Best Life Insurance in 2022- Life insurance is a type of insurance that provides compensation in the form of cash if the insured or the insured encounters a disaster. Be it in the form of an accident, illness, death, or something else that is not intentional.
And usually, this type of insurance is often referred to as death insurance. There are many benefits of doing life insurance. Especially for the breadwinners of the family.
For now, we can find a lot of life insurance. And as a person who will be insured, of course you are required to find the best life insurance, with a high sum insured, but also offering affordable premiums.
The life insurance that is often touted as the best insurance is Chubb Life Insurance, Then Heksa Insurance, Sequislife Insurance, Simas Life Insurance, Pacific Life Insurance, and so on.
Some of the insurance above can be used as a consideration in choosing. Where, each company provides different costs or insurance funds. For more details, see the following explanation.
Definition of life insurance
As mentioned above, that life insurance is an insurance that provides compensation. Or, an insurance product that will provide sum assured if the customer dies.
The purpose of this insurance is that it can be used when going to finance the family left behind. Because usually, the family will definitely feel the loss when making a living has died.
And the sum assured can be used for a while. There are several life insurance coverages to choose from. Starting from traditional life insurance, unit link life insurance, conventional life insurance, to sharia life insurance.
Traditional life insurance is life insurance without any investment benefits. Then, unit-linked life insurance, is life insurance with additional benefits similar to investing at once.
While conventional life insurance is life insurance whose application uses the principle of buying and selling. Finally, life insurance whose application follows Islamic law, namely by applying the principle of helping.
As a Muslim, of course it would be better if you use sharia life insurance. This is to be safer, and in accordance with the Shari'a for sure.
Functions and benefits of life insurance
After knowing some of the best insurances, complete with their understanding, maybe you should also know what the functions and benefits of this insurance are.
In general, or simply, the benefits are death benefits and permanent disability benefits if the insured or customer experiences an accident.
This insurance protection itself includes a fairly high risk, yes, which is caused by things that are not intentional. If it's an intentional thing, it certainly doesn't fall into the category.
Such as trying to commit suicide, then doing extreme sports, cheating claims, getting a death sentence, inappropriate data, drug overdose, and so on.
The benefit is the compensation given if the customer dies. And usually will be given at 100 percent, or even more than the sum assured. Then, disability compensation, be it total or partial disability.
With different amounts, and also includes critical illness, accident, and health insurance. Or what is commonly called a rider. Rider itself is an additional benefit that can be obtained by those of you who already have a basic life insurance policy. If you want to get it, then you even pay an additional fee.