How To Choose Insurance

If you are looking for life insurance products, or are being offered life insurance by an insurance agent, and if the product is Unit-Link, make sure you understand the following things first so there is no disappointment in the future. But before going any further, we'll explain a little bit what a Unit-Link product is. 

Unit-Link is the most popular Life Insurance product in Indonesia today. Popular because almost all life insurance agents market this product. Even insurance companies continue to develop this product. The main point in this product is life insurance wrapped with investment. 

In addition there are additional insurances that are incorporated into the product package offered by the agent. Actually there are several other types of life insurance, such as term life insurance (life-time), lifetime (whole life), and dowage (endowment). But at present, not all insurance companies have these product lines. 

Even if there is any, agents are usually more interested in marketing Unit-Link products with a variety of reasons. Unit-Link product itself is actually some kind. In addition to products with regular premium (monthly premium), there are also products with a premium at once. 

And most often offered is a regular premium, because its market share is much wider than the product with a premium at the same time that usually requires a minimum premium of 25 million rupiah. Well, here are the things that you must understand before deciding to buy Unit-Link life insurance products with regular premium products. 

Ask your agent to explain in detail, so that nothing will be hidden and become a dispute (disputes) in the future. Investment is not a savings Premium Composition Acquisition & Administration Costs Basic Insurance & Additional Insurance Costs Proposals and Illustrations Plans of magnitude and length of premium payments are not binding Investment Performance Return on investment is different between one policy and another Withdrawal of investment funds