Table of contents:
- The difference in benefits from life and accident insurance
- What is life insurance and why is it needed?
- What is accident insurance and why do you need one?
Age and accidents such as accidents are things that may happen, but their arrival cannot be predicted. If you want to prepare for this, you can consider getting life and accident insurance. However, you should first know the benefits and differences of life and accident insurance. What are some of them?
The difference in benefits from life and accident insurance
If you look at foreign cultures, insurance is one way to guarantee or protect yourself and your family from accidents that often come suddenly. However, in Indonesia, insurance has not become a major consideration when building a family or preparing for a future life.
Some of the benefits of the following insurance (especially life and accident insurance) can be a trigger for you to start considering insurance as life insurance to make it calmer.
What is life insurance and why is it needed?
No one wants to think about death too often. It's just that, this will happen to everyone and no one knows when the time will come.
Living a healthy and balanced lifestyle is a form of guarantee for the future. On the other hand, having life insurance is one way to ensure the survival of you and your family from a financial point of view.
Life insurance is needed, especially for people with families who depend on it as a source of income. This is because life insurance can provide guarantees, usually in the form of money in a certain amount or gradually on the dependents you have specified. The amount of dependents given depends on yourself.
The benefits of life insurance that you need to consider as reported by Lifehappens.org are as follows:
- Help ensure the happiness and health of the family left behind
- Not as expensive as you think so it will not be burdensome for your financial condition
- There are insurance companies that return premiums of up to 120 percent
- Additional accident / permanent disability benefits due to accidents
What is accident insurance and why do you need one?
Even though it has different benefits from life insurance, accident insurance is no less important.
According to data from the Indonesian Police which was published on the official website of kominfo.go.id, every hour on average 3 people die from road accidents. The data also states that the large number of accidents was caused by several things, namely:
- 61% of accidents are caused by human factors, namely those related to the ability and character of the driver.
- 9% due to vehicle factors (related to meeting roadworthy engineering requirements)
- 30% caused by infrastructure and environmental factors.
Considering that the accident rate in Indonesia is quite high, accident insurance is one of the guarantees that you need to consider.
Accident insurance provides coverage for you, your spouse, and children (who are old enough). This insurance usually offers protection by covering most of the costs needed when an accident occurs, especially for medical expenses.
Accident insurance can also provide coverage if the insurance holder loses his life, and depends on the type and initial agreement.
In simple terms, the benefits of life insurance and accident insurance are still indirectly related. However, the differences can be seen from the priorities.
Some life insurance provides coverage for accidents as well and some accident insurance provides coverage for death. If you need a reference about what the coverage or benefits of a life insurance are, you might consider choosing an insurance company that offers the following protection:
- Special Benefits due to accidents due to natural disasters or public transportation accidents or fire
- Benefits of the highway due to traffic accidents for passengers or drivers of four-wheeled vehicles
- Hari Raya benefits due to accidents during holidays
- Provides additional benefits due to accidents, for example 10% of the sum insured, for policyholders or their heirs
You can consider both of these insurance to ensure your life and help you live happier. One thing to remember, adjust insurance to your needs. Finally, choose insurance that also provides the best deals so that it doesn't burden you in the future.
