Welcome to PakDosen.co.id, the digital web develops science. This time Mr.Dosen will discuss insurance? Have you ever heard of insurance? Here PakDosen discusses in detail about understanding, type, profit, principles and rejection. Check out the following explanation accurately, not to miss it.
Insurance is a word used to refer to actions, systems, or businesses where financial protection (or financial compensation) for life, property, health and so on.
Getting reimbursed based on unfathomable incidents that can occur such as death, loss, damage or illness, which involves paying dues regularly in the term when exclusively to replace the policy that guarantees the protection earlier. The term “insured” generally refers to everything that receives protection.
Here are some opinions based on experts about insurance, namely as follows:Insurance in Law No.2 Th 1992
Insurance in Law No.2 Th 1992 concerning the insurance business is an agreement between two or more parties, using which the insurer binds itself to the insured, by receiving premium insurance, to provide reimbursement to the insured for loss, damage or loss of profit needed or legal liability of the 3rd party that may be suffered by the insured, which arises according to an uncertain event,or provide a payment based on the death or life of the insured person.
The body that distributes the risk is considered “insured”, and the body that is at risk is considered the “insurer”. The agreement between these two bodies is called policy: it is a legal contract that mentions every term and condition that is protected. The cost paid by the “insured” to the “insurer” for the risk borne is considered a “premium”. This is generally influenced by the “insurer” for funds that can be called in the future, administrative porto, and profit.
For example, a couple buys a house for Rp. 100 million. Knowing that losing their home would lead them to financial ruin, they took the protection of coverage dues on the form of a residential ownership policy. The policy will pay for the replacement or repair of their home in the event of a disaster. The insurance fee company regarding them is insurance of Rp1 million per year. The risk of homelessness has been channeled based on the owner of the residence to the insurance premium company.Insurance in the Trade Law Code (KUHD)
Understanding Insurance from the Code of Trade Law (KUHD), about insurance or coverage for life, Chapter 9, Article 246: “Insurance or Coverage is an agreement by which an insurer binds himself to an insured person, uses to get a premium, to compensate him for a loss, damage or loss of expected profit, which he may suffer due to an incident that is not exclusive.”Insurers Use Actuarial Science
Insurers use actuarial science to calculate the risks they estimate. Actuarial science uses mathematics, especially statistics and probabilities that can be used to protect the risk of estimating claims in the past using reliable accuracy.
For example, many people buy a residential ownership contribution policy and then they pay insurance to the insurance insurance company. If a protected loss occurs, the insurer is obliged to pay the claim. For some insured, the insurance profit they receive is much greater than the money they have paid to the insurer.
Others may not make claims. When averaged of all policies sold, the total claims paid out are lower than the total dues paid to the insured, using the difference is porto and profit. Insurance Benefits
Here are the benefits of insurance, among others, namely:Provide calm if there may be unexpected events in the future that could demand unexpected expenses.As An Investment and SavingsHelps Minimize Losses if something happens such as loss, as well as disasterHelp Manage Finances because the provider of this coverage contribution service will provide compensation.Types of Insurance
Here are still some types of premiums, namely the following:Health Insurance
Health insurance means an insurance that provides insurance for health cases caused by a disease or accident.Life insurance
Life insurance is a dues coverage that shows collateral for the disaster of a person who is shouldered using the distribution of financial benefits.Vehicle Insurance
Vehicle insurance is a type of coverage contribution that provides premium facilities to vehicles that find loss, damage and others.Education Insurance
Education insurance is a premium that covers a good educational life, such as premiums according to Prudential and BNI Life Insurance.Business Insurance
Business insurance means a premium that covers the company in business activities, such as losses at very large amounts, damages and losses.Home and Property Ownership Insurance
Home and property ownership insurance is insurance that shows the facilities regarding the owner of the residence according to a risk, for example damage to the residence or damage to direct goods. Advantages of Insurance Companies
Insurance companies also receive investment benefits. This is obtained based on the insurance investment received until they are obliged to pay the claim. This money is considered a “float”. Insurers can get profits or losses according to the price of the float change and also interest rates or dividends in the float.
In the United States, the insurance company’s property loss and loss was $142.3 billion in the five years ending in 2003. But total profit in the same period was $68.4 billion, becoming the output of the float. Principles of Insurance
Here are some principles on the contribution of coverage, namely the following:Insurable interest The right to insure, which exists on the basis of a financial relationship, between the insured and the insured and legally recognized.Utmost good faith An action to express carefully and completely, all material information (material fact) about something that will be insured is also requested also nir. This means: the insurer must confidently explain clearly everything about the extent of the terms / conditions of the insurance and the insured must also provide visible and correct coverage of the object or interest insured.Proximate cause An active, efficient cause that causes a chain of events that causes an impact in the absence of an intervention that begins and is actively based on a new and independent source.Indemnity A procedure in which the insurer provides financial compensation in its efforts to place the insured in the financial position he has shortly before the occurrence of losses (KUHD articles 252, 253 and affirmed in article 278).Subrogation Transfer of claimable rights based on the insured to the insurer after the claim is paid.contribution The right of the insurer to invite other insurers who both bear, but not must be the same obligation to the insured to participate in indemnity.Insurance Rejection
Some people suspect premiums as a form of betting that applies during the policy period. The coverage dues company is betting that the property of the non-buyer will be lost when the buyer pays the money. The difference in porto paid to the insurance dues company against using the amount they can receive if an accident occurs is almost the same as if someone bets on the 2nd ball (for example, 10 to 1).
For this reason, some trust groups including the Amish avoid premiums and rely on the support received by their communities when disaster strikes. In a closely connected and supportive community where people can help each other to recreate lost property, this plan can work.
Most people can effectively support the system for example above and this system will not work for a big risk. Insurance Elements
The elements of insurance include the following: 1. Premium