Insurance Benefits
Important insurance benefits to know
Insurance
benefits attract many people to enroll in this self-protection program. The
benefits of insurance can not only be felt by yourself, but your family and
heirs can also enjoy it. So what are the benefits of insurance?
Insurance benefits in general
There
are many types of insurance products. But in general, insurance offers several
benefits, as follows:
1.
Gives a feeling of calm
In
this life, you never know what will happen tomorrow. This also applies to all
possible risks that may arise at any time and affect anyone. Understanding
these conditions can make our lives restless and anxious.
But
don't worry, because there are now many insurance products that can provide
protection against adverse events that may occur in the future. For example,
health insurance that covers medical expenses in the event of illness or home
insurance that can compensate for material damage.
From
these two examples, we can understand that by having insurance, our lives
become calmer. The reason is that if something bad happens, there is already
insurance that covers the risk.
2.
Minimize the risk of loss
Generally
speaking, all insurance products have the same functions and benefits, namely
minimizing the risk of loss. This is because insurance can help cover losses
due to an event.
3.
Useful for future savings and investments
The
next benefit of insurance is that it can be used as future savings and
investments. This can happen because many insurance companies guarantee a
return on investment funds when the contract is completed.
Insurance
that is used as an investment also generally gives policyholders leeway in
choosing the period of coverage. Generally, there are three choices of coverage
periods, namely five, seven and ten years.
4.
Help manage your finances well
The
requirement to pay premiums regularly can actually make a person more
disciplined in managing their finances. Because automatically we will put money
aside to pay the premium
Insurance benefits by type
Seen
from its type, the insurance offers several advantages as follows:
1.
Health insurance
Health
insurance provides benefits in the form of guarantees for health costs or care
in the event of illness or accident. This insurance guarantees the availability
of funds to pay for the treatment.
2.
Life insurance
Life
insurance is useful for people who suffer financial loss caused by death or
total disability. For example, a head of household dies suddenly or a total
loss disrupts the financial problems of the family. If the head of the family
has life insurance, his heirs can claim the insurance.
3.
Pension insurance
The
advantages of old-age insurance are that it provides income certainty to
insured retirees. Another advantage is to help realize dreams in old age, since
the funds from this insurance can be used in the future.
4.
Education Insurance
As
its name suggests, this insurance product is useful for guaranteeing children's
school fees. Thus, the burden on parents to pay for their children's education
becomes lighter.
5.
Property Insurance
This
insurance guarantees the insured when they suffer material damage due to
negligence or natural disasters.
6.
Travel insurance
The
benefits of travel insurance are to protect policyholders during travel, such
as coverage for medical expenses, loss of property, loss of travel documents,
and other forms of loss that occur while travelling.
7.
Vehicle insurance
This type of insurance can protect vehicles from damage caused by traffic accidents, malicious acts of others, theft, fire, etc.