Insurance companies can be said to be popular in today’s era. With good marketing methods, insurance has succeeded in reaping a large number of customers from year to year. In fact, the products offered are increasingly varied, so customers can choose according to their needs.
In addition, insurance companies also provide attractive benefits that are a pity to pass up. The following are the insurance benefits that can be obtained after being valid as a policy.
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Insurance Provides Certainty
Insurance is not a financial product that likes to give false hopes, because you get financial certainty after being a valid policy. If one day you bear large costs, such as accidents, then insurance can be redeemed to cover these costs.
So, the costs that you should pay are the responsibility of the insurance company. It’s not all, but part of the cost. Even so, it is still profitable because you can save or divert these costs for other important things.
You Can Minimize Some Risks
Let’s just say that during a natural disaster, your house is leveled to the ground. However, you can rebuild it as before with the help of funds from home insurance. The company will provide assistance in the form of cash to reduce losses due to the costs of the misfortune you face.
Without insurance, you cannot expect any assistance, except assistance from the government. That is also a nominal amount, which in fact you have to add more personal money to be able to build or buy a new house. Read What are the Risk Criteria that Can Be Insured.
Costs Paid Are Equal to Benefits Received
Some of you may be wondering about the coverage fees provided by the insurance company. Take it easy, because this fee is worth the premium paid every month. For example, if you pay a premium of USD 100 per month, the insurance coverage given by the company must be greater than the amount paid.
However, the insurance company needs to look at your media footprint first. For example, if you want to buy health insurance, the company will see a history of previous illnesses. The more severe the disease, the greater the premium that needs to be paid.
As a container for savings
For some insurance products, such as endowment insurance, insurance is actually useful as a means of saving money. Where the policy is allowed to withdraw cash that has been paid since joining for the first time. This money can be withdrawn when you die and will be given to the family you have left behind.
As for the amount, it depends on how much premium is paid and how long it takes for the policy to join the insurance. However, the company has terms and conditions for the withdrawal process. Make sure you know it, so the procedure can be explained to the family to make the withdrawal process easier later.
As Capital to Build a Business
Want to build a business, but are blocked by capital? Take it easy, the premiums that are due in essence can be used as capital to open a business later. Indeed, it cannot cover all costs for business, but at least it can help with lack of capital.
In addition, you can also insure the business. If at any time something uncomfortable, such as a fire, happens, you will get a liability fee that is useful to cover business losses.
Option to Pay Debt
One of the best ways to deal with a financial crisis is to go into debt. However, the amount of interest charged can increase the likelihood of default which will automatically increase the amount of debt itself.
But thanks to insurance, these debts can be paid off. Repayment can be made after the insurance is due, so you can be free from torturous debt. As much as possible, avoid creating new debt so that the financial condition does not re-shake as before.
Make Anyone Feel Calm
Any bad possibilities that require costs, such as accidents, falling ill, debt, and a failed business can actually be covered by insurance. Yes, you don’t need to bear this cost or loss alone, because the insurance company is ready to step in to provide assistance in the form of reimbursement.
This will automatically make you feel calmer when a disaster strikes. Even under certain conditions, it can make you excited to live life again. This is because your personal savings are still safe and can still be used as financial provisions in the long term.
The Conclusion #
Insurance is a financial product to consider #
Indeed, joining insurance will increase your expenses every month. However, seeing the benefits and conveniences that can be obtained, both in the registration process, payment, and disbursement of funds, are you sure you don’t want to join? Consider the long-term prospects because when you calculate it, you will not lose at all if you join the insurance company.
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