What is premium?

Premium is the amount of money paid by policyholders to the insurance company on insurance purchased and is calculated based on age and gender, and insurance benefits participants

What is the meaning about policy of insurance?

Policy is a binding contract between 2 parties: insurance companies (insurer) with the services of insurance (policyholders / Insured). Both parties have rights and obligations of each.

Many causes insurance Life Insurance is not paid to the customer

Many causes insurance Life Insurance is not paid to the customer is as follows:
1.Mistake of the Customer
Not all claims due to failure of payment by insurance companies. Can also cause the client itself. Generally there are five mistakes that can cause the client money is not paid by insurance:
a.Unhonest of customer
b.There is exclusion by the insurance companies to pay insurance money
c. Customer too long make a claim
d.Condition-time requirements of the claim is less complete
e.unpay premium by the customer in the time period specified
2.Mistake from the Customer
Apart from the customer, not pay Money Insurance can also be caused by an error caused by the insurance companies. There are actually several, but the common there are only two:
a.Unhonest present in the product insurance
b.That company the recalcitrant

Insurance Business

Insurance business consists of :
1.Business Insurance
•Business Insurance Losses, that is a business that provides services in the top of the risk of loss, and legal responsibility to third parties, arising from events that are not definitive;
•Life Insurance business, the business that provides services in handling the risk associated with life or death someone that be;
•Reinsurance business, the business of providing services in the re-insurance against the risk faced by insurance companies or loss and life insurance companies.
2.Supporting Business Insurance business, which consists of :
•Business Insurance Broker, which is the business of providing services in mediator closing and settlement of insurance indemnity insurance to the Insured for the benefit of the act;
•Reinsurance Broker business, the business of providing services mediator in the placement of reinsurance and indemnity reinsurance settlement with the act for the benefit of the insurance company;
•Business values Loss Insurance, the business services that provide assessment of the loss be the object of insurance;
•Business Consultant Aktuaria, the business of providing consulting services Aktuaria;
•Business Insurance Agent, the business of providing services in order mediator marketing services for the insurance and the name of the insurer.

Differences between the Life Insurance with Loss Insurance

Primary function of insurance is the financial position back to the Insured when the losses occurred before / loss.
The difference lies in the object guarantee. Life insurance in which the object is guarantee human soul, while the insurance losses in which the object is the responsibility of goods or property (house, car, factory, etc.) and legal obligations towards third parties.