Tips on Choosing Insurance

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Tips on Choosing Insurance

Now it has a lot of financial institutions labeled sharia, be it Islamic banks, Islamic insurance, mortgage Islamic and Islamic finance institutions. This indicates that the Islamic financial institution is needed by the community. The rise of Islamic financial institutions is something that is reasonable, considering the majority of Indonesia's population is Muslim and universal values that exist in Islamic economics as justice for the customers to be accepted by all people, including non-Muslims.
Tips on Choosing Insurance
With the increasing number of Islamic insurance which stands, of course choices (prospective) customers become more and more, not just one or two companies that offer a wide range of product features, but even dozens of companies that have Takaful products.

So that we are not wrong to choose Islamic insurance, here are some tips that we need to consider:
Tips on Choosing Insurance
1. Knowing Needs
Holder or insurance buyer should know what insurance a necessity. Needs may include Life Insurance, Health Insurance, Accident Insurance, Insurance Education or insurance that also functions for investment (unit-linked). When in doubt, ask your opinion, colleagues, or insurance sales agent you trust.Tips on Choosing Insurance

2. Selecting Takaful Company business Tips on Choosing Insurance
Find out how long the company has been running the sharia insurance business. The longer a company engaged in the business she lived, of course, can describe how the condition of the company. It is also how the company's experience in the payment of claims to its customers, what ever the company is negligent in the case of payment of claims to customers.

3. Sharia Supervisory Board Tips on Choosing Insurance
All Islamic financial institutions including Islamic insurance has a Shariah Supervisory Board. Sharia Supervisory Board consists of people who understand Islamic economics. The existence of DPS will ensure that all insurance products are managed in ways that permitted by sharia.

4. Clarity Akad Insurance Tips on Choosing Insurance
Fill agreement plays an important role regarding the status of insurance policy premiums. When akadnya Islamic insurance, there is no term "scorched fund" for life insurance, so that if the customer for any reason not to extend the premium, then it should fund the premium has been paid previously is still there, although the number is not 100% again. This is because the funds paid customers have reduced administrative costs while taking care of the insurance policy.

5. Learn Illustration Provided
Insurance illustration depicts an estimate of how the funds will be obtained by a borrower to the end of the agreement period. If illustrations are given very unnatural, eg benefit (profit sharing) is well above the result of Islamic banks in general, we do not immediately tempted, but we should react wisely. Note the assumptions listed in the illustration sheet.

6. Adjust the Insurance Benefits
Before choosing an insurance program, first read the benefits and features of the insurance program that we wish to buy. For example, the benefits only to the risk of death, then we will not get the benefit when we just get sick or injured. Or vice versa, is a product that we buy accident insurance, then we will not get the benefit when we are exposed to certain diseases.

7. Premium Rate
Premium rates are quite competitive (fair) in the sense of not cheap, can be used as a benchmark in choosing an insurance company would we choose, but this is not the main one, because it could be the premium is too low, the company would like to extract maximum funds, while the benefits insurance provided is narrowed. Eg car insurance simply by rate of 1.00% will not necessarily be sufficient to cover operating costs, let alone to pay claims.
Tips on Choosing Insurance
8. Choosing a Sales Agent
Choose the insurance sales agent you trust can provide the product description is correct and complete. Professional realtors who have membership numbers AAJI (Indonesia Life Insurance Association). They have been through the stages of the test as a professional agent and registered officially. So if you later face a problem with your policy, where the agent is known and insurance companies take responsibility. Remember that you buy insurance products for the long term. Make sure the service you will get is the best.

 Tips on Choosing Insuranc
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Invest in Life Insurance: It Can Provide More Than a Death Benefit

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Invest in Life Insurance: It Can Provide More Than a Death Benefit
By: Brendan

Getting married, buying a home and starting a family are just a few of the milestones in life. However, these milestones also mean assuming more responsibility, especially if, like me, you’re a provider for your family. When financial planning became more complicated than making sure I had enough money for gas and movies on the weekends, I realized that I needed to consider my options carefully.

The truth is, these days I can’t afford to miss an opportunity to invest wisely in preparation for life’s emergencies. In addition, I also want the assurance that if something were to unexpectedly happen to me, my family will be well taken care of…a standard, I think it’s safe to say, we all want.

Although some financial advisers suggest a combination of a term life insurance policy and long-term investments to provide financial protection, a growing number of family providers are choosing permanent life insurance policies as a smart alternative. Some policies exist that are designed to give me access to my policy’s cash value as it builds over time…while always providing lifelong protection, just so long as I pay my premiums on time. Of course, loans and withdrawals reduce the cash value and death benefit.
Permanent Life Insurance Versus Term Life Insurance

Despite experts’ advice to invest, I know of many young couples who spend their money on such unexciting expenses as college loans, mortgage payments or home improvement projects. Additionally, for healthy young parents and professionals, paying off a term life insurance policy without ever using it probably isn’t perceived as ‘fun’ as other ways to spend money.. And in this scenario, letting a term life insurance policy run out means shopping for a new policy at a more advanced age. This can be an expensive route at a time when life insurance may be a necessity. Many people purchase life insurance when they get married or have a child, but that could mean that the 20 year term policy could be running out right when the children start college.

Now imagine having a permanent life insurance policy that gives access to its cash value while it accumulates – tax-deferred – over time. For most people, the opportunity to have the safety net of a life insurance policy with the access to cash value should you need it, yet without term expiration, makes a lot of sense. Again, loans and withdrawals reduce the cash value and death benefit.
What Financial Experts are Saying

For me and a growing number of investors, the idea of life insurance as merely a death benefit is a thing of the past. Today, a permanent life insurance policy can give me both the peace of mind knowing my loved ones will be protected and access to cash value that has built up inside the policy. It’s also important that a financial professional be consulted before withdrawing money from a permanent life policy.

Making withdrawals or taking out a loan when other resources are insufficient to cover  expenses like college tuition or a down payment on a home might be an option: cash value should not be perceived as a personal ATM to use when you need some cash. Taking loans and withdrawals reduces the cash value and death benefit. It can be a delicate balance to make sure there is enough to borrow while still keeping the policy in force. As more investment experts are realizing, purchasing permanent life insurance while investors are young and healthy simply means good financial planning. The last thing any of us want is to be forced to shop for life insurance when we’re older and possibly suffering from health problems. By considering the investment benefits of permanent life insurance early on, you will help protect your family in multiple ways in the long run. And there’s really no substitute for a policy that gives me that kind of peace of mind.

Article source:  http://blog.allstate.com/invest-in-life-insurance-it-can-provide-more-than-a-death-benefit/

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Insurance Company In Islamic Law

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Insurance Company In Islamic Law

Lately, many emerging companies ies insurance and each claim to have a fatwa that allows insurance. Most of the company reveals, that the money you pay for car insurance you will be returned to you just by selling it. How the practice of law? For us to better understand and practice this problem, let us invite our hearts to be put God and His Messenger. So we get the benefits and avoid cases that could plunge us on the precipice contempt and sadness. This is the Standing Committee Ad-Daimah Buhut Lil Al-Ifta Wal Ilmiyah quoted from the Book of Al-Fatawa Al ash-Fi Syar'iyyah Masa'il Ashriyyah Min Fataawa Al-Ulama Al-Balad Al-Haram.



There are two kinds of insurance. Kibaril Hai'ah Majlis Ulama have to study it since a few years ago and has issued a decision. But some people just glance section without regard to the permissibility of the illegitimate, or use a license to practice may be unlawful so that the problem becomes unclear for some people.

Cooperative insurance (social security) is allowed, such as; group of people paying a certain amount of money for sadaqah or build a mosque or help the needy. Many people who take this term and make it a reason for commercial insurance. It's their mistake and deception against humans.

Examples of commercial insurance: A person insuring the car or any other item that is imported at a cost of goods so and so. Sometimes does not happen so the money you have paid the insurance company it was taken for granted. This includes gambling included in the word of Allah Ta'ala, which means: "Surely (drinking) alcohol or gambling, (sacrificing to) idols, gambled the fate arrows are abominations including acts of Satan" [Al-Maidah: 90]

In conclusion, that the insurance cooperative (co-insurance / social security) is a certain amount of money collected and donated by a group of people for the benefit shar'ie, such as; help the needy, the orphans, the construction of mosques and other goodness.

Here we attach to the manuscript reader fatwa the Standing Committee Ad-Daimah Buhut Lil Al-Ifta wal Ilmiyah (Permanent Committee for Research and Fatwa Ilmiyah) of the insurance cooperative (co-insurance).

Praise be to Allah, the Lord of the Worlds. Prayers and peace and greetings be upon our Prophet Muhammad, his family and friends, amma ba'du.

Has issued a decision on Ha'iah Kibaril Ulama haramnya commercial insurance with all kinds because it contains madharat and great danger as well as a follow-consuming property of others by means of the acquisition of the vanity, which it had been forbidden by the sacred law and is strictly prohibited.

Other than that, Hai'ah Kibaril Ulema also issued a decision on bail is proper cooperation (cooperative insurance), which consists of donations donors with the intention of helping those who need it and not go back to members (donors), the principal amount is not nor profits, because the members are expected Allaah reward by helping those who need help, and do not expect reciprocity mundane. It is covered by the word of Allaah: which means: "And please menolonglah you in (doing) virtue and piety, and do not be helping in sin and transgression" [al-Ma'idah: 2]

And the words of the Prophet sallallaahu 'alaihi wa sallam, which means: "And God will help the servant for the servant helps his brother" [Hadith Muslim history, the book adh-Dhikr wad wat Du'at Tauba 2699]

It is quite clear and there is no vague.



But lately some companies disguise to people and turned the essence, which they named the unlawful commercial insurance as social security is attributed to the fatwa which allowed of Ha'iah Kibaril Ulama. This is to deceive others and promote their company. Though Ha'iah Kibaril Cleric altogether regardless of the practice, because the decision was clearly distinguish between commercial insurance and social insurance (assistance). Changing the name itself does not change substantially.

This statement is issued in order to provide an explanation to the people and dismantle the disguise and unveil the lies and pretense. Prayers and peace may always be transferred to our Prophet Muhammad, to the whole family and friends.

[Al-Bayan Min Standing Committee Ad-Daimah Buhuts Lil Al-Ifta wal Ilmiyah Haula At-At-tijari ta'min wat ta'min At-Ta'awuni]


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Main Purpose of Insurance

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Main Purpose of Insurance

Each individual insurers certainly have their end, whether it is pure insurance, unit-linked insurance-based, insurance or infestation, in accordance of the wishes of customers who holds the insurance policy, but the most important planing of the insurance is about sharing risk, the risk that will be experienced by the insurance policy holders.

So when the insurance policy holders experience a risk, it is the duty of the insurer in helping clients resolve the issue in its customer experience, as long as the risks listed in the insurance policy,

Every customer is already enrolled in an institution or agency in the field of insurance, which is certainly obliged pay premium insurance customers who have been determined monthly or annually. where the funds are issued by insurance customers will later be collected in the traffic system and the use of risk-sharing to customers other insurance policy holders when the client is experiencing a risk, which would fund the insurer is given greater funding compare paid by the customer each month.

  That way, all mendapaakan its own benefits both in terms of the insurance policy holders and also the institution or the insurance agency.

  So his info, when do you think is useful please like this


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Allianz Insurance Review

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Allianz Insurance Review

Allianz Group

Allianz is one of the largest companies that are in many places in the world, engaged in the insurance and asset management services.

Allianz established in 1890 in Germany and is a company that is very experienced and has a strong financial position. Currently Allianz operates in more than 70 countries worldwide and serves more than 76 million customers worldwide. Allianz to provide protection and services to customers, both individuals and corporations.

Almost half of the companies that entered the Fortune 500 clients such as Allianz, such as Boeing, Coca Cola, Infineon, Mercedes Benz, BMW, Bayer, Siemens, and WMF. A number of projects are also insurance giant Allianz world, such as Kuala Lumpur's Petronas Towers, Burj Al Arab Dubai, Jin Mao Building Shanghai, Hong Kong Cheklapkok Airport and Singapore MRT. Allianz is also a sponsor of Formula 1 racing cars, Golf professional and amateur, and the construction of the Allianz Arena football stadium in Munich Germany.



In 2010, the Group recorded a total revenue of more than 106.5 billion euros. Allianz is the largest asset management company with third-party assets under management by 1164 billion euros at the end of 2010.

In September 2006, a merger agreement was signed between Allianz AG and RAS Holding SpA, Allianz AG and subsequently changed its name to Allianz SE (Societas Europaea), so it is no longer a classy company Allianz German but European companies. Following the procedure of registration in Italy and Germany, on October 16, 2006 Allianz SE officially became the first company listed on the DJ EURO STOXX 50 Index.

In 2011, the Group ranks 20th Forbes2000 version of the world's largest companies, as well as being ranked first in the category of insurance companies.

Allianz in Asia Pacific

Asia Pacific is one of the three fastest growing region in the Allianz. With a wealth of culture, language, and customs are diverse characteristics of the region. Allianz is present in Asia Pacific in 1917, on the coast of China by providing fire insurance and transport insurance services.

In Asia Pacific, Allianz is present in 15 markets with a primary focus on the business of general insurance, life and health, and asset management. With more than 14,500 staff, Allianz serves the needs of more than 21.5 million customers in the region. Allianz ability to adapt quickly to local needs a key to success.

Allianz in Indonesia

Allianz is present since 1981 through a representative office in Jakarta. In 1989, PT Asuransi Allianz Utama Indonesia is officially established to provide services in the field of general insurance. In 1996, Allianz complement its insurance services in Indonesia by establishing PT Asuransi Allianz Life Indonesia is engaged in life insurance, health and pension funds. In 2006, the company started the business of Islamic insurance.

In 2007, Allianz Allianz Center Indonesia introduced as a concept of One Stop Solutions, where clients and agents of Allianz can get our insurance services in one place. Allianz Center has been operating in Jakarta, Surabaya, Bandung and Denpasar.

Now, together, Allianz Indonesia is present in 44 cities with 80 service points, supported by more than 14,000 agents, with approximately 1,000 employees and a solid banking partner to serve our customers. Allianz Indonesia providing insurance solutions from A - Z.



In 2010, Allianz Indonesia, which consists of Allianz Utama and Allianz Life Indonesia scored a total gross premium (Gross Written Premium / GWP) of Rp 5.6 trillion.

Currently, Allianz Indonesia has become one of the market leaders are believed to serve more than 1.8 million customers from both individuals and groups.

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Life Insurance and Health Insurance

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Life Insurance and Health Insurance

Is a product designed specifically for students who want a thorough insurance benefits, when the unfortunate participants died either due to illness or accident; total permanent disability due to illness or accident; partial permanent disability due to accident; Daily compensation fund for the participants were admitted to hospital and also benefits when participants experienced or suffer a critical illness.

Participants are also entitled to a cash value policy when the membership expires.

Advantages of Takaful Falah

     Extensive benefits
     Takaful Falah provide complete protection option for participants consisting of:
  • Al-Khairat (Term Insurance)
  • Personal Accident (Personal Accident)
  • Total Permanent Disability (Total Permanent Disability)
  • Daily Hospitalisation Benefit (Cash Plan)
  • Compensation for Special Diseases (Critical Illness / Dread diseases)
  • Cash Value Policy
Freedom of ChoiceTakaful Falah provide freedom for the participants to choose the type of protection in accordance with the wishes and needs of the participants.


Sharing of Interesting
Falah Takaful will provide the results of 80% of the investment return on the Fund Savings Account participants.

Tabarru
Part of the premium diakadkan to bear one another and helping each other among the participants in the event of a disaster.

Currency

The program is marketed in the local currency.

Takaful premiums

Premium Payment
Can be paid in annual and Burst

The amount of premiums
Premiums by way of annual payments of at least Rp 1.000.000, - (one million dollars).

Age of Participation
Entry age to become participants from 17 years to 60 years with a calculation based on the age nearest birthday.

period of Agreement

     Entry age plus maximum contract period of 65 years
     Period of Insurance Agreement at least 5 years

Terms of Membership

     Physically healthy (physically and mentally) and not being ill or being in care physician
     Filling Insurance Request Form and follow the rules set by the Company's Underwriting
     A medical examination (medical) in accordance with the provisions set forth Underwriting Company

Al-Khairat (Term Insurance) is a Key Benefits. Given to the heirs if the Participant dies either due to illness or an accident.

Personal Accident Benefit Supplement is first. Granted to the Participant or Beneficiary if the Participant dies or partial permanent disability due to accident.

Total Permanent Disability (Total Permanent Disability / TPD) is a second Additional Benefits. Given to participants when participants experienced a total permanent disability (Disfunction) due to illness or accident.

Daily Hospitalisation Benefit Fund (Cash Plan) is the third Additional Benefits. Given to the participants during the Participant is hospitalized in a hospital due to illness or accident.

Cash Plan Benefits Main Benefits adjusted based on the following conditions:
Main benefits (Al-Khairat) s / d 10 million Cash Plan - 100 (CP100)
Main benefits (Al-Khairat) s / d 20 million Max. s / d Cash Plan - 200 (CP200)
Main benefits (Al-Khairat) s / d 30 million Max. s / d Cash Plan - 300 (CP300)
Main benefits (Al-Khairat) s / d 40 million Max. s / d Cash Plan - 400 (CP400)
Main benefits (Al-Khairat) over 40 million Max. s / d Cash Plan - 500 (CP500)

Critical Illness Benefit (Critical Illness / Dread Diseases) is the fourth Supplementary Benefit. Granted to the Participant if the Participant is diagnosed with a critical illness or experiencing the life of the agreement. The fourth benefit maximum of 50% of the Key Benefits.

Cash Value Policy

If participants live until the end of the contract, stopping or experiencing claims resulting membership expires, then the concerned or their heirs will be paid the cash value policy following an accumulation of Premium Savings investment results.


 Diseases covered by critical Benefit Critical Illness / Dread Diseases

     stroke
     cancer
     First Heart Attack
     Coronary Heart Surgery
     Heart Valve Replacement Surgery
     Fulminant viral hepatitis
     Chronic Liver Disease
     Pulmonary Arterial Hypertension (Primary)
     Lung Disease End Stage
     Kidney Failure
     anemia Apastis
     Important Organ Transplantation
     Loss of ability Seeing (blind)
     Losing Hearing Capabilities (deaf)
     Loss of Speech (mute)
     coma
     multiple Sclerosis
     paralysis
     Muscular Dystrophy
     Alzheimer's Disease
     Disease Motor Neoron
     Parkinson's Disease
     Aorta Vessel Operations
     Big Burn
 ----------------------------------------------------

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