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Insurance is a term used to refer to an action, system, or business where financial protection (or financial compensation) for the soul, property, health and so forth get a replacement from unpredictable events that can occur such as death, loss , damage or illness, which involves paying premiums regularly within a certain period of time instead of a policy that guarantees such protection.




The term “insured” usually refers to everything that gets protection.

Basic Insurance Principles

In the insurance world there are 6 basic principles that must be met, namely:

• Insurable interest, namely the right to insure, arising from a financial relationship, between the insured and the insured and legally recognized.

• Utmost good faith, which is an action to disclose accurately and completely, all material (material fact) facts about something that will be insured whether requested or not. The meaning is: the insurer must honestly explain clearly everything about the extent of the terms / conditions of insurance and the insured must also provide clear and correct information on the object or interest insured.

• Proximate cause, which is an active, efficient cause that causes a chain of events that results in an effect without the intervention of one who starts and actively from new and independent sources.

• Indemnity, which is a mechanism by which the insurer provides financial compensation in an effort to place the insured in the financial position he had just before the loss occurred (KUHD article 252, 253 and affirmed in article 278).

• Subrogation, namely the transfer of claim rights from the insured to the insurer after the claim is paid.

• Contribution, which is the right of the guarantor to invite other guarantor who both bear, but do not have the same obligation to the insured to participate in providing indemnity.

Type of Insurance

1. Life Insurance

This type of insurance is known to provide financial benefits to the insured for his death. The payment system for this type of life insurance varies. There are insurance companies that provide payment after death and others can allow the insured to claim funds before his death.

Life insurance can be purchased for self-interest and on behalf of the insured alone or purchased for the benefit of a third person. Even life insurance is also known to be bought in other people’s lives. As an illustration, suppose a husband can buy life insurance that will provide benefits to him after the wife’s death. Parents can also insure themselves against the child’s death.

2. Health Insurance

This type of insurance is also quite well known by the people of Indonesia. Health insurance is an insurance product that handles the health problems of the insured because of an illness and covers the cost of the treatment process. Generally, the cause of the insured’s illness which can be borne by the insurance company is injury, disability, illness, until death due to accident.

Health insurance is also known to be bought for the benefit of the insured or the interests of a third person. Private health insurance companies such as Prudential, Allianz, AIA, Cigna, and Manulife are among the big names that provide a variety of insurance products to suit the needs of the Indonesian people and are widespread throughout the world.

3. Vehicle Insurance

The most popular vehicle insurance in Indonesia is a type of car insurance that focuses on injury coverage to other people or against damage to other people’s vehicles caused by the insured. This insurance can also pay for the loss or damage to the insured motor vehicle.

Vehicle insurance is one of the general insurance products. This type of insurance had become a boom when the riots broke out in May 1998 because the incident made people’s interest in protection ownership for private vehicles increase dramatically.

The financial site Cermati.com has partnered with well-known insurance companies in Indonesia so you as a customer can compare the best car insurance products with low rates.



4. Education insurance

Dizziness with children’s education costs? This type of insurance will help you overcome. Education insurance is the best alternative and a solution to ensure a better life, especially in children’s education assets. The cost of the premium that must be paid by the insured to the insurance company varies according to the level of education to be obtained later. Understanding the importance of using education insurance for children is now a matter of concern for parents. The high cost of education and other conditions that exacerbate the economy such as the weakening of our currency against the US dollar affect the cost of education for children later. Realizing that this clearly will burden parents, it is not uncommon for parents now to choose to have education insurance. So, education insurance can be classified as the types of priority insurance too, right? You will certainly be helped in taking care of the child’s future.

5. Travel insurance

Maybe for those of you who often travel or travel are familiar with this type of insurance. The various types of insurance also create a variety of protection for travelers. Overall, the function of travel insurance is not much different from the ordinary insurance function as a form of protection for customers with a short period of time that is for the premium buyer to travel until returning home. Benefits and protection that will be gained from having travel insurance include obtaining protection and coverage for accidents that affect premium buyers, personal accident benefits, dependents for emergency medical expenses, repatriation of bodies, medical evacuation, to protection of luggage that has a risk of being lost. or damaged.

6. Business insurance

For those of you who have a business field, this type of insurance is important to consider. In addition to the types of insurance that involve individual protection, insurance that protects businesses is also needed. Business insurance is a protection service against damage, loss and loss in a large amount that may occur in one’s business. This insurance provides compensation for damage caused by fire, explosion, earthquake, lightning, flood, hurricane, rain, collision, until riots. Insurance companies usually offer a variety of benefits from business insurance such as protection of employees as business assets, investment and business protection, comprehensive life insurance for all employees, to health insurance protection packages for employees.

Advantages of Insurance Companies

Insurance companies also benefit from investment. This is obtained from the investment premium received until they have to pay the claim. This money is called “float”
Insurers can get profit or loss from float price changes and also interest rates or dividends in float. In the United States, property losses and deaths recorded by insurance companies were US $ 142.3 billion in the five years ended 2003. But total profits in the same period were US $ 68.4 billion, as a result of the float.

Insurance Refusal

Some people consider insurance to be a form of betting that applies during the policy period. The insurance company bet that the buyer’s property will not be lost when the buyer pays the money. The difference in fees paid to insurance companies against the amount they can receive if an accident occurs is almost the same as if someone bet on horse racing (for example, 10 to 1). For this reason, some religious groups including the Amish avoid insurance and depend on the support received by their community when disaster occurs. In communities where close and supportive relationships where people can help each other to rebuild lost property, this plan can work. Most people cannot effectively support the system as above and this system will not work for big risks.






Answer By Dr Zakir Naik.

Post Author: admin

22 Replies to “Is Medical Insurance Allowed in islam ? | My Insurances Info”

  1. Fuk me nothing like complicating things is there!! So many scholars around the world have watered down the true teaching of islam over the decades no wonder wer all confused and killing each other and none believers make jokes of islam. I am a muslim myself but will never know how to be a true muslim and what to believe is right or wrong. there is no simplicity in islam because of all the scholars who are too busy filling thier own pockets by playing the game devide and rule!

  2. LIC OF INDIA HAVE HALAL PLAN [NON LINKED PLANS WHICH IS NOT RELATED TO MARKET] KNOW YOUR HALAL PLANS AND FOR MORE DETAILS WHATSAPP ME 9379744446.

  3. that means Indian Muslims must not take any assistance or do business with any banks in India as all banks are interest based in India.
    pls share dis info to maximum Muslim ppl please

  4. This is the problem with zakir naik. He is an exceptional daee in comparative religion. But tries to answer questions in all field, even when he is not qualified in that field. He will never say, i dont knoe tgis as that is not my field. He is not saying correctly

  5. Please tell me 10 invention invented in Islam Since Islam form. There is only two condition. One is invention should be before 19th century.( Nowadays people shifting to any where in the world for education, research and jobs.) Second is this invention should be useful for any one. ( Nuclear bomb is not useful for me as a individual I'm not denying fact that this will save my nation but still not useful for me on daily basis.)
    Invention should be in any form. Like, Art, Science, Economy, Maths, Astronomy, Weapons etc.

    For Example. 1) Zero invented in India without it we can't live a single day. 2) Glasses (spectacles) invented in Northern Italy once in life time every one have to use. If you don't need in this age you have to use when you cross 80. ect.

    I did lots of research on this I could found only one invention that is Algebra. That person from Greek not from Arab.

    Islam is very rigid, orthodox, not allow you to explore, as per Islam womens are just for production and sexual satisfaction.
    Islam is very cruel and corrupt religion in sura 4.34 said that strike on women if they dont listen you. Muhammad said in sura 9.40, Give bribe to people to change others religion.
    What a messenger.

    Muslim know that they can not win this world on basis of technology. So they entered in europe by begging and now they are demanding for MOSQUE not for education. They just want to spread Islam all over the world. After that they will fight between them in Shia and Sunni Cast like now days are fighting in seria.

    Because of Quran entire world is suffering. [ 26/11(India), 9/11(US) ]. Quran is just written in random way. Their is no deep thought. This religion is only for whose IQ is below 90. Most poor population found in Muslims because they following Quran. In India 80% Muslims are below poverty line. 68% criminals are Muslim in India.

    When ordinary Muslim become more religious he/she become terriorist and when Hindu becomes more religious he becomes Sanyasi ( He/she left everything and just start chanting of GOD ). Nobody can't defeat Alexander but Indian Yogi defeats him. In India Muslim rural applied so much extra tax on Hindus because of this survival question aries and then lower cast Hindu converted in Islam.Because they were so poor. This Tax called " Jijiya kar".

    If you ask each and every Hindu, what is Hinduism ? You will get different answer from everyone. That is called Hinduism.
    I'm not saying follow Hinduism. Just read 10 Pages of Bhagavad Gita and if you found something interesting then continue reading. Otherwise leave it. I could read Quran 80% because after that I can't found anything new. If you did this Allah will punish you. If you not done this then also Allah will punish you. Nothing else is talk in Quran. There is not written anything that get even little difficult to understand other hand hinduism is very difficult to understand. And difficult things make your life easy and interesting.

    Please google yourself and see what kind of king happen when Muslims are ruling India. Muslim king are killed their own father and family for enjoyment. Also read about The Great Warrior Shivaji Maharaj.

    Please Open your EYES. Dont look at them as a sympathetically. When they get power they start again massacre just they did in Myanmar and every day do in some part of the world.
    Accept Islam if you want to do official gangbang.

  6. I know a lady.. she is a Muslim.. she don't have husband and he died.. her daughter also don't have husband as he left her and went with another woman.. this lady has a baby girl.. so.. is this a good think? Say if that mother died to.reason.. what will happen to that baby girl? At this moment they are very poor and struggling for food..now if they have a policy and if she is not there the company will.pay a huge amount for survive

  7. Wearing western style clothes (Shirt / trouser / tie / blazer etc.) and Islamic cap haram or halal? Speaking western language haram or halal?
    Also, asking women to follow islamic dress (hijab) and men not following any rule (apart from wearing cap and keeping beard) haram or halal?

  8. Insurance are gambling agreements. They inviting to hell. People wish they made of soil. They attack from the right, left, front and behind. They strip people from their dignity. People will drown. Will be on the left side. Debtors. Slavery, genocide, piracy, human trafficking. They strip you naked. They want the ownership on your body. Wake up

  9. I believe that Dr Naik is wrong on this issue. It's better to have insurance and take care of yourfamily with insurance than depending on the community to support you when you would not able to pay medical bills. Which business is not use interest to do business these days? Will you not work because of it?

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