Understanding Insurance
Understanding Insurance when viewed from a legal perspective is:
"Insurance or insurance is an agreement between two (2) or more parties where the insured person binds himself to the insurer, to accept insurance premiums to provide reimbursement to the insured for loss, damage or loss of profits that are expected or legal liability to third parties which may be in pain because of an event which the insured is not certain, or to provide payment for a person who dies or lives in pertanggungkan. "
Principle - Basic Principles of Insurance
There are several basic principles are very important insurance that should be filled either by the insured or the insurer to the contract / agreement applicable insurance (not canceled).
The principal prinsip2 Insurance is as follows:
* The principle of good faith (Utmost Good Faith)
* The principle of interest that can in Insure (Insurable Interest)
* Principle of Indemnity (Indemnity)
* The principle of Subrogation (Subrogation)
* Principle of Contribution (Contribution)
* Principle of Cause and Effect (Proximate Cause)
Product insurance
1. Insurance
Closing the coverage for losses due to damage or destruction of property insured due cause - a cause or event which the insured (because - cause or danger - the danger referred to in the contract or insurance policy).
In general insurance, the insurer receives a premium from the insured and in case of damage or destruction to property insured, the indemnity will be paid to the insured.
2. Life Insurance
Closing the insured to pay some compensation for death or survival of a person within the period of insurance.
In life insurance, the insurer receives a premium from the insured and if the insured dies, the benefits (sum assured) is paid to the beneficiary or a person designated as a recipient of benefits under the policy.
General Insurance Products
* Fire Insurance
* Ocean Freight Insurance
* Motor Vehicle Insurance
* Marine Hull Insurance
* Construction All Risk (CAR)
* Property / Industrial All Risk
* Customs Bond Insurance
* Insurance Surety Bond
* Personal Accident Insurance
* Health Insurance
* Etc.
Life Insurance Products
* Pure Life Insurance (Whole Life Insurance)
* Long Term Life Insurance
* Short Term Life Insurance (Term Insurance)
Insurance Products The Social Insurance Program
* Personal Accident Insurance issued by Prog
* Health Insurance and Old Age Savings incurred by PT JAMSOSTEK
Life Insurance Products in Social Insurance Programs
* Pension Plan and Old Age Savings for civil servants and armed forces organized by PT. TASPEN and PT ASABRI
Tariff Definition
Insurance rates are:
* A unit price of a certain insurance contracts, coverage for certain objects, against specific risks, and in particular use for the future as well.
* Tools to measure the risk of a realistic (the reality of risk), the range and depends on the quality, the greater the possibility of loss, the greater the fee.
Object Coverage
Ie all objects (property and people) that can be in pertanggungkan rules because of the possibility to experience a risk that could result in losses in the review of financial terms. Example:
* House residence, buildings, factories, businesses, etc.
* Cars, boats, airplanes, etc.
* The soul of man, health, etc.
* Project development and installation of machinery
* Transportation of goods
* Etc.
SPPA (Insurance Closing Request Letter)
SPPA is the entry form that must be filled by applicants in order closure of Insurance to be used by the insurer to evaluate the risk level of the objects insured. The SPPA data is filled in around the object insured, the condition around the object insured, the insured data, details of the insured object, the level of danger, and others.