Ways of Choosing the Wise Insurance Products

Guaranteed risk insurance companies can be grouped into the life insurance and general insurance. Later there was the name of social insurance, such as Social Security.
 The general insurance products, such as home insurance, car and boat, known as general insurance. While insurance-related premises known as the human soul that offers life insurance products.
 Products offered risk life insurance companies can be grouped into three major groups, namely a permanent life insurance (whole life insurance), life insurance warsa term (term life insurance), and dual use (endowment life insurance). Insurance companies vary widely offer life insurance products and insurance losses. This insurance product known as known by the traditional insurance products.
 In the last five years, introduced the modern insurance products known as unit-linked (UL).
 In the United States this product is known as variable life insurance. UL actual investment products combined with insurance. Therefore, the rules regarding securities (securities) included in the regulations. In the United States, this product is not so successful, however, Australia, UK, Canada, and is very successful Dutch product offering to the public.
 China also did not successfully sell the product UL. Mass media spotlight UL sales because the market does not match the illustrations done retailer agent.
 UL products offer the insurance company managed its investments despite the investment manager (MI). Insurance companies make strategic alliances to offer a UL product. Insurance companies get business insurance premiums according to their business, also received an additional fee for investment management of the MI as well as an agent for the seller.
 It is not wrong if the combination is done. Seller's agent who has developed can make an offer to investors by combining investments in mutual funds and insurance from insurance companies. Next five years, these activities will appear in Indonesia so desperately needed protofolio knowledge of insurance and investment and negotiations with various parties.

How to Choose
 Choosing an insurance product is often a problem and confusing. There are several steps that must be met within the family or a person choose.
 First, understand yourself. As the holder or buyer of insurance, we must know the correct and clear our needs. Insurance products so many and varied. Appropriate election should be a priority requirement.
 In the early stages, much needed health insurance to begin collecting the insurance investment. Health insurance cover medical expenses, including hospitalization if you must. Furthermore, life insurance risk of future uncertainties.
 This insurance provides a guarantee of funds for the families left behind when her policy holder dies. That is, we remove the risks faced by families in the future to an insurance company.
 If both this insurance has been owned, then we require insurance on goods owned. For example, insurance home free from fire, car insurance for loss or accidents can be made also include a third party.
 If you already have it, just think about a very specific insurance and offered to the public. For example, insurance or job title frofessional indemnity insurance. This insurance is required doctors, stock brokers, and MI.
 Second, find the desired insurance and insurance companies offer. Many insurance companies offer their products and highly varied between one company and another. For this product, insurance buyers should look at the products offered. If necessary, the buyer can consult with friends or the insurance experts.
 When looking at these products, the buyer must understand the legal language of the offered product brochure. The same premium products can be different for each insurance.
 Third, taking into account the ability of insurance to be purchased. If buyers want only the insurance, the premium is a cost, not investment. The next year the buyer must pay the premium again, and probably there will be a premium increase due to inflation or the cost of insurance companies. Do not force yourself if you can not afford the insurance. Better to delay and melaksanaka next year.
 When buyers push yourself, another post had to be sacrificed in order to purchase insurance products. If buyers want to have insurance for loss and there is also investments, should be chosen as UL products.
 Fourth, matching insurance product with the ability of funds. This is a decision process for selection of insurance products to be purchased. Jka desired insurance products there are some, and offered not only by one company, it is a very good information for buyers because there is a choice.
 Fifth, discussing the field of insurance products from insurance companies that have been selected according to the ability of funds. This discussion is very important because the brochure was given to read are often ignored, and we are not careful. All the brochures and information from the seller's agent should be discussed with the parties who understand the law, so that option is more secure.
 Because mambutuhkan costs, the buyer can ask a friend, or "friends of friends" who understand it. Small costs such as so-so lunch area covered to increase our knowledge.
 Sixth, insurance companies also chose not important prop. Purchasers of insurance must be clear and careful not miscast. Insurance buyers need to know the company's track record. Sometimes the company ownership is also a selection factor, but not the main factor.
 There are insurance companies that are still small, but the track record is very reliable. Insurance buyers can ask the customer or buyer of the insurance company. Indeed, could ask the party who had paid insurance according to the agreement.
 Large companies often times do ridiculousness. Often we hear that the insurance company is very diligent when collecting premiums, but it is very difficult when an insurance claim dilution. Delays in the distribution is generally because the company claims is still doing penyilidikan of an event that causes a claim.
 Foreign or local ownership is often an option. Foreign owners are usually more experienced than local. However, buyers can judge for yourself about these characteristics. A good management will always be watching customers. Usually insurance companies have a meeting with customers to meet so many of the products purchased.
 Seventh, signed an insurance agreement. This stage should be carefully considered whether the contents of the agreement according to supply and what we want. Purchasers do not be tempted with the line that all is as you see fit. If the answer is the raw material from the company, the buyer must be careful and have deferred to match the buyer desires. What is written in the agreement to hold each party.
 In buying insurance products, buyers always meet the seller's agent. Do not be tempted with an agent who wants to purchase quickly closed because buyers could be wrong in making decisions.
 Purchasers should not notice a clear indication is interested in one product. Purchasers should understand that insurance premiums paid, including the seller's agent commission.
 For life insurance, and UL can be mentioned that the premium offered to the fifth year is a cost to the insurance company. That is, the understanding of this condition is also the buyer's argument to negotiate for the value of the premium paid each year or period determined.
 Caution is needed. Fund the purchase does not belong to someone else, but yours. Loss or the risk of permanent insurance purchasing mistakes borne buyers, not the other party. (Adler HAYMANS Manurung, practitioners of Finance)

Tip Choosing wisely Insurance Products
1. Understanding self-insurance holder or buyer.
Holders or insurance buyers need to know right and clear about the need for insurance. Choose according to your needs should be a priority.
2. Searching for the desired insurance and insurance companies offer
Many insurance companies offer their products and extremely varied. Purchasers should read carefully the insurance products offered by them. If necessary, the buyer can consult with friends or the insurance expert
3. Taking into account the ability of insurance to be purchased.
      If buyers want only the insurance, the premium is a cost, not investment. The next year the buyer must pay a premium again. Do not force yourself if you can not afford the insurance.
4. Matching products with the ability of insurance funds.
      This is a decision process for selection of insurance products to be purchased. It's better if you want insurance products there are a few, and are offered by several companies, so buyers have a choice.
5. Discuss the field of insurance products from insurance companies selected according to the ability of funds.
This discussion is important because the brochure was given to read are often ignored and the buyer is less thorough. Brochures and information insurance agents should be discussed with the parties who understand the law so much more secure option.
6. Choosing an insurance company.
Purchasers must be careful not to miscast. Buyer must know the company history. Sometimes the company ownership election factor, but not the main factor.
7. Signed insurance agreement
This stage should be carefully considered whether the agreement in accordance with the buyer desires.

Source : KOMPAS