Insurance is of course many kinds considering the main function of insurance is to protect against risk, so in theory those who have risks must be insured. In Indonesia itself there are various types of insurance , to find out the list of insurances in Indonesia you can read them here.
This is the most common type of insurance in Indonesia. You may not realize that you already have health insurance . This insurance is purchased directly through an insurance agent, or given to some health facilities where you work.
This insurance functions to cover medical expenses when you are sick, or to cover hospitalization costs. Several types of insurance products circulating in Indonesia include:
- Alisya Care health insurance from Allianz
- Manulife Pro Health Insurance . insurance coverage until you are 99 years old.
- Smartcare Executive from Ala General Insurance
This is a type of insurance that is popular in Indonesian society. Actually, the function of this life insurance is to protect the risk when you die. and insurance will be given to the bereaved family.
There are two types of life insurance, namely Term Life and Whole Life , maybe some of you are wondering what is the difference between the two types of insurance. Let’s discuss the difference between Term Life Insurance and Whole Life Life Insurance .
Term Life Insurance
is a type of life insurance that has a certain term for example 1.5 or 10 years. The characteristics of term life insurance are usually the premium deposit money will be forfeited at the end of the period. but the value of the sum insured for term life is much greater. Some of the term life insurance products include:
- Term life insurance from Sun Life
- ProActive Plus from Manulife . has the advantage of automatic renewal at the end of the contract without repeated health checks.
Whole Life Life Insurance
is a type of life insurance that has a lifetime of protection. the premiums are usually more expensive than term life. This type of life insurance has a cash value that will be given to you if the person covered by this insurance does not die during the contract period. Some of the whole life insurance products include:
- My Protection Insurance from Allianz
- Asurani Pro Whole Life from Equity Life Indonesia
is a type of insurance that protects your children’s education. Usually this type of insurance can be echoed with life insurance. Please also read the 10 Best Insurance Lists in Indonesia .
Other Types of Insurance
- Retirement Insurance
- Home Insurance
- Car insurance
- Unit Link
- Sharia Insurance