The benefits of having Life Insurance For Family

The word insurance may already be familiar to you that have worked. Insurance as you all know is a guarantee of safety if unexpected things happen before. In ancient times the insurance is something that is considered a luxury and only intended for certain people only. But now the insurance has started to spread throughout the community.

Many kinds of insurance itself, namely life insurance, health insurance, vehicle insurance, property insurance or home insurance and education. Of the various kinds of insurance above, each type has their usefulness. But the important is an insurance for your family?

There are some people argue that life insurance has the functionality to protect one's income. In the sense that every person who has the income should be required to have insurance even more so if someone has a family.


If you are someone who has had a family means you have dependents you should memilliki insured. Here the insured is living or intended to finance the income your dependents.

If something happens that does not want to you as the backbone of the family, then your family will lose their source of income and lead to financial instability of the family. Different if you have life insurance, the family you left behind still have a source of income of life insurance you have.

Thus the views of the importance of life insurance benefits are so wise you should consider life insurance to take care of your family and yourself. Permi insurance payments each month should also be considered.

If you have a considerable number of dependents, the payment of insurance premiums to be slightly larger to provide for your family. Calculation of premiums at least you negotiate with, at least you consider to provide for the family to have a spine replacement. For example, until the oldest child and an adult you can support his wife and her sister, or until your wife coined the work can be a source of family income in case that does not want to yourself.

How the Future of Private Health Insurance After BPJS?

On January 1, 2014, Social Security Administering Agency (BPJS) is expected to be operational. BPJS This will ensure all Indonesian people can access basic health services. In BPJS, all previous public health insurance programs will merge into one, including Askes, Jamkesmas, Social Security and Jampersal.

Government of Indonesia plans to require all residents to participate BPJS by paying monthly dues. Whose contributions range may be about USD 15000-27000 per month, but has not been determined because it is still awaiting discussion. Because this program is not profit oriented, so if the number of excess or considered objections could still face down again.

For people who already have private insurance, wamenkes urged not to worry because BPJS intended to cover basic health services. People who have private insurance can choose the treatment to other hospitals that are better suited to their financial capabilities.

"People who already have private insurance still have to go BPJS to meet basic health needs. BPJS point is mutual cooperation, a healthy helping the sick, the rich helping the poor and the young helping the old," said Ghufron Mukti Ali, Deputy Minister of Health in a press conference on the implementation of the Ministry of Health BPJS, Friday (11/05/2012).

Wamenkes BPJS plan will work closely with private insurance so that participants BPJS not have to pay 2 times for health insurance. As for people who can not afford for that reason can not be paid for by the government.

In this program, each participant may enroll their family members through dues paid by the participants. The participants will be borne by any treatment, including an expensive operation as the operation of heart failure and chronic renal failure.

But there are also a limited health services such as eyeglasses should not change every 2 years. Types of health services that are not caused by disruption of bodily functions would not be guaranteed. Examples surgery for plastic surgery for cosmetic reasons.

Currently, the government focused on residents who do not have health insurance at all. For example, poor, poor pre and residents who do not have a fixed wage.

"We have guaranteed Jamkesmas 76.4 million. In 2013 we added 10 million more people will be paid by the government budget. Total membership became the focus of the government because our resources are limited," said Wamenkes.

Government focus on Jamkesmas because of poor communities is still less than optimal use. Moreover, the poor are still not aware of new health and see a doctor or health care center when the pain got worse. So no wonder if the cost of hospitalization in patients Jamkesmas greater.

Types of Insurance

New types of insurance or a variety of insurance products currently being circulated in Indonesian society. Various types of insurance in the community began to grow, in risk management, insurance allows the sharing and transfer risk, this is the best way to compensate. Most people do not understand the fundamental differences in the types of insurance, but insurance program to determine the most suitable to the needs, we should see more of the types of insurance.

Life Insurance is a promise written in the insurance policy, which is made by the insurer to the insured, to provide financial compensation if something happens to the insured.

Insurance consists of several products. Each of these types of products have different benefits in order to serve a wide range of customer needs and capabilities.
The following types of insurance under the Life Insurance Association of Indonesia (AAJI) in the official website:

1. Term life insurance (Term)
Characteristic of this lies in the maximum protection with a relatively low premiums. Therefore, this type of product attractive to prospective insured who have large insurance needs, but its purchasing power is limited.

Who fits with this policy?
• Prospective policyholders who want to protect the future of their children.
• Prospective policyholders new career.

2. Life insurance (Whole Life)
Characteristic of this insurance is a basic type of permanent life insurance provides lifetime insurance protection.

Who fits with this product?
• Prospective policyholders who want to have a soul as well as protection produce a savings fund that can be used for emergency needs.
• Prospective policyholders who need permanent income protection (hospital bill).
• Prospective policyholders who want to get some capital growth investment.

3. Endowment life insurance (Endowment)
Characteristic of this insurance is a protection that gives the amount of money insured when the insured dies within a specified period, and provide the entire sum assured if he was still alive at the end of the coverage.

Because it provides two benefits, insurance, endowment or a unit is called a link. This product is useful for prospective policyholders who want to be protected from the financial impact due to premature death.

Who fits with this product?
• Prospective policyholders who need the funds for the education of children.
• Prospective policyholders who want to have some funds for future needs.
• Prospective policyholders who want to have a pension fund.

Endowment insurance is divided into two types, namely:

a). Unit Linked Life Insurance Single (Single Premium)

Characteristic of Unit Link Insurance Single (Single Premium) is the premium paid in a lump sum or lump sum. Usually a single premium desired by prospective policyholders who want to invest long term. Who fits with this product?
• Prospective policyholders who like to invest long-term
• Prospective policyholders who have excess money (idle money) and intends to increase his wealth.

b). Regular Unit Linked Life Insurance (Regular Premium)

Characteristic of Unit Link Insurance Regular (Regular Premium) is also a long-term investment, where in the policy set the method of payment, which is done periodically or regularly. Purchased the unit so the premium is received.

Who fits this product:
• Prospective policyholders who prefer to play in the protection
• Prospective policyholders who like to play in investment but still want to be protected
• Prospective policyholders who are still working and want to set up savings.

That is a summary of information on the types of insurance or a variety of insurance products. I hope you choose the right insurance product suits your needs and your financial capabilities.

Significant growth in insurance

The growth of the insurance industry in Indonesia continues to show a trend to increase significantly. It was also pointed out a life insurance company AIA Financial (Financial AIA) to score new business premium growth of 48.6 percent from Rp 1.06 trillion in 2010 to Rp 1.57 trillion in 2011.

Encouraging growth also occurred for the total assets of Rp 20.11 trillion previously in 2010 grew by 13 percent to Rp 22.72 trillion. "We are delighted with our performance throughout 2011. The new business premium and total premium income to grow dramatically, "said AIA President Carl S Financial Gustini, in Jakarta, Monday (30/4).

He explained, exhilarating performance also occurred in total premium income (including premium sharia). Total premium income rose 24.5 percent from Rp 3.5 trillion in 2010 to Rp 4.36 trillion in 2011.

Of that amount, especially for premium income reached Rp 219.36 billion sharia, up 89.8 percent from the previous year amounting to Rp 115.58 billion.

In addition, said Gustini, AIA Financial also noted an increase in the amount of claims payments. At 2010 earlier, the total payment of claims totaling Rp 2.31 trillion, while in 2011 rose 8.4 percent to Rp 2.5 trillion.

Then for investment, throughout 2011, the AIA issued a total investment of 21.6 trillion sebesarRp Financial. The number was up 14 percent from the previous year amounting to Rp 18.95 trillion.

Gustini added, the ratio of risk-based capital (RBC) Financial AIA as a measure of the strength and solvency of the company also grew significantly. Special RBC conventional business, rose to 182 percent of 505 percent in 2010 to 687 percent.

As for the RBC Shariah business rose 71 percent from -48 percent to 23 percent. That figure far surpassed the minimum requirements set at the government. As applicable, RBC must be at least 120 percent of conventional and Islamic businesses to a minimum of 5 percent.

Gustini admit, growth over 2011 was also driven strong performance in the 4th quarter last year. It was also evident from the reported release of the Life Insurance Association of Indonesia (AAJI) which shows the performance of new business premium income in which the total weight of AIA Financial grew rapidly in the 4th quarter last year.

That brings up the position of Financial AIA to-5 for the year 2011. In the previous year, AIA Financial position is at number nine.

"We have more people of Indonesia that has happened protection through insurance policies AIA Financial. This is a form of our appreciation, Paramitra bank, as well as the premiere agency we are proud of, "he said.

It said it would continue to work hard mempersembah the best products and service to the people of Indonesia. Thus, it can assist them in meeting the needs of protection and savings.

Described, AIA Financial is one of the life insurance company subsidiary of AIA Group. AIA Financial offers a variety of insurance products including insurance with Islamic principles which include life insurance, health, accident, employee welfare programs, investment-related insurance, severance programs, and pension plans.

All products that are marketed by more than 10,000 agents and professionals with experience through various distribution channels such as agency, bancassurance, and corporate solutions.

"Top-seeded and AIA Financial performance is also evidenced by the many awards received in the life insurance industry in Indonesia in recent years," he said.

Based on the record, AIA Group Limited, which is now known as AIA, was first established in Shanghai in 90 years ago. AIA is a market leader in the Asia-Pacific (excluding Japan) based on life insurance premiums and occupied the leading position in the majority of shares.

Based on the record as of 30 November 2011, AIA has assets totaling 114 461 million individual policyholders totaling approximately 24 million and more than 10 million participants policyholders collection.

Growing interest in insurance

Apparently, the distribution of insurance products seems more widespread this year. The proof, premium income of insurance companies per quarter of 2012 increased compared to the same period in 2011. Of course this is a blessing for the insurance company, because profit also increased.

BNI Life Insurance, for example, pocketed the gross premium income of Rp 1.2 trillion, grew 35%. Most of the premium income from agency services reached 70%, the rest of bancassurance. "Changes in agency commissions helped boost system performance," explains Hendrisman Rahim, Managing Director of BNI on Wednesday (2/5).

Changes in the system include commission corresponding premium revenue. That is, the greater the premium income, is to pocket the commission is greatly increased. Unfortunately, Hendrisman reluctant to tell the amount of agency commission.

Most of the premium income from insurance products Jiwasraya trandisional, which contributed 80% of its revenue. The rest, of unitlink products. "We will issue a new unitlink to contribute more and more," he said.

The strategy is to pursue the achievement of the target premium of Rp 5.3 trillion this year. In 2011, gross premium income reached Rp 4.78 trillion Jiwasraya with a profit of Rp 394.11 billion. For this quarter, earnings Hendrisman secret achievement.

Property Insurance Products Safe (AHAP) is also increasing demand in the market. Based on the company's financial statements, total gross premium income per March 31, 2012 reached Rp 36 billion, growing 22% over the same period last year. Company claims the benefit under the weight of reduced 8% to $ 7.1 billion.

While investment returns AHAP grew 34% to $ 987.78 million. This further mengatrol net income into the pockets of the company, rose 27% to $ 2.8 billion.

In the same period, insurance premium income Arta Community Development Fund also rose rapidly. Stating the company's financial statements, premium income reached Rp 175.6 billion, grew 20%. Meanwhile, claims expenses rose less, only 14% to $ 97.7 billion.

Return on investments increased 42% to $ 13.2 billion. As a result, net profit rose 39% to $ 61.6 billion.