Many people feel they do not need insurance. Whereas insurance is a financial safety net. Without insurance, your personal financial condition can be easily shaken if financial risks occur.
That's why National Insurance Day is held every October 18, for the sake of knowing
In addition, choosing the right insurance for you is also not an easy thing. You must be able to consider various factors, such as the premium price to be paid, the benefits received, and whether the protection is suitable for your needs.
On this National Insurance Day, the The Newbie Team has prepared 7 types of basic insurance that might be suitable for you. Come on, read which one suits you!
What is Insurance, Why is it Important?
Insurance is an agreement between the Insurer (the insurance company) and the Insured (the customer whose risk is borne).
The agreement states that the Insured must pay a premium to the Insurer, and in the event of a financial risk, the Insurer will provide a large sum of sum insured to the Insured. All of this is covered in the insurance policy .
Insurance is important because its function can transfer financial risks that may occur to you. That way, you don't need to have liquid funds other than an emergency fund . Insurance also guarantees the economic stability of the individual who has it.
7 Types of Insurance You Might Need
There are various types of insurance in Indonesia. However, the type of insurance required depends on various factors. For example, age, marital status, and the risks you have to take.
We will explain the following 7 basic insurance.
1. Health Insurance
Health insurance is insurance that covers health risks, such as hospital bills. This type of insurance is considered as one of the basic insurances that must be owned by all groups. Because anyone, young or old, can be at risk for contracting the disease.
Health insurance benefits can be in the form of :
- Reimbursement of outpatient bills;
- Daily compensation for hospitalization costs;
- Coverage for operating costs;
- Coverage for death.
Suitable for : Everyone.
Of course there are various types of health insurance . Therefore, you must first learn which health insurance is right for you.
2. Life Insurance
Life insurance is a type of insurance that covers the risk of death. Everyone will surely die one day. However, the risk of sudden death, especially in the breadwinner, can lead to loss of income for a family.
Therefore, the function of life insurance is to provide financial support if a person can no longer support his family, whether due to death or otherwise.
Life insurance benefits can be in the form of :
- Money given when there is a risk of death, or
- Money given if the Insured is no longer able to work due to the risk of Total and Permanent Disability.
3. Education Insurance
Education insurance is insurance that guarantees the provision of money for your child's schooling. Because education continues to increase, it doesn't hurt you to start planning with education insurance.
Benefits provided :
Cash according to the specified time, usually can be arranged according to when your child enters school.
Suitable for : New parents, couples who already have children.
4. Accident Insurance
Personal accident insurance is insurance that covers the financial risk of an accident, be it operating expenses or coverage for accidental death. Usually this accident insurance covers only people, not vehicles.
Benefits provided :
- Cash for the risk of death due to accidents;
- Reimbursement for surgery or other hospital bills due to injury.
Suitable for : Young people, especially those who often travel or ride motorbikes.
5. Travel Insurance
Travel insurance is insurance that protects you from the risks that exist while traveling. This insurance is usually only paid once, not routinely per month like other insurances.
In addition, usually this one insurance has been made into a package with the travel ticket you bought. Whether it's a plane or a train, of course there is an option with travel insurance.
Benefits :
- Guarantees for the safety of baggage;
- Guaranteed on-time departure;
- Cash in case of accident risk;
- Reimbursement of emergency medical expenses.
Suitable for : Those of you who need to travel far.
6. Vehicle Insurance
Vehicle insurance is a type of general insurance that protects the financial risks of your personal vehicle. Be it a car or motorbike.
Usually this vehicle insurance is offered along with the purchase of the vehicle. However, you can also buy them separately to weigh which one suits your needs.
The benefits provided are in the form of coverage for vehicle damage costs for:
- accident risk;
- The risk of burglary / theft;
- Risk of natural disasters (floods, hail, etc.);
- The risk of terrorism, riots, riots, and others.
Suitable for : Owners of private vehicles.
7. Critical Illness Insurance
Critical illness insurance is a type of insurance that protects you from the risk of critical illnesses, such as cancer, heart attack, and stroke. Unlike health insurance, critical illness insurance only protects you from certain disease risks.
Usually coverage is in the form of a large amount of cash given at once ( lump sum payment ) or full coverage for medical expenses until recovered.
These benefits are provided when :
- The insured is diagnosed with a critical illness;
- The insured must undergo critical illness treatment;
- Insured died due to critical illness.
Suitable for : You who have major risk factors for critical illness, especially if there is a family history. Even though you are young, you can anticipate heart attacks , stroke symptoms , and cancer.
Insurance doesn't have to be expensive!
You can try to find the type of insurance that suits you with online insurance The Newbie has 3 advantages over other insurances, namely:
- Cheap : Starting from IDR 30,000 per month, you can adjust the price according to your needs. You can also mix several types of insurance in one account.
- Easy : You can buy an insurance policy through the website without any intermediaries. It only takes the insured's ID card and the heir's ID card, and a few clicks.
- Fast : No need to send documents or anything, e-policy can be directly accessed when you have made a payment transaction.
So what are you waiting for? Come on, find the right type of insurance for your needs, only at The Newbie!
EmoticonEmoticon