Definition and Benefits of Letter Insurance Template – Insurance is a term used to refer to an action, system, or business in which financial protection (or financial compensation) for life, property, health, and so on is reimbursed from unforeseen events that can occur such as death, loss, damage, or illness, which involves the regular payment of premiums over a specified period in exchange for a policy that guarantees such protection.
There are four important elements in the Insurance Template insurance protection mechanism, namely the insured, the insurer, the agreement, and the premium.
is someone who agrees with the insurance company to expect protection for the risks that may occur to him. For this protection, the insured stated that he was able to pay a certain amount of money or known as a premium.
is a party that protects the insured in the form of payment of a sum of money equal to the insured value.
is several agreements between the insurer and the insured to provide protection.
is a certain amount of funds that must be paid by the insured party as a consequence of the agreed protection or protection by the insurer. The amount of the premium depends on the amount of coverage and the risk of the coverage.
When you get a loss from an event, you can check whether the risk is insured and listed in the policy or not. If there is, you can file a claim as a form of a request for compensation for the loss you have experienced.
What Do You Know About Insurance Templates?
Insurance Benefits by Type
Then, in addition to the general benefits of insurance that have been mentioned above, each type of insurance also provides special protection that varies according to their respective functions. Some types of insurance that are widely used in Indonesia include:
This type of insurance product specifically provides benefits to policyholders for health or treatment costs in the event of an accident or illness. Health insurance guarantees the availability of the funds needed to finance the health needs of you and your family as policyholders.
This insurance is intended for people who bear unexpected financial losses caused by the risk of death or the risk of living too long. The use of life insurance will provide benefits to the policyholder community to replace the government’s JPS (Social Safety Net) program, because it helps maintain community stability, and is a source of finance.
Known as an alternative to education savings for children who are planned to go through school at the elementary to university level. Education insurance is divided into two types, namely protection and investment.
It can be said that this type of insurance is less popular among the people of Indonesia. Property insurance is one type of insurance that provides guarantees to policyholders to guarantee a house or business which is a sub-type of property insurance.
Motor Vehicle Insurance
One type of Insurance Template that guarantees protection from loss or damage to motorized vehicles for policyholders. Loss or damage is borne by the motor vehicle insurance service provider.