Cheap or Expensive Insurance Depends on What?
Cheap or Expensive Insurance Depends on What? This question may arise from you. Healthy finances that characterize is to have insurance. Because with the insurance, the financial condition is protected from the risks that could have peppered your money coffers. Certainly do not want not for one reason be the result of the loss of little by little money from your hard work? If this dilemma situation continues to happen, slowly but surely you go to the threshold of bankruptcy.
Let's imagine if you had an accident then taken to the hospital for immediate help. Without insurance, how much do you have to pay? Say you are required to undergo surgery and must undergo hospitalization for several days. Calculated until you can go home, you have to pay all hospital costs of Rp 10 million.
Another case if you use insurance, just pay Rp1 million then your affairs with the hospital is considered complete. How about the remaining Rp9 million? The insurance company will bear the remainder of the payment. From here it is clear that wearing insurance is important because it relieves the burden of fees that you have to pay.
***
Speaking of data, the Indonesian Financial Services Authority (OJK) mentioned in 2016 that around 11.8 percent of Indonesians use insurance. That means the remaining 88.2 percent do not have protection from insurance. While about 70 percent of Indonesian people already have BPJS Health. Looks a rather large difference between insurance and BPJS Health.
Why is BPJS so desirable rather than insurance? Most people who do not take insurance with insurance premiums that must be paid if you want to be an insurance participant fairly expensive. Naturally they take BPJS rather than insurance. However, they also realize BPJS has a weakness, which is sometimes until reported in the media.
Well, when comparing the two, there are some differences between insurance and BPJS. In terms of premiums, BPJS clearly cheaper. In terms of benefits, simply pay the contribution of BPJS according to class then the participants are entitled to the benefits provided in full. Unlike insurance, the more premium paid the more complete the benefits provided.
While from the side of the ceiling, BPJS does not impose limits such as insurance. In terms of process flow, BPJS participants must go to Puskesmas (Faskes I) first. Unlike the insurance in which the insurer can go directly to the hospital (Faskes II). In terms of partnerships with hospitals, insurance has more hospital partners than BPJS. In terms of overseas use, insurance is more possible than BPJS (except BPJS special TKI).
It would be nice to have both protection: insurance and BPJS. For example, there are obstacles in using BPJS, can switch to insurance. Or want to quickly and want to be treated directly hospital, live insurance. That way, the owned protection feels more complete and insurance participants as well as BPJS have the option to use their protection.
How Does Insurance Work?
 |
| With the Monthly Paid Premium, Worrying For The Future - Source : www.insurance.pa.gov |
As its function as protection or financial protection, the insurance is a contractual agreement between the participant and the insurance company that contains the insurance company's approval to provide the cost to the participant according to the amount of premium paid. While the premium is the amount of money that must be paid insurance participants with the amount set in the insurance policy.
Then, how insurance works? Since the insurance business is a business that takes over the risk of insurance participants to be covered by the insurance company, the premiums paid by the participants each month are used to compensate the losses experienced by the insurer. However, to note, the coverage provided is taken from the accumulated premium paid.
This accumulation of premiums allows the rotation of funds made by insurance companies to pay claims submitted by participants. Well, the accumulation of premiums can be achieved if the insurance company attracts many customers so that many premiums collected.
It should be noted that the insurer uses an indeminity scheme in the payment of claims. Indemnity is a scheme of providing health insurance according to the ceiling received by participants. With indemnity scheme, insurance participants have the right to choose a doctor, have the right to see directly a general practitioner, specialist, or laboratory without having a letter of recommendation. Also got access to all drugs in the hospital.
Insurance companies have also calculated each risk from customers by creating risk statistics. Meanwhile, to make a profit, insurance companies put the accumulated premiums into investment instruments.
Pay Insurance Premiums Can Be Cheap, Provided Considering The Following Factors
 |
| Who Said Insurance Expensive? Know First Factors then Cheap Premium So It's Necessity - Source : www.tomorrowmakers.com |
Cheap or expensive health insurance and life insurance depends on a number of factors. Both factors from the prospective participant side or from the side of the insurance company affect the calculation of insurance premiums that must be paid by the insurance participants. What are these factors?
Factors Of Insurance Users
Here are some factors that affect the amount of premium from the prospective participant.
1. The Amount of Dependents
One of the factors why insurance is cheap or expensive because of the amount of dependents who want to receive the insurance participants. The greater the insurance company's responsibility, the greater the premium paid.
2. Age
Speaking of age, it's good to take insurance while young. Because age so the size of insurance companies in determining the premium. The older the age of the participants, the greater the premium to be paid.
3. Sex
The existence of gender-based distinctions does seem discriminatory. However, this measure is still used by some insurance companies in Indonesia. Because there is a theory that states the age of women is longer than men. Therefore, the premium paid by women is cheaper than men.
4. Period of Insurance
If the participant takes out insurance with a fairly long period of time, be prepared for the high paid premium. Because the longer the period of insurance taken, the greater the risk borne by the insurance company.
5. Height and Weight
There is a hidden risk behind one's height and weight. The higher and the more weight a person is susceptible to disease. Do not be surprised if the insurance participants with high and excess weight will be required to pay premiums more expensive.
6. Work
Various jobs, various risks. Jobs that are at enormous risk make the premiums paid by insurers are getting bigger. As an illustration, outdoor work is higher risk than indoors.
7. Lifestyle
Increasingly modern life of society, especially urban society, impact on people's lifestyle. Smoking, drinking alcohol, or doing high-risk hobbies so factor in the amount of premium paid participants insurance.
8. Health Condition
Before it is decided how much premium is paid, the insurance participants must undergo a medical check up (medical check up). Premiums paid will be expensive if the health conditions of participants are not good or bad.
Factor of Insurance Company
Here are some of the factors that affect the amount of premiums from the insurance company.
1. Return on investment
It is fortunate if the insurance company is selected in both the management of premium accumulation, especially in the placement in investment instruments. Large investment returns make the premiums paid less.
2. Calculated Costs
Fees such as taxes and other fees also affect the amount of premiums. The more these fees, the greater the premium paid.
3. Benefits Provided
Take out the insurance that benefits you really need. The variety of benefits provided by one insurance product makes the premium you pay more expensive.
Confused Not So Reason If You Know How To Easily Can Insurance
Once you know and understand, most people do not immediately take insurance. Usually waiting for the moment become the reason to delay have insurance. If asked why wait, the average answer is still confused. In fact, confused will not be an excuse if you know how easy to be insurance.
Is there an easy way to insurance? In the era of all-high-tech nowadays, just type 'insurance list' in your smartphone browser then a variety of insurance offers will be presented. Well, here certainly takes time to choose which one is recommended. Thank you for visiting. Read more articles below. (***)
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Cheap or Expensive Insurance Depends on What? This question may arise from you. Healthy finances that characterize is to have insurance. Because with the insurance, the financial condition is protected from the risks that could have peppered your money coffers. Certainly do not want not for one reason be the result of the loss of little by little money from your hard work? If this dilemma situation continues to happen, slowly but surely you go to the threshold of bankruptcy.
Let's imagine if you had an accident then taken to the hospital for immediate help. Without insurance, how much do you have to pay? Say you are required to undergo surgery and must undergo hospitalization for several days. Calculated until you can go home, you have to pay all hospital costs of Rp 10 million.
Another case if you use insurance, just pay Rp1 million then your affairs with the hospital is considered complete. How about the remaining Rp9 million? The insurance company will bear the remainder of the payment. From here it is clear that wearing insurance is important because it relieves the burden of fees that you have to pay.
***
Speaking of data, the Indonesian Financial Services Authority (OJK) mentioned in 2016 that around 11.8 percent of Indonesians use insurance. That means the remaining 88.2 percent do not have protection from insurance. While about 70 percent of Indonesian people already have BPJS Health. Looks a rather large difference between insurance and BPJS Health.
Why is BPJS so desirable rather than insurance? Most people who do not take insurance with insurance premiums that must be paid if you want to be an insurance participant fairly expensive. Naturally they take BPJS rather than insurance. However, they also realize BPJS has a weakness, which is sometimes until reported in the media.
Well, when comparing the two, there are some differences between insurance and BPJS. In terms of premiums, BPJS clearly cheaper. In terms of benefits, simply pay the contribution of BPJS according to class then the participants are entitled to the benefits provided in full. Unlike insurance, the more premium paid the more complete the benefits provided.
While from the side of the ceiling, BPJS does not impose limits such as insurance. In terms of process flow, BPJS participants must go to Puskesmas (Faskes I) first. Unlike the insurance in which the insurer can go directly to the hospital (Faskes II). In terms of partnerships with hospitals, insurance has more hospital partners than BPJS. In terms of overseas use, insurance is more possible than BPJS (except BPJS special TKI).
It would be nice to have both protection: insurance and BPJS. For example, there are obstacles in using BPJS, can switch to insurance. Or want to quickly and want to be treated directly hospital, live insurance. That way, the owned protection feels more complete and insurance participants as well as BPJS have the option to use their protection.
How Does Insurance Work?
|
| With the Monthly Paid Premium, Worrying For The Future - Source : www.insurance.pa.gov |
As its function as protection or financial protection, the insurance is a contractual agreement between the participant and the insurance company that contains the insurance company's approval to provide the cost to the participant according to the amount of premium paid. While the premium is the amount of money that must be paid insurance participants with the amount set in the insurance policy.
Then, how insurance works? Since the insurance business is a business that takes over the risk of insurance participants to be covered by the insurance company, the premiums paid by the participants each month are used to compensate the losses experienced by the insurer. However, to note, the coverage provided is taken from the accumulated premium paid.
This accumulation of premiums allows the rotation of funds made by insurance companies to pay claims submitted by participants. Well, the accumulation of premiums can be achieved if the insurance company attracts many customers so that many premiums collected.
It should be noted that the insurer uses an indeminity scheme in the payment of claims. Indemnity is a scheme of providing health insurance according to the ceiling received by participants. With indemnity scheme, insurance participants have the right to choose a doctor, have the right to see directly a general practitioner, specialist, or laboratory without having a letter of recommendation. Also got access to all drugs in the hospital.
Insurance companies have also calculated each risk from customers by creating risk statistics. Meanwhile, to make a profit, insurance companies put the accumulated premiums into investment instruments.
Pay Insurance Premiums Can Be Cheap, Provided Considering The Following Factors
|
| Who Said Insurance Expensive? Know First Factors then Cheap Premium So It's Necessity - Source : www.tomorrowmakers.com |
Cheap or expensive health insurance and life insurance depends on a number of factors. Both factors from the prospective participant side or from the side of the insurance company affect the calculation of insurance premiums that must be paid by the insurance participants. What are these factors?
Factors Of Insurance Users
Here are some factors that affect the amount of premium from the prospective participant.
1. The Amount of Dependents
One of the factors why insurance is cheap or expensive because of the amount of dependents who want to receive the insurance participants. The greater the insurance company's responsibility, the greater the premium paid.
2. Age
Speaking of age, it's good to take insurance while young. Because age so the size of insurance companies in determining the premium. The older the age of the participants, the greater the premium to be paid.
3. Sex
The existence of gender-based distinctions does seem discriminatory. However, this measure is still used by some insurance companies in Indonesia. Because there is a theory that states the age of women is longer than men. Therefore, the premium paid by women is cheaper than men.
4. Period of Insurance
If the participant takes out insurance with a fairly long period of time, be prepared for the high paid premium. Because the longer the period of insurance taken, the greater the risk borne by the insurance company.
5. Height and Weight
There is a hidden risk behind one's height and weight. The higher and the more weight a person is susceptible to disease. Do not be surprised if the insurance participants with high and excess weight will be required to pay premiums more expensive.
6. Work
Various jobs, various risks. Jobs that are at enormous risk make the premiums paid by insurers are getting bigger. As an illustration, outdoor work is higher risk than indoors.
7. Lifestyle
Increasingly modern life of society, especially urban society, impact on people's lifestyle. Smoking, drinking alcohol, or doing high-risk hobbies so factor in the amount of premium paid participants insurance.
8. Health Condition
Before it is decided how much premium is paid, the insurance participants must undergo a medical check up (medical check up). Premiums paid will be expensive if the health conditions of participants are not good or bad.
Factor of Insurance Company
Here are some of the factors that affect the amount of premiums from the insurance company.
1. Return on investment
It is fortunate if the insurance company is selected in both the management of premium accumulation, especially in the placement in investment instruments. Large investment returns make the premiums paid less.
2. Calculated Costs
Fees such as taxes and other fees also affect the amount of premiums. The more these fees, the greater the premium paid.
3. Benefits Provided
Take out the insurance that benefits you really need. The variety of benefits provided by one insurance product makes the premium you pay more expensive.
Confused Not So Reason If You Know How To Easily Can Insurance
Once you know and understand, most people do not immediately take insurance. Usually waiting for the moment become the reason to delay have insurance. If asked why wait, the average answer is still confused. In fact, confused will not be an excuse if you know how easy to be insurance.
Is there an easy way to insurance? In the era of all-high-tech nowadays, just type 'insurance list' in your smartphone browser then a variety of insurance offers will be presented. Well, here certainly takes time to choose which one is recommended. Thank you for visiting. Read more articles below. (***)
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