Understanding Insurance when the review of the legal terms are

Understanding Insurance when the review of the legal terms are:

"Insurance or coverage is an agreement between 2 (two) or more parties where the insured person binds himself to the insurer, to accept insurance premiums to reimburse the insured for loss, damage or loss of profits that is expected or legal liability to third parties which may be in pain the insured because of an uncertain event, or to provide payments for life or death someone in pertanggungkan. "

Principle - Basic Principles of Insurance

There are several fundamental principles of insurance is very important that must be fulfilled by both the insured and the insurer for a contract / agreement applicable insurance (not canceled).

The principal prinsip2 Insurance is as follows:

Principle of Good Faith (Utmost Good Faith)

The principle of interest that can Insure (Insurable Interest)

Principle of Indemnity (Indemnity)

The principle of Subrogation (Subrogation)

Principle of Contribution (Contribution)

Principle of Cause and Effect (Proximate Cause)

Insurance Products

1. Insurance

Closing the coverage for loss due to damage or obliteration insured property due cause - cause or occurrence of an insured (cause - a cause or danger - the danger referred to in the contract or insurance policy).

In insurance, the insurer receives premiums from the insured and in case of damage or obliteration of the insured property damages will be paid to the insured.

2. Life insurance

Closing the insured to pay some compensation due to death or survival of a person within a period of coverage.

In life insurance, the insurer receives premiums from the insured and if the insured dies, the benefits (sum assured) is paid to the beneficiary or a person designated in the policy as a recipient of benefits.

Insurance Products

Fire insurance

Sea Transport Insurance

Motor Vehicle Insurance

Boat insurance framework

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)

Product Insurance Program In Social Insurance

Personal Accident Insurance issued by PT Jasa Raharja

Health Insurance and Old Age Savings issued by PT JAMSOSTEK

Life Insurance in Social Insurance Programs

Pensions and Savings Program Old for civil servants and the Armed Forces are held by PT. TASPEN and PT ASABRI

Understanding Rates

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.

Tool to measure risks realistically (the reality of risk), which ranges and depends on the quality, the greater the likelihood of loss, the greater the charge.

Object Coverage

Ie all objects (property and people) that can be pertanggungkan rules as it will likely experience a risk that could result in losses in the review of financial terms. Example:

Houses, buildings, factories, business premises, etc.

Cars, boats, planes, etc.

The human soul, health, etc.

Project development and installation of machinery

Freightage

etc.

SPPA (Insurance Closing Request Letter)

SPPA is a form field must be filled in by the prospective insured in order closure of Insurance that will be used by the insurer to evaluate the risk level of coverage is the object. The data is filled in the SPPA is around the object insured, the condition surrounding the object insured, the insured data, details of the object insured, the level of danger, and others.