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Insurance losses

Insurance is insurance that provides indemnity to the insured who suffered the loss of his goods or objects, if due to losses in case of disaster or danger against which the insured is held, whether the loss was as follows:
1. Loss of value in use or
2. Lack of value or
3. Lost profits expected by the insured.
Insurers do not have to pay compensation to the insured during the term of the agreement if the insured object is not a disaster or hazard insured.
Insurance are permitted provided that if they meet the following provisions:
1. If life insurance is a requirement for the objects of the collateral the bank.
2. If insurance can not be avoided, because it is associated by the provisions of the Government, such as insurance for the goods imported and exported.

Insurance Benefits

Insurance is a used by consumers to protect the value of the consequences or the risk of unexpected events that relate to future good life was about health, accident or general issues relating to the life and non life. Where the benefits of insurance covering a range of facilities associated with the purchase of insurance itself. Insurance Benefits help policyholders or beneficiaries in the fight against the loss or danger associated with him.

To protect against losses that will shape the future one thing to do is to pay a regular amount or purchase insurance of insurance companies. In This insurance company guarantees the insured financial indemnity to the holders of its policies or the recipient. This is the most coveted Insurance Benefits.
But with time, more and more insurance companies have been cut and the consequent competition among them has increased. Each company tries to woo all the customers into the fold and in ways that offer more and more innovative insurance benefits to consumers.

Insurance Benefits famous in the world today is low level and an insurance premium to pay. As for choosing an insurance policy, each user sees this level first and then to other related benefits. Lower insurance rates, insurance becomes more affordable. Thus, the rights of all insurance benefits, insurance premium rates are low and the most coveted.

Besides, the next most coveted Insurance Benefits for customers are looking for easy accessibility of insurance. Online access to insurance companies and their policies have made them more favorable to the customer. Now-a-day, customers can define, compare and select their insurance through the click of a mouse from their own homes. It has been run through an online service, insurance companies can already reached more customers and its customer base so that they also corrected significantly.

Several other insurance benefits are:
1. Family health and dental insurance, life insurance of the spouse and children,
2. Accidental death policy for insurance policyholders in addition to that he had actually signed up to, Insurance
3. long-term plans and short-term disability of the policyholder against
4. Unit-linked insurance scheme is meant for the appreciation of the accumulated capital during the same life span, which is managed by experienced investment managers and good learning

Know Your Insurance Definition

Understanding Insurance 

As we have seen one of them how to control risk by insuring a risk to the insurance company. this is considered one of the most important methods in an effort to cope with risk. Therefore many people who argue that risk management with insurance. In fact circumstances which actually is not.

Insurance coverage is a transaction, involving two parties, the insured and the insurer. Where the insured is guaranteed by the insurer, the insured will receive reimbursement of any loss which might be experienced, which is the result of an event which was originally not necessarily going to happen or who previously could not be determined when / when the loss. performance contracts oblige the insured had to pay "premium" that is to pay some money to the insurer, which few per cent of the amount of insurance coverage.
From various angles, insurance has the purpose and techniques of various solutions, among others:
a. In terms of economy, then:
The goal:
reduce the uncertainty of the results of the work done by a person or company in order to meet the needs or achieve goals.
Technique:
by transferring risk to other parties and other parties combine a number of risks large enough so that it can be estimated with more precision the magnitude of potential loss.
b. In terms of law, then:
The goal:
transferring the risks faced by an object or a business activity to another party.
Technique:
through payment of premiums by the insured to the insurer in the compensation contract (insurance policy), then the risk is transferred to the insurer.
c. In terms of the Rules of Commerce, then:
The goal:
share risks to all insurance program participants.
Technique:
transfer of risk from an individual / company to a financial institution engaged in risk management (insurance companies), which will divide the risks to all participants who handled insurance.
d. In terms of the Community, then:
The goal:
bear the losses jointly among all insurance program participants.
Technique:
all members of the group (group members) insurance program to contribute (in the form of premiums) to sympathize loss suffered by one / several of its members.
e. In terms of mathematical, then:
The goal:
predict the possible occurrence of risk and prediction results were used to divide the basis of risk to all participants (a group of participants) insurance program.
Technique:
calculating the likelihood based on probability theory ("Probability Theory"), conducted by the actuary and the underwriter.