As the backbone of the family, have you provided the best protection for your family by having a life insurance policy?
If not, then it’s time to know the various important reasons for having this one protection product and the best recommendations. One of them, the best insurance from FWD Life.
As is known, life insurance offers various advantages because it can provide financial protection for heirs or families left by the policy owner, in this case the main breadwinner.
Protection from life insurance can maintain the quality of life of family members, if due to unforeseen circumstances, the policy holder leaves forever as the backbone of the family. In life insurance, there are benefits for partial disability compensation, permanent total disability and death.
Because it provides the best protection for family members, life insurance is usually paid annually. To find out more about the importance of having life insurance and the best recommendations, let’s look at the following explanation!
Reasons to Have Life Insurance
Having life insurance not only protects family survival in the future, having this one protection product can also divert the risk of large sudden expenses into regular premium expenses, so that financial cash is more controlled.
Therefore, having life insurance is not only important for yourself, but also beneficial for family members, from providing a sense of security to protecting the heirs from financial burdens.
Who is the Right Person to Have Life Insurance?
Life insurance is not only dominated by parents, but you who are still healthy and young still need it. Moreover, if you are married and have children, then it is important to have this one protection product.
The reason is, one of the advantages of having insurance while young is that the insurance premiums you pay will be lighter.
All insurance benefits are not immediately felt by the owner now or now, but this will be very useful for your life later when disaster strikes.
Best Life Insurance Company Recommendations
Here are 7 recommendations for the best life insurance products that you can have:
1. Simas Jiwa
PT Asuransi Simas Jiwa is one of the insurance companies in Indonesia that has a superior pure insurance product, namely Simas Jiwa, namely SIJI Guard 4. This policy can cover the customer’s entry age of up to 69 years and has no waiting period.
In addition, the amount of compensation is quite large, compensation for death due to an accident is Rp. 500 million, compensation for permanent disability is Rp. 250 million, and compensation for death is Rp. 250 million.
Manulife Life Insurance excels with an Essential Assurance policy that covers the customer’s age up to 99 years.
Not only that, the death benefit provided by Essential Assurance is also very high, up to IDR 2.5 billion.
The choice of payment period also varies, between 5, 10, or 20 years. In addition, this Manulife policy also provides cash value benefits and a 100 percent return of the sum insured at the end of the policy.
There is also an additional accidental death benefit of up to Rp600 million and an expansion of benefits with additional Manulife Medicare Plus insurance for hospital expenses, Manulife Crisis Cover for critical illness risk, Waiver of Premium for premium exemption, and ADDB for total permanent disability benefits.
3. Ciputra Life
PT Asuransi Ciputra Indonesia is a life insurance company whose products are good enough for you to consider. Through the Citra Guaranteed 50 policy, you will get protection benefits for up to 20 years.
The premium payment period is 5 years with a 160% premium return in the 20th year.
The amount of compensation is quite large, namely compensation for death due to an accident of Rp. 100 million and compensation for death due to illness of Rp. 50 million.
4. Follow Life
Another best life insurance company in Indonesia that could be your next choice is Sequis Life. The coverage period is up to the age of 100 years and the insured’s entry age is 1-50 years.
Then for the premium payment period starting from 10 years with a sum insured of Rp250 million. There is also a cash value benefit in the absence of a claim.
5. Chubb Life Life Insurance
Chubb Life Insurance is also a life insurance company that has obtained a business license from the Financial Services Authority (OJK).
One of the superior products of this company is the Extra Cash Back Protection Life Insurance which provides premium return benefits of up to 100 percent in the 10th year.
6. PT Asuransi Cigna
Cigna Life Insurance is also one of the superior products offered by PT Asuransi Cigna.
This insurance company offers a policy with a sum assured benefit (UP) of up to IDR 2 billion with premium prices starting at IDR 164 thousand per six months.
7. CAR Life
Central Asia Raya Life Insurance or better known as CAR Life also offers a variety of life insurance products that you can choose from. The life insurance policy from this company is quite superior because it provides death benefits of up to Rp. 200 million.
Not only that, the children’s scholarship benefits of up to 570% of the Sum Assured (UP) are another advantage.