Benefits of Insurance: Don't Be Late Registering

Benefits of Insurance: Don't Be Late Registering

Talking about insurance, in our mind must be pro and contra. In case, several groups really avoid about insurance. Because their have opinion if insurance just waste our money and we can't do claim with easier if we meet urgent trouble. But, if we want to talk about insurance we have to describe the b dienefit of insurance and how to claim.

In this country, Indonesia. Such as AXA, Allianz, AIA and we don't forget about state of our insurance, called BPJS. Most of insurance in Indonesia, their offer so many benefit to gain customer and join with local bank to make easy mandatory payment per month.

Benefit Insurance to Individual and Groups

Here the benefit of insurance by chase bassett that make you think twice:

- First, The obvious and most important from benefit of insurance is the payment of losses.  An insurance policy is a contract used to indemnify individuals and groups for covered all losses.

- second, benefit of insurance is we can managing all cash flow uncertainty.  Insurance provides payment for covered all or few losses when they occur.  Therefore, the uncertainty of fees losses out of pocket is significantly reduced.

- third, rare benefit of insurance is comply with legal requirement.  Insurance must be need contractual requirements as well as provides evidence of financial resources.

- Fourth, benefit of insurance is risk control and promoting activity. Some company Insurance policies are provide incentives to implement a loss control  program to customer, because this is applies for premium user only who take all advantages from insurance.

- fifth, benefit of insurance is make us become more efficient with join the insurance.  Because the Insurance makes it unnecessary to set aside a large amount of money to pay for the financial consequences of the risk exposures that can be insured.  That's why this allows that money to be used more efficiently and productive.

- Sixth, benefit of insurance is we can be the part of  supporter for the insurance credit. Because Insurance policy of facilitates loans to individuals and groups by guaranteeing that the lender will be paid if the collateral for the loan is destroyed or damaged by an insured event.  This  called compesation for use while joining insurance that makes us more confident to use anything.

- seventh benefit of insurance is  provides all source of investment funds.  Insurance company has collect premium up front and invest those premiums in a variety of investment vehicles, and pay claims if they occur. But we need follow the step to make us easier while claim the insurance

- The last we can discuss about benefit of insurance is reducing social burden.  Insurance Company will helps reduce a few or all the burden of uncompensated accident victims and the uncertainty of society. This is very rare and out of our mind, we never think about that if insurance can covered social burden also.

As a risk advisor at Ellerbrock-Norris, Chase Bassett share his experience to make us understand about the benefits of insurance.

The point is when we want to start join Insurance, we have to clean our mind if insurance not a scam, insurance is safe our financial problem in the future. An example of benefit from insurance if we are in sick, we don't need to be worry thinking about hospital fees, because we just need to claim the insurance with all detail and all payment will covered by the insurance company.