In running life, we can not escape from risk. If we
are now healthy, someday we may fall ill, so will the age of humans who have a
deadline. The same is true of goods or assets that we own, such as cars or
homes.
Various risks that include life both that can happen
to ourselves and to the assets that we have, often also cause financial or
financial impact. For example, when you suddenly fall ill and require medical
expenses to go to the hospital, like it or not you have to pay a number of
health costs. Likewise, when your car suddenly stalled because the engine has a
problem, like it or not you have to spend to get service from a customer repair
shop.
Costs incurred are included in the category of
financial risk. If the costs involved can still be borne by your emergency
funds, that might not be a problem. However, often what happens, the costs
incurred turned out to be far greater than the emergency funds prepared.
You will often find stories where a person falls ill
and costs so much that he must be willing to sell his assets. This is called
financial risk. In fact, you can manage these risks better through insurance
products.
Through insurance, you transfer the financial risk to
a third party, namely the insurance company. So, when a risk occurs later, the
costs associated with the risk are borne by the insurance provider. To get
these insurance benefits, you only need to pay a premium in accordance with the
provisions of the insurance policy that you buy.
But, right, if there is no risk, the premium will be
forfeited and wasteful? Maybe that thought was shared by many Indonesians.
Basically, yes, there is no waste because the premium you pay is likely to be
far less than the benefits you can get later when financial losses occur.
Through insurance, you can better control the risk of loss in the form of fixed
premiums.
If so important is the existence of insurance to
support financial management okay, what are the benefits of health insurance
that we need to understand? The following is for a more detailed explanation
1. Reducing financial risk
As explained above, every time we face various risks
that can give birth to financial losses. For example, falling ill to drain
medical expenses, and so on.
By having insurance, you can manage finances more
calmly. So that at any time you need money or financial losses, personal
financial condition is not affected because there is insurance to cover it.
You do not need to worry if at any time something
unexpected happens such as illness or an accident. This insurance benefit helps
you in reducing unexpected expenses. Daily routine expenses are not disrupted.
Because, there is a guarantor who gives compensation.
2. More freely invest
Good financial management should pay attention to the
adequacy of two things, namely emergency funds and life insurance as well as
health insurance. After the two main posts are safe, you can be free to start
preparations for the future by investing in financial products. For example in
mutual funds, stocks, or bonds.
What if you first invest in conditions that do not
have emergency funds and insurance? This is not recommended by financial
planners. Why? Investing has a risk that is equivalent to the prospect of
return or profit.
If profits are obtained, then that doesn't matter.
However, if what happens is a loss, where it is open enough to happen, you
might run out of money and get into debt or loan problems.
3. Can at the same time save or investment (but must be observant in choosing a product)
There are several insurance functions that provide
investment or savings services for the future. You who have been registered as
a customer of an insurance service provider can get a guarantee in the form of
return on investment at the end of the contract.
In insurance that is intended for investment there is
a period of coverage that is flexible. There are three coverage periods that
you can choose from 5 years, 10 years, and 20 years. That's when you have a
commitment to pay a premium while investing.
However, before deciding to choose a useful insurance
product or unit link like that, always calculate the premium you pay and the
benefits you will receive. Do not let you pay too much premium but little
benefit you receive.
4. Sign of love for family
When you have dependents like a child or spouse, you
certainly want their lives to always be prosperous, at least financially. You
can express your love for your family by buying a life insurance policy, one of
the priority insurance products that needs to be owned by the breadwinner.
With life insurance, when there is a risk of dying to
the breadwinner, the family left behind does not need to bear financial
difficulties due to the cessation of income.
Provision of life insurance money can be used as
provision to continue the life of the family left behind. After life insurance,
health insurance and education insurance are insurance products that every
family needs to have to protect their financial goals.
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