchased
- The amount of Sum Insured
- Insurance start date
- Duration of insurance period
- The amount of premium payments
- Name of the Insured
- Name of Policyholder

2. General policy terms:
- Rights and obligations as policyholder. Such as the obligation to pay premiums, sanctions due to late or unpaid premiums, as well as the right to obtain insurance benefits when the occurrence of insured risks.
- Rights and obligations of insurance companies as insurers. Such as the obligation of insurance companies to pay claims filed by policyholders or heirs.
- Grace period facility. Freedom is given to anticipate late payment of premiums. Policy whose premium has not been paid after the due date of payment until the limit of freedom will still be borne if there is a risk in that period. Duration of this free period 30 s / d 60 days.
- Chapter exceptions on general policy terms.

- Special provisions for products purchased. Some insurance products have special specifications that need to be poured in a special provision.
Information, Tips, Tricks About Insurance
Insurance For Beginners Workers

"Welcome to the real world." These comments are often asked to welcome the presence of new colleagues who are fresh graduates or beginners.

The world of work is challenging. Having succeeded in "outsmarting" other job seekers, it does not mean that a novice worker can enjoy his success. He still has to strategize and adapt to his new job, and equally important is to set up a strategy for investing (making good financial planning for the future).

Planning the future for someone is certainly not separated from financial planning, where the need for a good planning system for the needs of life in the future can be passed well.

"Hence, financial planning should be from young like a young fund, and the most ideal is to plan pension funds," said Financial Planner, Aidil Akbar, as reported by Sindonews.com.

According to Aidil, it took at least 10 to 15 years, as an ideal timeframe for preparing the pension fund. "The cost of living is increasingly expensive, what more young people want whatever the salary would run out, so if we have a good plan it will be systematic with investment," he explained.

Meanwhile, Aidil recommends that after receiving a salary, a person should at least set aside 30 percent for productive debt.

Aidil's productive debt is like House Ownership Loan (KPR) or property business, where the value of its assets is always increasing so it is expected to increase business capital in the future.

"Well, for the rest of 70 percent can be used by 50 percent for living expenses and 20 percent for insurance, because do not let us work too tired, it does not have protection," he concluded.

Indonesia is included in the ranks of countries with the largest population in the world. No wonder if the number of labor force was fairly large.

Central Bureau of Statistics (BPS) notes that there is improvement in terms of employment in the country. BPS data said the number of labor force in February 2013 has reached 121.2 million people or increased 780 thousand people compared with February last year. In contrast, the unemployment rate has decreased by as many as 440 thousand people.

The above data shows the positive thing that large workforce signifies the more productive age involved in advancing the country. However, on the other hand, this good news has not been matched by the awareness of novice workers to have an investment for a better future. Many are put off by reason of not finding effective ways of investing.

Insurance can be one wise, appropriate and attractive choice to start investing a novice worker in Indonesia. Because insurance can replace one's economic value while having protection plus investment. Moreover, according to data from the Association of Indonesian Life Insurance (AAJI) , the total number of national life insured in the second quarter of 2013 experienced a significant growth of 54.55%. So, arguably, this year is the ideal momentum to take insurance.

Especially if the insurance is purchased when a young worker beginner young. This is because in addition to the premium is still relatively cheap, insurance will provide maximum benefits not only for policyholders, but also to their loved ones.

However, as a novice worker, it is only natural that you encounter barriers to starting insurance, because of a lack of understanding of insurance benefits.

Related to that, Vice President Actuarial Department PT. Sequis Life Life Insurance - Wong Chung Chiat shares practical tips on choosing the right insurance, as follows:
Look at your needs and know the amount of funds you can invest in insurance.
Knowing the background of the desired insurance company, whether the financial strength of the insurance company and of course insurance companies must be reliable. Good insurance also if the advisors are reliable, trustworthy and have an official license from AAJI.

Inevitably, insurance becomes a very important thing in the planning of one's life. Having insurance as early as possible, when someone starts up the work world, it is highly recommended because the premium is lower. Choose an insurance program based on life stages and financial capabilities that certainly evolves with career development and finance.

Greetings & Success Always!
Information, Tips, Tricks About Insurance
Insurance Is Family Protection!

If your lifestyle thinking is limited to following the latest trends, you're wrong! Because you also have to think about the future, which is certainly unpredictable. Have you ever imagined that insurance can be an asset to maintain a lifestyle in the long term?

Insurance, heard the term alone some people may immediately shut down and think the person who was talked to is an insurance agent. Some people do seem "allergic" to talking about insurance. Let alone have the need for insurance, the definition of insurance is not fully understood.

Insurance awareness in Indonesian society is still relatively low. According to data from AAJI (Association of Indonesian Life Insurance) , the penetration of the insurance market in Indonesia in 2010 is about 4%.

Among ASEAN countries, insurance penetration in Indonesia is very low. Compare for example with Singapore has reached about 6%.

The question is, why the awareness of insured Indonesian people is very low, but there are many benefits that can be obtained from insurance?

Perception is the root of every thought process. Concerning the insurance problem, the perception that develops in the community is generally related to the hard-to-understand product, complicated claims process or negative experience with an insurance agent because it is too aggressive.

It makes people more afraid of insurance. Moreover, the benefits can not be immediately felt by the policyholder, but by the heirs. Yet if glimpsed further, today the term insurance is no longer a foreign thing. Ironically, the policyholders often do not understand in detail the products that have been purchased.

Based on experience, often policyholders still do not know the detail coverage they have, sum insured, even some also do not know how big the premium and do not tell the heirs.

In essence, many have already purchased an insurance policy, but do not know what is actually bought. If you have this, the loss is the holder of the polo itself. Have paid regular premiums every month, but due to ignorance and carelessness, can not take advantage of insurance with the maximum. Even if something happens to yourself, because of not informing the heirs about the policy, the heirs do not get the money (death benefit) a penny because the claim management was never done.

It's not a question of whether the person is educated or not. The problem is whether the purchase of the policy occurs because of the need or feel compelled, uncomfortable by the agent who offered it, or already tired of being chased by the insurance agent?

With still low penetration, the insurance market in Indonesia is huge. In the last 5 years, the public has shown tedensi to have insurance. Slowly but surely, having an insurance policy has become a part of the lifestyle and the more confident to design the future.

This may be driven by changes in phenomena that have occurred in recent years. Now we know the term "sandwich generation" , to describe the condition of the generation that is squeezed in the middle. Nurturing children and families themselves and still have to finance the lives of parents.

Automatically, the pinched generation must be more creative in managing finances so that every need remains fulfilled, without having to make lifestyles decline from the ordinary enjoyed.

The next question, if something happens to the breadwinner then what will happen to the family left behind?

We never know what will happen in the future. The short length of age is unpredictable. All that can be done is to prepare everything if the plan does not go as expected. Especially for the survival of the people who will be left behind.

Anticipation, not pessimistic. Anyway, there's something more widespread about the insurance that's involved in it, namely "the asurasnsi is about keeping your lifestyle and enjoying your life."

A mother of two who has recently lost her husband to cancer, is faced with the fact that the cost of treatment for months has to be paid off immediately. Given his enormous cost, he was forced to sell the house, drain the savings, and the debt remained unpaid. He kept trying to find a loan to and fro in order to pay the full cost of her husband's care. Not only lose the person he loves, he must also lose all material. If you have this, do not think to enjoy life, maintaining the standard of living as usual difficult.

Similarly the matter of children's education. It is common knowledge that the cost of education continues to increase every year, even beyond the rate of inflation. Although it has made predictions, if not precisely prepared with a detailed calculation, when needed when the child enters the lecture level, for example, it could be insufficient cost. As a result, in addition to having to find additional work, life must also be more efficient in order to enter children into quality schools.

Life does not always go according to expectations, desires and plans. The question is, when it happens, are you ready ???
Information, Tips, Tricks About Insurance
How Can Insurance Firms Survive

For those of you who do not understand and understand about how an insurance company can survive, below will the author explain briefly ...

At first, you may think that the insurance company is a strange company, because it runs its business from risk. Here the author describes the basic:
1. By utilizing the Law of the Large Number , which reads:
"The more risk is taken, the less risk that will occur."
If the insurance company covers the risk of a person's death, that means the likelihood of death in that person. Another case, if the insurance company cover the risk of death of 100 people at once in only one region. If there is a successive death in the area, then the insurance company will be bankrupt. It is on this basis that insurance companies are looking for a lot of clients in dispersed areas. The risk of a client's death is subsidized by another surviving client.

2. Insurance companies choose and sort the risks:
The insurance company will not cover the risk that is certain to happen or the risk is considered unsafe. Like you are out of the house when the cloudy do not carry an umbrella. If it's raining, you'll get wet. Insurance companies always anticipate the risk, how to make security first. In the event of rain and getting wet it, the insurance company will require you to carry an umbrella, you also have to wear raincoats, waterproof shoes and plastic gloves. Nahh ..., if you are still wet from the rain, at least it is not because of your negligence. In insurance terms, this claim process is commonly referred to as Underwriting process. While people who do underwriting called Underwriter .

3. Reinsurance:
If you are still wondering how an insurance company can provide valuable and multiple protection? It is possible because the insurance company has support behind it, namely the Reinsurance Company. Because insurance companies have capacity (ability) which   limited in accommodating many risks, then the excess risk is delegated to the reinsurance company.

Those are three reasons why an insurance company can survive, and which is why you trust your insurance company to protect you ...

Micro Insurance: Helping the Poor Facing Unexpected Events (Opinion)

Currently about one-third of Indonesia's population, or 77 million people, do not have reliable deposits if they get unexpected calamities. Imagine the consequences that occur when the breadwinner of a family dies, when a child from an incompetent family should be hospitalized, or when a family-owned crop is damaged by drought or flood. Such disasters threaten the continued existence of poor households, and usually make them mired in poverty and despair.
In that case 'microinsurance' can be a key helper for low-income families against unforeseen calamities, and prevent them from getting mired in poverty. Microinsurance is not a special kind of product or limited to certain types of service providers. This insurance provides an alternative risk transfer for low-income families and is offered in various forms: for example, to finance children's education if the backbone of the family's breadwinner dies; to finance the children's hospital; or to protect smallholders against the threat of crop failure due to drought or other extreme climatic events.

In Indonesia, the main market is informal sector workers, such as agricultural laborers with uncertain income. For farmers, traditional rural business models that rely on agents and / or branch offices will not work properly. Due to the huge potential available, insurance companies are now beginning to be interested in making products that meet the market's needs. However, the development of microinsurance in Indonesia still encounters several challenges.

Lack of knowledge on insurance in the community; the lack of variety of insurance products aimed at low-income communities; the view that insurance is only for the rich; and a lack of confidence due to the reputation of the insurance companies in Indonesia and the bad experience that befell them when dealing with insurance service providers in the past. While from the insurance service provider side, the contract is very complicated; payment of claims takes too long and is full of bureaucracy; and high transaction costs make insurance products too expensive for the poor.

In order to run well, microinsurance must be affordable and attractive to low-income households. Service providers should offer products with affordable, cost-effective distribution and simpler claim payment processes. Micro insurance products should also provide high levels of availability and flexibility. Mobile phones (mobile phones) can help the distribution of microinsurance to remote and rural areas. For example, a farmer in a remote area can pay a premium for drought insurance by using a special micro-insurance application available on his cell phone. Policyholders with uncertain cash flows can pay for additional premiums when they have more funds, and pay less when their financial condition is declining. Low value assets can also be insured for the short term; a patch of rice fields, for example, can be insured against drought during one harvest, which lasts for four months.

In addition to the above factors, micro insurance must also be adjusted to the conditions and domestic situation. Cooperation between the private and government sectors can produce a range of innovative products that meet demand. The World Bank in Indonesia is helping to develop this innovation by bringing together policy makers with insurance providers, and sharing knowledge and experience of micro insurance practices from various countries. Along with the availability of these micro insurance products, the community should be given information about the benefits of micro insurance products. At the same time, the skills of related institutions and potential suppliers of insurance products must also be strengthened, to create an enabling environment for microinsurance delivery. Indonesia will take a major step toward alleviating poverty, while encouraging the private sector and the economy as a whole.
When bad things happen to our lives, something inevitable, some of us rely on our savings or insurance policies. Microinsurance offers an opportunity for low-income families to survive when difficulties arrive, without providing additional financial burden.

Life Is Full Of Risk
Life is full of risks! Hearing the word risk, the first thing we will do is something unpleasant and should be avoided. However, some people think that risk is a challenge, because risk is not to be avoided but to be dealt with. Each has a different mind base and perspective.

The risk that I am referring here is more specifically to the financial losses that will arise. For example, a person who was critically ill by a doctor, had to go to hospital and hospital for so long. Nahh ..., how much does it cost to pay for the services of doctors, medicines and hospital care? To minimize that cost, then we switch to an insurance company ...

In this case we need insurance, a system of protection in the form of transfer of risk from the Insured to the Insurer for financial losses caused by 4 major enemies:
Died too fast, so the family finances were disrupted and their lives became a lot of trouble ...
Life is too long, when the necessities of life can not be stopped ...
Total and fixed disability, so it can not work and make money ...
Critical illness, must pay a huge cost ...

Thus we can reduce the financial burden and worry and fear to face the risk in the future ...
Information, Tips, Tricks About Insurance
Tips To Be a Professional Insurance Agent

"When you do good, others may suspect that there are bad intentions behind your good deeds, but keep doing good!" (Mother Theresa)

For so long, for years, the author has a negative impression on the Profession of Insurance Agents. That, because the author often feel annoyed, annoyed, even angry to the Insurance Agent!

So what???
As the author recalls, the Insurance Agent who once called, tried to meet or directly meet, the way they sell their insurance products or their recruiting model, invites to join the insurance company where they take shelter, done less or not good. They use a little force and force. Some others do it by "asking for pity" ...
Insurance Agent who like the picture above it is, the person!

After entering into the insurance business, understand and understand and explore the insurance, which the author got is the opposite. Insurance Agent is actually a noble profession that puts humanity forward. The main functions, duties and responsibilities and obligations are to provide customers with complete information, description and explanation of the need and amount of insurance benefits ...

If the profession is done in a good and right way, it certainly will not make potential customers become annoyed, angry or pity, just the opposite, not the prospective customers and customers have gained knowledge about insurance and understanding of the amount of insurance benefits. That's why the Professional Insurance Agent will get the phrase: "THANKS STILL."

Here, TIPS to become a Professional Insurance Agent:
- Land with love.
- Have a mental and a positive attitude.
- Master well insurance products.
- Honest and open with advantages and disadvantages of its insurance products.
- Understand properly the functions, duties and responsibilities and obligations.
- The main purpose and objective of meeting prospective customers is for their sake and for their needs.
- Present the benefits of the insurance completely.
- Be diligent in prayer.

As a noble profession and prioritizing humanity, should the potential customers and customers "love" Insurance Agent. Making prospective customers understand, understand and realize the importance and benefits of insurance, means to take the prospective customer to "the gateway of success" , will not have financial difficulties in the future ...

Improving the negative understanding of Insurance Professional Profession that already exist in our society and also give awareness to prospective customers about their needs and   the magnitude of the benefits of insurance, is not easy, that's the constraints as well as challenges that writers face in the field. Very interesting...

As a businessman, some important points that underlie the author finally plunge into the insurance industry are, as follows:
- It can actually be useful and help people who need it.
- It almost does not require capital.
- Will not lose.
- Flexible working time.
- Support system already exists.
- The management is professional.
- Be more self-actualizing.
- The opportunities are great and the business prospects are good.
- Had a chance to meet more people.
- Can be run in conjunction with other businesses that have previously been run.

The points above that is the reason the author entered into the insurance business. One more thing that according to the author is very important to run this business that is, success can only be achieved by forming and building a solid team.

Become successful by making others successful ...

For a better tomorrow!
Information, Tips, Tricks About Insurance
Types Of Insurance Life [Insurance Soul]

A protection system in the form of risk transfer from the Insured to the Insurer for financial losses caused by 4 major enemies:
1. Died too fast
2. Life is too long
3. Total and permanent disability
4. Critical illness

In general the benefits of Asurasni Soul are:
1. Income Protection
2. Education Fund
3. Pension fund
4. Emergency Fund

Traditional Life Insurance. Traditional insurance provides benefits with a definite amount as it is in the policy and does not depend on investment performance.

Unit Link. Unit link insurance is associated with investment, providing investment benefits that depend on the performance of the type of investment fund chosen by the customer since the beginning of the insurance application.

Both can be added with other benefits, such as health protection, accidents and critical illness.

Currently there are many insurance products offered by insurance companies in Indonesia, the insurance is no longer only offer life protection and education funds only (Traditional Insurance), but has penetrated into investment with its Unit Link products. Why is this Link Unit more attractive to the people of Indonesia? Because people do not want to insure traditional products that they consider not "profitable" . Traditional Insurance is considered to be binding on the customers. For example: if the insurance agreement for 10 years, then the customer must and must deposit for 10 years. If the customer does not deposit in accordance with the agreed time period, then the previously promised cash can not be cashed.

The advantages of Unit Link insurance products are the Cash Value of the investment return.
In the cash value terdaapat some things that must be understood and understood well and correctly by prospective customers, namely:
- Unit price
- Number of units
- Investment funds selected, and
- Total cash value which is a form of investment profit.

The development of cash value continues to increase from month to month and from year to year it can be used as a backup in making the program of children's education fund and old age pension. Cash value is a regular cash fund received by the customer and can be taken at any time, not as difficult as the Traditional Insurance program in the process of making funds.

There are several types of traditional life insurance, such as life insurance (whole life) with payment and lifetime protection period, term life insurance with premium payment period and limited protection (but some can be extended), and dual life insurance or benefit death and life benefits with a certain amount and are paid periodically, such as education insurance.

Here is a type of Life Insurance or a variety of Life Insurance products that are currently circulating in the people of Indonesia. Previously further, you need to know in advance what is the definition of insurance?
1. Term Life Insurance (Term)
The characteristic of this type of insurance lies in the maximum protection with a relatively low premium. Therefore, this type of product appeals to prospective insured who have large insurance needs, but the purchasing power is limited.
Which type of insurance is suitable for whom?
Prospective customers who are just starting a career.
Prospective customers who want to protect their child's future.

2. Life Insurance for Life (Whole life)
Characteristic of this type of insurance is the basic type of permanent life insurance that provides life insurance protection.
Which type of insurance is suitable for whom?
Prospective customers who want to have life protection as well as generate savings funds that can be used for emergency needs.
Prospective customers who need permanent income protection (critical illness or total disability) .
Prospective customers who want to get some investment capital increase.

3. Dwiguna Life Insurance (Endowment)
Characteristic of this type of insurance is the protection that provides the sum insured when the insured dies within a certain period, and at the same time provide the entire sum insured if he is still alive at the end of coverage. Because it gives two benefits at once, then this insurance is called dwiguna or unit link. This product is useful for prospective policyholders who want to be protected from financial impact due to early death.
Which type of insurance is suitable for whom?
Prospective customers who need funds for children's education.
Prospective customers who want to have some funds for future needs (buy a house / car) .
Prospective customers who want to have a pension fund.

Endowment Insurance is divided into 2 types, namely:
a) Life Insurance Single Link Unit ( Single Premium)
Characteristics of this type of Life Insurance Unit Link Single is a premium paid in full or lump sum. Usually a single premium is desired by prospective customers who want to invest long-term.
Which type of insurance is suitable for whom?
Prospective customers who like to invest long-term.
Prospective customers who have excess money and intend to increase his wealth.

b) Life Insurance Regular Link Unit ( Regular Premium)
Characteristics of a Unit Life Insurance This Regular Link is also a long-term investment, in which the policy is regulated the payment method, which is done regularly or regularly.
Which type of insurance is suitable for whom?
Prospective customers who prefer protection.
Prospective customers who like to invest and still want protection.
Prospective customers who are still working and want to set up savings.

From the above description, Traditional Insurance is generally known as Pure Life Insurance and Dwiguna. Pure life insurance, the benefit will be obtained by the Insured Heirs, while dwiguna, contains elements of savings and benefits can be obtained by the Policy Holder and or the Insured although there is no claim of death.
Some things to be considered in Traditional Insurance:
1) Sum Insured
For pure life insurance, Sum Assured far greater than the premium to be paid. While dual-life insurance, the sum assured is not so great, but has a definite return benefits and is listed in the policy.

2) Products and Investment Results
Because it is certain and listed in the policy, then the value of the benefits can be calculated. Investment Value is the premium received by the insurance company is invested, but the risk is borne by the insurance company, while the Policyholder has been pledged with certainty the value of cash benefits that will be obtained in the period that has been determined and agreed.

3). Investment Cost
Premiums that are routinely paid by customers, will certainly be managed by insurance companies. These costs have been estimated previously to determine the premium rate.

Unit Link Life Insurance is an insurance that provides a choice of investment benefits, or often also referred to as Unbundled Life insurance, namely Life Insurance which between the elements of protection and investment can be separated clearly.
For unit link products, the important thing to remember is the premium of this product is usually divided into two, namely insurance premiums and investments. Insurance premiums are allocated to finance life protection when the risk of death occurs, while the investment premium will be allocated as an investment that can be enjoyed whenever the investment returns are available.

Some things to watch out for in Link Unit Life Insurance:
1) Sum Insured
The sum assured is small, because most of the premium is allocated for investment. If there is a death claim, the Policy Holder's beneficiary only obtains Sum Insured plus the Unit Link Value. Thus, if the value of the investment has not developed, because it took insurance several years, then the heirs only get a small benefit.

2) Products and Investment Results Under the name of the same insurance product, the results can be different. This is due to the different investment options at the beginning of the contract.

3) Investment Value The value of an investment is not guaranteed (commonly called the value of the policy) by the Insurance Company, and the Policyholder must be aware of the rising risk of the price. If the Fund Manager has a good performance, the value of the Unit Link policy can be profitable because it generates high profits, even much higher than the savings of traditional insurance.

4) Investment Cost Under the condition of rising or falling value of Unit Link, there is always the cost of investment in the burden to the Policyholder. Rider products, such as hospitals, where hospital premiums are paid only for a certain period of time, but covered over, say up to the age of 60 years, in fact premiums to be paid, are only taken from the investment allocation. Unfortunately, some Insurance Company Agencies are less transparent in explaining to their Clients.

All insurance products have different purposes and objectives and benefits, depending on customers' needs. If the customer is young, 25-35 years old, who is more concerned with investment, then Unit Link product can be according to his wishes. Both in terms of protection of his soul for the long term, as well as value added from the investment. As for customers aged over 35 years, it is better to take traditional life insurance, where the sum insured is large since the policy approval, in proportion to the premium paid. This is to anticipate, if at any time there is a risk, either because of illness or because of other reasons.

Such is the general description of the type of life insurance. For that, please you choose life insurance products that match the needs and in accordance with your financial capabilities ...
Information, Tips, Tricks About Insurance
What is The Difference Saving in The Bank By Saving at The Insurance

Let us consider the difference in bank savings with the insurance company, namely:
1. The Bank shall not provide life protection to its savers / clients.
That is, by becoming a customer in a bank, if one day the customer dies, heir / family will only get a number of balances in the bank.
Another case if the customer saves in the insurance company, if the customer dies, then the heir / family will get a Sum Insured plus the return of the existing savings balance and the value of the investment.

I will explain further thus:
Saving at Bank:
Will end if the savers pass away and the heirs will only get some money according to the balance in savings. For example: a customer saving a new 10 months of Rp 10 million, then died, then the heirs will only get Rp 10 million plus interest.
Saving in Insurance Company:
The new customer saves 10 months of Rp 10 million, then dies, then the heirs will receive Life Insurance Sum Insured according to the policy (Rp 100 million, Rp 500 million or Rp 1 billion, depending on premium) PLUS cash value from savings for the 10 months.

2. Customers who save in the bank, if you want to get the insurance facility must buy from the insurance company, so the cost incurred for the benefits to be greater.
This is because in addition to the customer charged administrative fees in the bank, also must pay the insurance company's insurance costs.
If customers save in insurance companies, then insurance benefits in addition, so customers pay less.

Online insurance is rapidly taking over the world
Online insurance is rapidly taking over the world, replacing old traditional steps that in the past seems to be the right way to get insurance. Online insurance is growing, as information technology becomes increasingly important at all times.

When you plan to buy short-term life insurance, you will get insurance coverage for a certain period of time. It is certainly comparable to the whole premises of funds you spend.

Online health insurance

Health insurance is a type of insurance where an insurance company (private or government organization) pays a medical fee to the customer. There are a number of insurance companies that offer affordable and inexpensive health insurance. Buying an online health insurance is easy and convenient rather than visiting an insurance agent or a private company. By looking for different health insurance websites, buyers can learn all about health insurance, link units and others.

Life insurance that provides the best offer and rating such as commlife which is the best insurance in Indonesia. With the size of the stock and over the times, commlife becomes one of the best Indonesian insurance.

Insurance is important for anyone not your exception, everyone needs insurance even in Japan the level of policy ownership reaches 200% of this matter certainly reflects that Insurance is needed.
Information, Tips, Tricks About Insurance
Car Insurance For Police Officers – Do You Have The Right Cover

As police officers you will all be aware that not only do drivers need car insurance, they need the correct Class of Use cover. Insurance is something we all like to pay as little as possible for, and insurers are always happy to reduce the price if you reduce the level of cover or take higher excesses. Many also offer a discount if a car isn’t used for any business purposes.

This has led to more and more members of the public buying Social Domestic and Pleasure, including commuting (S, D, P&C) Class of Use. We at Roland Smith Insurance are also seeing more and more police officers doing the same. We are concerned that this could cause problems for police officers around the country who could find themselves uninsured if they only have S, D, P&C cover.

Under the S, D, P&C clause the commuting is normally restricted to and from your permanent place of work. The examples below show why many police officers will find S, D, P&C to be inadequate for their circumstances:
• As police officers, whilst you may be stationed somewhere, it is not always a permanent place of work as you have to be able to respond quickly and work elsewhere for operational reasons. This is something that is unique to the police service and therefore not always fully appreciated by insurance companies
• You may also have to travel to court, to headquarters or to a training establishment – all on official police business
• It is possible that travelling to work could be on official police business. Think of a case where you may need, for operational reasons to return home during your shift and then travel back to work
• If you are a Police Federation Rep travelling to meetings that you claim mileage for.

In all of the above cases if your cover is on an S, D, P&C basis you may be uninsured.

We know of officers who have got into problems because of this and all to save a few pounds on their insurance premium. Money may be tight but it could be even tighter if you have to pay for the repairs to your own car, pay a fine for driving uninsured, perhaps have to pay a third party for injury or damage you cause and also suffer any disciplinary action that may be taken.

When you are looking to buy car insurance, you need to make sure you buy the cover you need, which would normally be Class 1 including use on official police business. It’s right to look for the cheapest premium but not at the cost of the right level of cover.

There are hundreds of places to choose from when you buy car insurance and it is a very competitive marketplace, but as part of your shopping process give Roland Smith Limited a try. We at Roland Smith Insurance have been arranging insurance products to the police service for over 45 years. We currently arrange car insurance for over 37,000 serving and retired officers and home insurance for over 23,000. This makes us one of the UK’s leading insurance arrangers for the police service. We fully understand the nature of your job and how important it is to select the right Class of Use.

You can call us on 0151 242 7640 or visit www.rolandsmith.co.uk.

Roland Smith Insurance is a trading name of Roland Smith Limited, registered address: 1st Floor, India Buildings, Brunswick Street, Liverpool L2 0XH. Registered in England & Wales No. 01073408.Roland Smith Limited is authorised and regulated by the Financial Services Authority and is a wholly owned subsidiary of Police Mutual Assurance Society Limited. Calls are recorded and may be monitored.
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The Unified Motor Vehicle Insurance Policy Against Loss and Damage

Whereas the Insured has applied to . Company (hereinafter referred to as the "Company") for the insurance set herein below, and has agreed that the application is considered as the basis for and integral part of this Policy, and has paid or agreed to pay the applicable premium, and the Company has accepted and represented to pay compensation to the Insured in case of any damage to the Motor Vehicle subject to this insurance, whether it emerges from the use or parking of the Motor Vehicle in the UAE during the insurance period, whether the Insured caused the accident or was an injured party.

Therefore, this Policy was entered into to cover the damages that befall on the Insured Motor Vehicle in the UAE during the insurance period according to the terms, conditions and exclusions in or appended to this Policy.

The following terms and phrases shall have the meanings indicated beside each of them unless the context provides otherwise:

Policy:      The Unified Motor Vehicle Insurance Policy against Loss and Damage and any rider to it, which governs the relationship between the Insured and the Company, and whereby the Company undertakes to compensate the Insured, on the occurrence of the damage hereby covered, in return of the premium paid by the Insured.

Company (Insurer): The insurance company that is licensed to operate inside the State according to the laws and regulations issued in the State and accepts to insure the motor vehicle and has issued the Policy.
Insured: A natural or corporate person that has applied for insurance, entered into an insurance contract with the Company, and paid or has agreed to pay the premium.

Motor Vehicle Driver (Licensed Driver): The insured or any person who drives the Motor Vehicle by the permission or order of the Insured, provided that they are licensed to drive according to the Motor Vehicle category pursuant to the Traffic Laws and other laws and regulations, and that the granted license has not been cancelled by a court's order or by virtue of the Traffic Laws and its Executive Regulations. This definition includes the driver whose driving license has expired if they manage to renew it within thirty days from the date of accident.

Motor Vehicle: A mechanical machine, motorcycle or any other device that works through a mechanical force, and its specifications are described in the Policy.

Insurance Application: The application that includes the details of the Insured, the details of the Motor Vehicle and the type of required coverage, and is filled in by or with the knowledge of the Insured electronically or in writing.

Rider: Every special agreement between the parties in supplement to the basic coverages under this Policy.
Premium: The consideration that is paid or undertaken to be paid by the Insured in return for insurance coverage.

Basic Deductible: The amount paid by the Insured according to the Schedule of Deductibles attached to this Policy per accident.
Ancillary Deductible:The amount paid by the Insured according to the Policy in addition to the Basic Deductible.
Natural Disaster: Any general phenomenon that arises from nature such as floods, tornados, hurricanes, volcanoes, earthquakes and quakes, and leads to extensive and widespread damage, and in respect of which a decision is issued by the concerned authority in the country.

Flood: An event that occurs within the concept of Natural Disasters.
Road: Every road open and available to the public without need to get special permission, and every place that is made available for the crossing of motor vehicles, and is made available to the public by a permission or license from a concerned authority or otherwise, for or without consideration according to the definition mentioned in the applicable Traffic Laws.

Depreciation Percentage: The percentage payable by the injured party on the occurrence of an accident, and who requests the replacement of new parts in lieu of the used parts in case of partial loss according to the schedules of depreciation.

Insurance Period: The period of time of motor vehicle insurance up to the end of the thirteenth month from the commencement of the insurance.

Chapter One: General Conditions
1. The Policy and its schedules shall constitute one integral contract, and any Rider to this Policy shall constitute an integral part hereof, and every term or phrase to which a special meaning has been given in any part of the Policy or its schedules shall have the same meaning elsewhere, unless the context otherwise requires.

2. Any notice or notification of an accident that is required by this Policy shall be served to the Company in writing by e-mail, facsimile or by hand delivery to the address designated in the Policy as soon as practically possible.

3. Any external agreement between the Insured and the Company that will reduce the coverages hereunder shall be deemed void.

4. In case of several insurances with more than one insurance company, the Company will only be committed to compensate damages in the percentage of the amount insured with it to the total insured amounts against the insured risk.

5. The Company and the Insured may agree, using riders in return for an additional premium and within the scope of the terms and conditions herein, that the Company shall insure against the other damages not provided for in this Policy, in particular:
a. Insurance against the damages to the properties of the Insured or the Motor Vehicle Driver at the time of the accident or the properties kept with them in trust, or in their guardianship or possession under a rider to this Policy or a separate policy.
b. Coverage of the damages or risks which occur outside the roads.

6. Notwithstanding the terms and conditions of this Policy, the Insurance Company may not refuse to compensate the Insured as a result of late notification of the accident, if the delay is attributed to an acceptable excuse.

7. With respect to a fleet insurance policy or any Motor Vehicle insured under this Policy, the Company may not enter into any external agreement that may reduce the coverage provided under this Policy or depriving the Insured or the Beneficiary of this Policy from exercising the right to claim for compensation hereunder, including depriving a claim for compensation for any reason not related to the accident such as age, gender, or otherwise, or the agreement will be deemed void.

8. a. If the Insured Motor Vehicle is a total loss, and the Company compensates the Insured on that basis, the salvage will be deemed property of the Company. The Insured may not be charged any expenses related to the transfer of the Motor Vehicle title or issuance of a certificate of ownership of the Motor Vehicle.
b. Before receiving compensation, the Insured shall pay all amounts due on the Motor Vehicle and submit evidence of no objection from the concerned authority(ies) to transfer title of the salvage to the Company. In case of lienholders, if any, they shall provide support, paperwork, power of attorney, etc. and appear before the concerned departments, if necessary for transfer of title of the Motor Vehicle to the Company.

9. The Company may, at its expense, assume the judicial and settlement proceedings to represent the Insured or the Motor Vehicle Driver through an attorney in any investigation or interrogation and before any court in any lawsuit or intervention in any phase of the lawsuit in relation to a claim or accident for which the Company may be held liable under this Policy and which may give rise to the payment of compensation according to this Policy. The Company may settle or enter into a reconciliation for such claim. The Insured shall provide every possible cooperation with the Company by signing a power of attorney to the attorney or otherwise to enable the Company to initiate any proceedings.

10. For the purpose of verifying the details of the Insured Motor Vehicle, all details in Schedule (5) of this Policy shall be an integral part hereof.

11. No lawsuit arising from this Policy may be filed after the elapse of three years after the occurrence which has given rise to the lawsuit or the related parties become aware of its occurrence.

12. The courts of the United Arab Emirates shall be competent to determine any disputes arising from this Policy.

Chapter Two: Obligations of the Insurance Company
1. The Company shall compensate the Insured for loss or damage that occurs to the Insured Motor Vehicle and its accessories while in the vehicle, including damaged parts and spare parts, in the following cases:
a. If loss or damage arises from an accidental run-over, collision, turnover, or incident, or as a result of an unexpected mechanical breakdown or as a result of wear and tear of parts by use;
b. If loss or damage arises from an external fire or explosion, spontaneous combustion or lightning;
c. If loss or damage arises from robbery or theft;
d. If loss or damage arises from a third party willful act;
e. If loss or damage occurs during land transport, inland water transport, elevators or lifting machinery including loading and unloading processes related to the aforementioned transport processes; and
f. Any additional coverage to be agreed upon under this Policy or special riders to it.  

2. Upon the occurrence of an accident, the Company shall:
a. Repair the Motor Vehicle or any of its parts, accessories, or spare parts and restore the vehicle to its pre-accident condition.
b. Pay the amount of loss or damage in cash to the Insured if this is agreed on with the Insured.
c. Replace the damaged Motor Vehicle in case of a total loss, unless the Insured requests the Company to pay them the amount in cash. In this case, the Company shall respond to the Insured's request.

3. If the Insured requests that new original parts are to be installed in lieu of the parts damaged during the accident or are to be paid for in cash, the Insured will bear the Depreciation Percentage set in Schedule (1) of the final value of the purchase invoice. In case of taxi vehicles, public transport vehicles and rental vehicles, the Insured will bear the Depreciation Percentage set in Schedule (2).

4. The Insured may assume the repair of damages that occur to the Motor Vehicle as a result of an insured accident hereunder, provided that the estimated repair costs do not exceed the value of repair agreed upon in writing with the Company.

5. If the Insured Motor Vehicle is lost, proves to be irreparable, or that costs of repair exceed 50% of the Motor Vehicle value before the accident, the insured value of the Motor Vehicle agreed upon between the Insurer and the Insured on signing of the Insurance Policy will be the basis of calculation of the compensation of loss and damage insured hereunder after deduction of the Depreciation Percentage of 20% from the insured value, and taking into account the fraction of insurance period (i.e., the proportion of the period from the commencement date of the insurance period to the date of the accident to the total insurance period).

6. If the Motor Vehicle becomes unroadworthy due to loss or damage insured hereunder, the Company will bear the necessary costs of safeguarding and transporting the Motor Vehicle to the nearest repair shop, in order to deliver it to the Insured after repair.

7. If the damaged Motor Vehicle is repaired with repair shops approved by the Company, the Company shall insure that the Motor Vehicle is repaired properly, carefully and professionally and that the work is warranted by the repair shops. The Company shall ensure that the Insured is enabled to have the Motor Vehicle checked by any approved motor vehicle examination agency in the UAE to make sure that the Motor Vehicle has been properly repaired without affecting the technical examination of the damaged Motor Vehicle at the concerned official authorities. If it is found that the repairs are below required and recognized technical standards, the Company shall address the issue(s) with the repair shop until the Motor Vehicle is professionally repaired and delivered to the Insured.

8. In case of any conflict between the Company and the Insured concerning the value of damages or the amount of compensation, the Company will appoint an Authority-licensed and registered Surveyor and Loss Adjuster to determine the value of these damages or the amount of compensations at the Company's expense. If the expert's opinion is disapproved, either party may request the Authority to appoint an expert licensed by it at the expense of that party, and that the expert's charges will be eventually borne by the party for whom the report was not in their favor.

Chapter Three: Obligations of the Insured
1. To pay the Agreed upon Premium.

2. All reasonable precautions must be taken to keep and protect the Insured Motor Vehicle from loss or damage and maintain the same in a good working condition. In case of any accident or breakdown of the Motor Vehicle, the Insured may not leave the Insured Motor Vehicle or any part thereof without taking necessary precautions to prevent the aggravation of damages. If the Insured Motor Vehicle is driven before making necessary repairs by the Insured or the Motor Vehicle Driver, every increase of damage or every damage to the Insured Motor Vehicle arising from the same will not be the responsibility of the Company pursuant to this Policy.

3. The Insured shall remain the sole owner of the Insured Motor Vehicle throughout the Insurance Period, and may not lease the vehicle to any third party or sign any contract which may restrict their absolute ownership and possession of the Motor Vehicle without the prior written consent of the Company.

4. In case of any accident which may give rise to a claim according to the provisions of this Policy, the Insured shall immediately notify the concerned official authorities, and shall promptly notify the Insurer and furnish all information related to the accident without unjustifiable delay. The Insured shall furnish the Insurer as soon as possible for every claim, notice or judicial papers once they receive them.

5. The Company shall be notified as soon as practically possible once they become aware of any lawsuit, investigation or detections concerning the accident. In case of theft or any other criminal act which may give rise to a claim according to this Policy, the Insured shall notify the police and the Company promptly and as soon as practically possible and cooperate with the Company in this respect.

6. The Insurer may charge the Insured that has caused the accident with a deductible amount to be deducted from the due amount of compensation due with respect to any accident which is caused by them personally or by the person authorized by them to drive the Motor Vehicle or cases that are deemed committed by an unknown person, according to Schedule (3).

7. In addition to the deductible amounts set in Schedule (3), the Insured may charge the Insured who caused an accident an additional deductible as follows:
a. Maximum 10% of the amount of compensation if the Motor Vehicle Driver is below the age of 25 years.
b. Maximum 10% of the amount of compensation in case of taxi and public transport vehicles.
c. Maximum 15% of the amount of compensation of sports cars and modified vehicles.
d. Maximum 20% of the amount of compensation of vehicles modified outside the factory.
e. Maximum 20% of the amount of compensation of rental vehicles.

8. For application of paragraph (7) of this Chapter, application of Deductible Percentages shall apply the highest percentage in the case of several deductibles for one accident.

Chapter Four: Exclusions
The Company will not pay any compensation for the following issues:
1. Indirect losses that occur to the Insured or devaluation of the Motor Vehicle as a result of its use, breakdown, defect or breakage of the mechanical or electrical devices.

2. The damage arising as a result of overload or excess of the limits of permissible width, length or height or the excess of the number of passengers beyond the licensed number, provided that it is proved that this is the proximate cause of damage.

3. The damage of tires if it does not occur at the same time as damage to the Insured Motor Vehicle.

4. The loss or damage which occurs to the Motor Vehicle with respect to accidents resulting from:
a. Use of the Motor Vehicle for purposes other than those mentioned in the Insurance Application attached to this Policy.
b. Violation of laws if the violation implies an intentional felony or misdemeanor according to the definition mentioned in the applicable Federal Penal Code.

5. If it is proven that the Motor Vehicle has been used or utilized in a speed race or test, provided that this is proved to be the proximate cause of the accident.

6. The damage to the Motor Vehicle from the accidents which occur during the Motor Vehicle being operated by a driver who is not licensed to drive according to the Traffic Laws or without obtaining a driving license for the kind / category of the Motor Vehicle according to the Traffic Laws and Regulations and the provisions of this Policy, or the driver holding an expired Driver’s License who fails to renew it within thirty days from the date of the accident, or the license granted to them has been suspended by the court or competent authorities or according to the Traffic Regulations.

7. Loss or damage that occurs to the Motor Vehicle, or any part thereof, with respect to accidents while the Motor Vehicle is being driven under the influence of narcotics, alcohol or drugs that undermine the driver's ability to control the Motor Vehicle if this is proven to the competent authorities or confessed by the Motor Vehicle Driver. This exclusion does not apply in case of rental vehicles.

8. Loss or damage that occurs to the Motor Vehicle outside the geographical territory set out in this Policy, unless a rider is issued to extend coverage to this territory.

9. The accidents that have occurred, caused, resulted or are related directly or indirectly to natural disasters such as floods, tornados, hurricanes, volcanoes, earthquakes and quakes.

10. Invasion, foreign enemy hostilities or warlike operations, whether war is declared or not, civil war, strike, civil commotion, insurrection, revolution, coup d'état, usurped power, confiscation, nationalization, radioactive substances and radioisotopes, atomic or nuclear explosions, or any factor directly or indirectly related to any of the foregoing causes.

11. Loss or damage that occurs to the Insured Motor Vehicle if the Company loses the right of subrogation to the damage causer due to the Insured's declaration of being responsible for the accident, which they have not caused. If this is proven after payment of compensation to the Insured, the Company may have recourse to it for recovery of amounts paid to them.

12. Loss or damage that occurs to the Motor Vehicle off the road, as defined, unless a rider is issued extending coverage to drive outside the road.

Chapter Five: Recourses against the Insured
The Company may have recourse to the Insured or the Motor Vehicle Driver or both, as the case may be, in the amount of compensation paid in the following cases:
1. If it is proven that the insurance was concluded based upon the Insured's misrepresentation and non-disclosure of material facts that affect the acceptance by the Company to cover the risks or insurance rate.

2. If following payment of compensation, it is proven that the Motor Vehicle was used for purposes other than those set out in the Insurance Application attached to this Policy, or the maximum number of passengers was exceeded, or the Motor Vehicle was overloaded, or its loading was not secured correctly or exceeds the limits of permissible width, length or height, provided that this is proven to be the proximate cause of the accident.

3. If following payment of the compensation it is proven that there is a violation of the law, if the violation involves a willful felony or misdemeanor, as defined in the UAE's applicable penal code.

4. If it is proven that loss or damage that occurred to the Motor Vehicle, or any part thereof, arose from the Insured or another person driving under the influence of narcotics, alcohol or drugs that undermine the driver's ability to control the Motor Vehicle, if this is proven to the concerned authorities or confessed by the Motor Vehicle Driver. In case of rental vehicles, recourse will be against the Motor Vehicle Driver (renter).

5. If the accident is proven to have occurred intentionally by the Insured or the Motor Vehicle Driver.

6. If the trailer, half-trailer or semi-trailer causes an accident, and the Insured has not agreed with the Company on the existence of such a trailer.

7. If loss or damage that occurs to the Motor Vehicle is a result of theft or robbery, recourse will be against the thief.

Chapter Six: Policy Termination 
1. The Company may terminate this Policy on the condition that there are serious grounds for termination during the Policy Period by a notice in writing to be sent to the Insured via e-mail, facsimile, hand delivery or registered letter thirty days prior to the fixed date of termination to the latest address of the Insured known by the Company. The Insurance Authority shall be advised of the grounds of such termination. In this case, the Company shall refund to the Insured the paid premium after deducting a portion in proportion to the period during which the Policy has remained in effect.

2. The Insured may terminate this Policy by a notice in writing to be sent to the Company via e-mail, facsimile, hand delivery or registered letter seven days prior to the fixed date of termination. In this case, the Company shall refund to the Insured the paid premium after deducting a portion in proportion to the period during which the Policy has remained in effect subject to the Short Rate Schedule No. (4), provided that there is no compensation paid to the Insured or pending claims in relation to this Policy during the period of time the Policy is valid, if the Insured has caused the accident or in cases that are deemed committed by unknown persons.

3. This Policy shall be considered terminated in case of a total loss to the Motor Vehicle, provided that its registration is deleted with a report issued by the Road and Traffic Department confirming that it is unroadworthy, and the Company shall compensate the Insured according to the provisions of this Policy.

Insurance Authority, Unified Motor Vehicle Insurance Policy Against Loss and Damage