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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.






Tama ba maginvest sa life insurance? Paano maginvest sa life insurance? -pinoytamadinvestor.

Post Author: admin

31 Replies to “Life Insurance Investing: Sulit Ba? – Investing Philippines | My Insurances Info”

  1. The guy who made this video knows nothing about investing 🙂 Basics will tell you that you need protection first you dive into investing. VUL is a good product that covers two purpose (insurance + Investment). Since this is an insurance product (with investment component), syempre may "insurance cost" yun and HINDI HIDDEN CHARGES yun. Its included in the proposal. Also, the risk involved sa life nun ngpapa insure, mas malaki yun sa binabayad nya. GET ME? Kawawa naman ang mga nanood ng video nito. Also, not all advisors are created equal. Baka ang nakausap nya ay wala alam sa investment. Too bad

  2. I love the return of FMETF. I will surely get this in my portfolio. Thank you very much for sharing this information. It will surely make my dream of financial freedom closer.

  3. Prioritizing investment over insurance? Can you hold on to your investment if SAD events hapen? Sickness, accident disability? Don't you know that insurance protects yoir investments?

  4. haha. halatang angdaming mga ahente dito sir o. galit na galit! wla namang snasabi ditong hindi maganda sa video na to about mutual fund man o kung ano man. ang snsabi lng dito e kung pno ka makakaiwas sa management fee na 2%. Which is indeed tru. Kng malakihang pera na yan, ang laki masyado ng 2%.
    Insurance aka "protection" na agad snasabi ng mga ahente. ayan, ang daming nanakot na kesyo madedo daw ung nag iinvest ekla ekla wla ka insurance. dam kona na rinig na gnyan. Isa sa rason kung bat ako nalugi ng more than 95k nun dahil ung pnakuha saking fund nung ahente ng prulife e may kasamang critical ilnes. at dun pala ung mas malaking bnabayaran ko. out of 8500 monthly premiums, 3k lng ang napupunta sa investment, at ang remaining amt e andun sa critical ilness. maygaaad! ilang taon lng ako nun. magbabayad ka ng ganun kalaking premiums?! no wonder kung san san nag ooverseas mga ahente nila. kc andaming napapaikot na kesyo baka mamatay ka or magkasakit ka ng matindi. bat kaya hindi nlng mga sarili nila ang baka mamatay at magkasakit ng ganun e no? Hhaha!!just sayin'.
    Lesson learned the hardest way. Anyway, those were the days…

  5. tanong ko lang po, anyone can comment, sana matulungan nyo ko.

    nag-pay na ako ng 2 monthly premiums for my VUL and decided to discontinue paying and shift to BTID method or just invest. i am aware of the 15-day cooling-off period wherein may right ako to ask for a refund if icancel ko ung policy within that period. However di ko alam kung kailan magsisimula ung 15-day. After approval ba ng policy, mag-run na ung 15 days? or pagkareceive ko ng mga documents? wala pa kasi ako narereceive hanggang ngayon eh. so hindi ko pa nababasa ung buong laman ng policy.

    thanks !

  6. dear pinoytamadinvestor;

    dapat po diniretso mo nlng prinomote yung FMETF kesa kumuha ka pa ng attention sa pagsira sa product ng company. lahat naman yan may mga charges pero disclose naman sa client yun. para san yung higher gains mo kung ma-deads ka "poooooff!" wala kang insurance. life insurance muna sir bago stock market

  7. Sir ung ETF po ba same as mutual fund na sila na maghuhandle ng pera mo..kung sa mutual fund may fund manager na nagiinvest sa mga stocks etc..ung sa ETF po ba ganun din gagawin ng mga brooker

  8. Actually, the investment aspect of VUL insurance is just an extra. What you are really buying is income protection. If you are going to invest in life insurance, think long term. It is a passive investment.

  9. sabi sa napanood ko din sa youtube, hindi maganda ang life insurance, ang insurance company ang priority kumikita, mas okay daw ang term insurance kung gusto mo ng insurance

  10. thank you sir wayne about this video..mula ng mpanood ko to eh ng isip na ako kung mg iinvest pa ako sa VUL kc my point ka.mlaki ang mwawala sayo kpg dito ka ng invest.kaya ang gagawin ko kumuha ng life insurance kahit term insurance atleast protected parin ako at the same time mg iinvest sa stocks.atleast hindi nko mgbbyad ng fee..thank you sir.more videos pa sana.malaking tulong ang ngagawa ng videos nyo sa mga newbie na tulad nmin..

  11. Really insurance agent doesn’t care if the client will get some interest? Oh My God. You dont know what you are talking about. First of all. Lets talk about VUL. vul’s are protection to the client and his investment. Whatever happens to the client in the period of time na insured sya. Sasagutin ng insurance company yun. So wag kang TANGA. Dun pa lang masasabi mo na walang pakialam insurance company sa client? Second, insurance agents can never tell his client that his money will get an interest because it all depends on the funds they used. There are funds that are so risky. But will give you a higher return and vice versa. So again, wag kang TANGA. Do more research before talking. BTW. Im not an insurance agent. I just know this because I attended a training to be an agent. Pero wala ko plano maging agent. I just wanted to know more about it. Once again. I DID MY RESEARCH BEFORE TALKING

  12. Magmanulife po kayo, ung policy ko may insurance na nga ko, may variable stock market investment pa ko, bago nilang policy yun. Kaya shut up sa gumawa nito, nag evolve na ang insurance company ngaun.

  13. My friend lost 500k when he tried to go directly to the fund managers this guy is talking about. Bottomline: do your own research, educate yourself, and take calculated risk.

    And for this person who uploaded this video, please be responsible when giving advices.

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