Benefits of Insurance broadly summarized into 3 categories;
1. Insured benefits
- As collateral against the person and the family of the insured when a family member died.
- When there is damage to the property of the insured. Insured will receive compensation for Compensation from the insurer
- Help cultivate the habit of saving and savings.
- Tax deductible for Individual income tax
2. Economic and social benefits
- Help strengthen the social
- Reduce uncertainty in society
- A social welfare
- Help with funding to developing countries
3. Business Benefit
- Contributes to the efficiency of the business.
- Approval of the Bank as collateral for loans.
- Contribute to international trade as well.
- Allows to calculate the cost close to reality.
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