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Post : Cautious Before Buying Insurance
Title : Cautious Before Buying Insurance

Cautious Before Buying Insurance

Looking at the title, the marketing of insurance must be prepared ready berkomen in my writing, yes ... wait. first let's read to completion. My goal is simply to share what I know, because I've become underwriter (the person doing the selection of the prospective insured risk) in one of the insurance company for 11 years. My goal for us to be wise in insurance.

Insured means bestow the risk of financial loss from an insured person whose soul (the insured) to the insurance company. So as to minimize the risk to be borne by us or our families in case of unwanted things. Insurance benefits, new really felt when we make the claims process (filing insurance benefits).

For example, when my husband had hernia surgery, we only pay Rp. 75,000 to the hospital, the rest is paid by the insurance company.

Not a few complaints that I hear complaints from people who have bought insurance, so that not a few people who live there reject the current offer an insurance agent, a bad experience with the following reason:

• I've been paying insurance premiums, but the time of filing the claim, my claim is not paid 
• The premium that I have paid charred, but I've paid for several years. 
• I feel lied to an insurance agent, he said pay him only 5 years, it should be for life 

So here goes, it's not the same insurance with savings. Although today many insurance products combined with investment. Due to be able to bear the financial risk of loss are transferred from the prospective insured, the insurance company sets the cost of insurance / risk premium to be paid by the insured for a certain time. This is so that the magnitude of the risks covered according to the premiums paid, the insurance company also make the process of risk selection.

Why are filing an insurance claim is denied? usually caused by the following:

1. Prospective insured does not mention the actual conditions at the time of filling Proposal Letter Life Insurance / Health (no falsification description / data) 
2. The cause of claims included in the submitted article in the Insurance Policy Exclusions 
3. For hospitalization insurance, when filing a claim, the policy is still in the waiting period and the occurrence of claims caused by disease / disorder preexisting health. 

Then there are the things we should consider before agreeing to purchase an insurance product:

• Ask the Insurance Agent to the detail, the benefits to be received, the amount of premium, how long must pay the premium, whether the policy can be recovered in the event of late payment of premium, how to process when going to file a benefit / claim. 

• Do not be tempted to get a great return on investment and a large sum because usually the premium paid is also not small. Adjust premiums will we pay with the ability to pay. Because once again, insurance is not the same as saving, although there are several products that provide living benefits (in the form of premium deposit / return on investment), but usually only be taken after a certain period of time. Preferably, the amount of insurance premiums that we pay per year does not exceed 20% of our annual income. 

• Explain honestly about the state of health, family health history, conditions of employment, hobbies, habits, financial condition at the time of filing insurance, so that the Company can do precisely the magnitude of the risk analysis, also to avoid the cancellation of the policy by the insurance company and the claim denial because it found the existence of fraud insurance information at the time of the filing. 

• Choose Insurance that have Waiver of Premium rider, so if there is risk of total permanent disability or critical illness of the insured policy will remain active even if the insured can not work anymore and no income. 

• Do not sign the Insurance Proposal Letter empty, be sure to read the conditions contained in the insurance proposal letter and fill in all the data included in the submission letter correctly and clearly. 
• Briefly read the contents of the provisions contained in the policy after receiving it, so if there are things that are not in accordance with what is described agent can be asked and acted upon. 

• Usually within the policy, attached a copy of our Insurance Proposal Letter sign, make sure that the copy of the Insurance Proposal Letter in accordance with which we fill up before the insurance is approved. 

• Lastly, do not buy insurance products only because discomfort or marketing agent, but adjust to the needs and learn first how to condition and reputation of the insurance company whose products we will buy 

Hopefully Helpful.

Here is the end of this article Cautious Before Buying Insurance

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