Insurance is a financial product that provides financial protection against risks. With insurance, customers do not need to worry when a risk occurs and they do not have the funds to deal with the risk, as the insurance company will help overcome it.
There are various insurance products, depending on the type of risk covered, including:
Travel insurance provides financial protection against risks when you travel, either for business or pleasure. This insurance is not for a long term, so you can buy it when you are about to start a trip with a policy validity period you can decide when purchasing the policy. Travel insurance will provide coverage for the risk of lost goods, lost luggage, accidents, and also illness while traveling.
Motor vehicle insurance provides coverage in the form of repair costs for vehicles damaged due to accidents, and also replacement costs in the case a vehicle is lost due to theft. Not only that, this insurance can also provide coverage for third parties, or the other parties involved in an accident with you, as long as the third party is not covered by motor vehicle insurance.
Sports insurance provides coverage against risks that occur when you play sports, starting from the cost of treatment, physiotherapy, to the cost of further treatment when an injury occurs from your sports activities.
Personal accident insurance provides you with protection in the form of compensation and medical expenses when an unintentional accident happens. Not only that, but the policyholder’s heirs can also receive compensation in the case of death due to the accident.
Apart from the four insurances, various other insurance products are also useful, such as health insurance to cover medical expenses when sick, and life insurance that will provide insurance money for heirs when the policyholder dies.
Although having insurance has many benefits, apparently many people are still hesitant because of some widely accepted beliefs about insurance, which are actually just myths. Or, on the contrary, this belief makes them buy an insurance policy, but they end up disappointed when it doesn't meet their expectations.
If you are planning to buy insurance but are still influenced by some of these beliefs, you should check these five myths about insurance along with the related facts so that you don't make the wrong decision:
Risks can occur regardless of who you are and whatever your age. That's why many insurance companies set age limits from a young age to their policyholders. Some products even protect policyholders from infancy, but some start at a certain age.
Domestic travel seems short in terms of distance, so a lot of people consider it safer than traveling abroad. In fact, risks can occur anytime and anywhere. Risks can already occur even at the start of your trip. So, it is highly recommended for you to buy travel insurance even if you are only traveling domestically.
When buying a new car, especially if you use a loan, you will get vehicle insurance in one package. Then what happens when the loan has been paid off? Will you continue the insurance by buying it yourself or leave your vehicle without insurance? In reality, not many people buy vehicle insurance, even though this protection is very important. Moreover, the cost of vehicle repairs is not cheap and the risk of accidents on the road is currently increasing.
How much insurance premium do you pay? It is important that you buy a policy with a premium that you can afford. However, you should also avoid buying a policy with the cheapest premium when you can afford a more expensive one, just because you feel that a cheap premium is sufficient to protect you. The more expensive the premium, the higher the risk coverage you can get, so you should be wiser in determining the premium amount from the insurance policy you buy.
Insurance can cover various risks, but don't forget that there are “exceptions” in the insurance policy. Some exceptions are general, which means that these exceptions apply to all insurance companies. However, some are specific exceptions, and these exceptions are based on the insurance company's policy. So, you must understand it when you decide to buy an insurance policy.
After knowing the various myths and facts, are you interested in buying an insurance policy? If yes, you can visit the products on the MSIG Indonesia’s website to find insurance that suits your needs. Purchasing this policy is very easy and can be done online. If all the data has been filled in and verified, the policy will be issued immediately, and you are already under the insurance protection of MSIG Indonesia.
Travel Insurance
Sport Insurance
Motor Vehicle Insurance
Mudik Aman
Personal Accident
Ladies Car Protection
