2. 10 Types of Insurance and Examples You Can Choose for Future Guarantees

There are many types of insurance and examples in Indonesia. Starting from life insurance, health insurance, property insurance, to education insurance. But do you know why there are so many different types of insurance? This is because insurance is useful for guaranteeing or providing compensation against risks or bad possibilities that occur for insurance holders. Well, that's the risk that groups insurance into certain types. In short, the type of insurance can make it easier for users to choose the most appropriate insurance for them. The following are the types of insurance along with examples of companies that provide it.

The following types of insurance and examples

1. Health Insurance

Is a type of insurance that covers reimbursement of medical treatment costs due to illness or accident. The benefits consist of inpatient and outpatient care, childbirth, to eye and dental care. For example: AZA Mandiri Smartcare Executive, Cigna Proteksi Sehat Simas Sehat Gold, etc.

2. Life Insurance

Provide sum assured (UP) to the family/heirs if the customer dies. Some life insurance products also provide financial protection in the event of a risk of total or permanent disability. For example: Simas Jiwa SIJI Guard 4, Pacific Life JELITA, Ciputra Life Citra Guaranteed 50, etc.

3. Accident Insurance

Insurance products that cover the risk of accidents, benefits received by the insurance holder in the form of sum assured if the insured dies or has a disability. For example: Allianz Personal Care, BRI Life Acci Care, ACA AsuransiKu, and many more.

4. Car Insurance

An insurance program that compensates for losses in the event of damage/loss of a car due to an accident or damage caused by a natural disaster. For example: Sinarmas, Adira Syariah, ACA, Tugu Pratama, etc.

5. Motor Insurance

An insurance product that provides compensation if the motorbike is damaged or lost. However, most customers usually take loss insurance products only. However, there are also all-risk motorbike products, although they are rarely chosen. Examples of insurance providers: Adira MotoPro, Sinarmas Simas Motor, Astra Buana Garda Motor, etc.

6. Education Insurance

Education insurance guarantees education funds for children if parents experience the risk of permanent/total disability and death. The principle is similar to life insurance, only it is given in stages according to the child's education level. For example: AXA Mandiri, Manulife Education Protector, Prudential PRULinknEdu Protection.

7. Dual Purpose Insurance

Endowment insurance is an insurance product that combines savings accumulation. So, premiums paid will be allocated to protection and savings funds. Later, the customer will not only get the sum insured, but also get the cash value at the end of the policy period. This product can be found in examples of insurance such as: Prudential USave PRUStar, Astra Life AVA IMPLAN Protection, Manulife MiFuture Income Protector, etc.

8. Property Insurance

Is a type of insurance that provides financial guarantees in the event of unwanted things happening to the property (house) and the assets in it. The incident could be due to fire, natural disaster, to theft. Examples of property insurance products include: ACA Rumah Idaman, Allianz Rumahku Plus, Adira Place of Business, and many more.

9. Travel Insurance

Travel insurance is a type of protection that bears the risk if the insurance holder experiences unwanted things when traveling, whether on a business trip or traveling. The risk of this trip could be due to an accident, illness, or loss of goods. This insurance is divided into domestic and foreign (overseas) travel insurance. For example: Adira insurance, Sompo insurance, and Sinar insurance.

10. Corporate Insurance

Is insurance that provides protection to employees of a corporation. Generally, companies provide insurance in order to maintain employees as valuable assets that will maintain the continuity of the company's business. The types of corporate insurance above are group life insurance and group health insurance which will be given to policyholders while they are employees at the company. An example of a provider is Manulife.

That's information about the types of insurance and examples in Indonesia. When you want to choose insurance, it's a good idea to compare various insurance products first. Understand all the rules and conditions of the insurance, starting from the price, coverage benefits, to the company profile. With insurance, make future protection a necessity that can provide certainty for your survival and that of your family in the future.