Insurance comes from English language insurance, so the definition of insurance is insurance. According to the Big Indonesian Dictionary, the notion of insurance is an insurance or agreement between two parties. The first party is obliged to pay contributions, while the second party is obliged to provide a full guarantee to the contribution payer if something happens to him or the property of the first party according to the agreement that has been made.

Insurance is an agreement between two or more parties, with the insurer binding it self to the insured, by accepting insurance premiums, to provide compensation to the insured due to loss, damage or loss of expected profits or third party legal liability that the insured might suffer, arising from an uncertain event, or providing a payment based on death or the life of someone insured. the party that distributes the premium is called the insured, while the party receiving the premium is called the insurer. In terms of insurance, premiums are costs paid by the insured to the insurer for the risks borne. The agreement of these two parties, still according to insurance, is called policy. Policies in terms of insurance are understood as a legal contract that explains each term and condition that is protected.

Insurance has many benefits, ranging from general or general benefits and also more specific benefits. In general, all insurance can provide benefits that are certainly felt by all customers. In particular, insurance can provide benefits that can only be felt if we follow certain types of insurance. For example, someone who chooses to take part in health insurance will certainly feel different benefits from people who follow home fire insurance.


general insurance benefits that can be obtained by people who follow insurance:

1. As a place to save and invest
Current insurance does not only function to compensate, but also can be a means to save and invest. a number of insured funds have a cash value that can be taken back at a certain time period. This type of insurance is known as whole life or endowment. Meanwhile, there is insurance that is combined into an investment, namely insurance called unitlink.

2. Provide security
Guarantees provided by insurance provide security for those who follow them. various risks in life can certainly give a feeling of worry to everyone. Insurance can reduce the sense of concern because the risks that can occur can be borne financially.

3. Give certainty
Insurance can provide certainty from various uncertainties that occur in life. With these benefits, we can estimate the various risks that may occur and convert them into financial value. So if a problem occurs one day, all the losses we experience can be borne by insurance.