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The Purpose Of The Insurance

* Provide guaranteed protection against the risk of losses inflicted on one hand.
* Improve efficiency, because it does not need to be specially convened security and surveillance to provide protection that takes a lot of effort, time and cost.
* Equitable charge, that is quite simply by removing the cost of a particular number and doesn’t need to be replace or pay the own losses arising out of which there aren’t necessarily and uncertain.
* The basis for the bank to give credits because the bank needs a guarantee of protection for collateral (something in the responsibilities or in assurance) given by money lenders.
* As for savings, because the amount paid to the insurance will be returned in greater numbers. This is especially applicable to life insurance.
* Shut down Loss of Earning Power of a person or business entity at the time he may not work (works)

The Terms Legitimate Insurance

The terms legitimate insurance arrangements provided for in article 1320 KUH civil, namely:
1. the existence of an agreement between the two parties
2. The competence of the parties to create the Alliance
3. about a certain thing
4. the existence of a cause that is kosher or halal

Nature of Insurance

a. Insurance arising under an agreement.
b. Insurance it is a conditional agreement.
c. insurance Agreement is reciprocal.
d. the purpose of insurance is to shift the risk to the person.
e. the existence of the obligation of the insured to pay the premium.
f. the insured will receive compensation (indemnities) a number of the person who suffered.
g. In the insurance agreement the insured party that should be inherent properties have an interest for the event that is not necessarily.