For the type of insurance. It should be understood that insurance characteristics are protection for risks that we can not deal with on our own. For example, health costs and income cuts due to death or permanent disability. But there are also risks that can still be faced with the preparation of emergency funds, so it is not suitable to be protected by insurance.
But sometimes people are still often confused and confused,with type of insurance, which insurance products are right for them. Some conditions even often reversed in providing protection. For example, insurance for outpatient taken, but insurance for critical illnesses that need expensive costs just abandoned.
In fact, if sick and have to be outpatient, the necessary cost is still sufficient to cover with the fund of emergency savings. Of course, this is different when the flowing critical illness that the cost of treatment can be as infinite.
In order for you to avoid the wrong protection or confused choosing insurance products, the following insurance is important to have, among others:
Confused looking for the best and cheapest health insurance? Check out the solution!
1. Health Insurance
Health Insurance. Take advantage of health insurance facilities
Unpredictable healthcare costs and along with a practical but unhealthy lifestyle make health insurance essential for families and the first priority. Health insurance products today also vary, which can be adjusted to your budget.
Family health insurance provides protection for the whole family that allows you to be comfortable and easy in planning your family finances. Why take family insurance is important?
Protecting families is a priority for all parents. And private health insurance can provide peace of mind with the guarantee services it provides.
Taking family health insurance products need not be expensive, but can choose the required protection coverage. Some plans may be selected, whether they include care only when you are in the hospital or also road protection.
Health insurance is an important part of your health plan. This protection will contribute to the ease in planning budget allocations for your family's regular maintenance costs.
2. Accident Insurance
Accident insurance. Protect yourself with accident insurance
Kaka is the risk of the greatest consequences from the financial side. Accidents can happen during working conditions or traffic accidents. Consider the working conditions and your daily activities, whether including accident-prone risk or not.
It is said to be risk-prone when you are working in positions related to malicious work tools such as production machines or daily activities with high mobility.
Because the risks on the road as well as at work, can not be predicted. So comprehensive protection against those risks is important to do in order to avoid them. Self-accident insurance premiums are also relatively inexpensive, with a premium of hundreds of thousands but the replacement of all costs including loss and permanent disability and death can cost up to USD50k.
3. Travel Insurance
Travel Insurance. Travel protection with insurance
If you and your family belong to a group of people with high mobility, often out of town or even abroad, aka travel insurance products are a top priority.
In order for your vacation and your service to stay comfortable and safe, you and your family should buy travel insurance. In recent years, travel insurance has become one of the most popular insurance products, because the price is very.
Travel insurance can be taken per travel period or directly one year. If your traveling frequencies are relatively frequent, for example, overseas 4-5 times a year, it's worth taking an annual travel insurance package. Conversely, if you rarely travel, you should take per travel period only, as this will save your travel insurance premium.
4. Car Insurance
Car insurance. Illustration of motor vehicle protection
The car has become a necessity of life that needs to be calculated in the present day. Evident from the rise of toll road development, which shows that the growth of four-wheeled vehicles is special savings.
The main benefit of car insurance is the financial tranquility gained because of the risk of accident or theft and so forth may happen. The specific benefits that can be gained from this car insurance vary, based on the coverage obtained.
Common examples include third-party lawsuit protection, and all sorts of slightest risks to the car if you take a type of all risk insurance product (total protection).
By having car insurance, can maintain the position of the selling price is expensive. Proper care of the car will certainly help keep its value. Losing valuable assets like a car due to a lack of insurance is a savings act that is not wise.
5. Old Age Insurance
Pension. Prepare your retirement well
Make no mistake, old age insurance is also worthy of calculation and well prepared. At the age that is no longer productive, the only thing that can be relied upon is the old age pension, to stay independent and not bother other family members.
Normally, entering the retirement age is 55 years - 60 years. Upon entering retirement age, all it takes is enjoying life with the funds already earned during the work. But unfortunately, not a few people are late or do not realize the preparation for retirement for any various reasons, including:
Always feel the salary is less and not enough for the preparation of retirement
Salaries that are only sufficient for daily needs are often used as a not ready to set aside funds for pensions. Inevitably, you do have to make special savings for this condition.
To get financial security when retiring later, start saving from now on. Make separate savings for monthly expenses and emergency funds, as well as for pension funds.
Wasteful alias big pegs rather than poles
The key to another pension preparation does not be extravagant. Distinguish between needs and wants. You can set aside about 10% of earnings for those needs or adjust to other needs.
Save money on relatively secure investment products and attractive returns (interest/return). It's good to do a survey first to some financial institutions. In addition, you can also seek opinions from relatives who also use savings as a pension fund.
Forget the time that goes on and feels young
Time is running fast. Many people do not realize that their productive age continues to decrease. You must start to care about this. Age makes increases, there is an increased risk of disease that may reduce or even stop your productivity.
Without any risk of illness, age before retirement is definitely decreased productivity. So, from now on control your expenses, add income, reduce unproductive debt, add savings, and invest in order to prepare for retirement later.
Think pension fund already underwritten by insurance from workplace
Everyone's lifestyle is different. Do not rely solely on pension insurance from workplace insurance only. Because we certainly never know until when work in the company.
You must be smart to diversify your investments for retirement later. Remember, retirement is a time we enjoy hard work so far. So it must be well prepared.
Feel still healthy and fit
Health conditions may change drastically if we fail to keep it well. So do not always feel healthy and okay so forget to prepare for this retirement.
Prepare Insurance and Plan Finance for a Better Life
One important and fundamental knowledge in a family is making good financial planning. Savings, investments, and insurance are important points to be included in long-term financial planning.
In a family, the above insurance products are at least important to follow, but of course tailored to your needs and abilities. Enjoying life well and living the old days without constraints will make it more secure and comfortable, right?
READ ALSO: 5 MAIN FUNCTION OF INSURANCE
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