Posts Tagged ‘Insurance’
Types of insurance
Types of insurance
* Insurance Losses
is made up of insurance to property (property, vehicles), financial interests (pecuniary), legal responsibility (liability) and self insurance (accident or health).
* Life Insurance
In fact it is a form of cooperation between those that prevent or at least reduce the risk caused by the risk of death (which would be happening but it is uncertain when the occurrence), the risk of old age (which definitely happened and can be estimated when the occurrence, but not sure how long) and the risk of accidents (which is not inevitable, but not impossible). Cooperation where activities are coordinated by an insurance company, which works on the basis of the law of large numbers (the law of large numbers), which spread the risk to people who are willing to cooperate.
* Social Insurance
social insurance is compulsory insurance program is organized based on the Government ACT. Intents and purposes of social insurance is to provide basic guarantees for citizens and does not aim to benefit commercially.