Indonesian society in general do not always need insurance for the survival of family life. Therefore, we try to offer comments on the importance of insurance for the household economy in the short and long term. For example, life insurance (life insurance).

Life Insurance
Brief life is providing funds to protect or maintain the continuity of the family life of a loved one. If you’re still naked and unmarried, then it might be better if you buy health insurance (if there is no benefit to the company). Or you can buy insurance in case of illness or Krista called critical illness insurance. With this insurance, if you are diagnosed, then you get the money at the same time or before the sump, which can be used to meet their daily needs.

Determination of insurance
If you need a terntentu for life insurance, these investments to keep costs of raising children, the calculation of the amount required amount insured becomes easier, at least 6 times in the preparation of their gross income 10 times net income. This value May be sufficient for some families, but also can be low for others.

Deposit Insurance
Life can be taken each year and extended the next year or purchased for a specified period, eg 5 years, 10 years or 20 years. When you buy term insurance annual costs of the annual premium will never rise. Because insurance premiums to see his mortality probabilities continue to increase with age. So if you buy term insurance within 10 years, then the insurance company calculates the cost of the average premium or flat in a period of 10 years.

Even if you pay the premium for each month, your insurance protection will continue to apply. In the meantime, if you do not pay the annual premium, your insurance coverage will be exhausted within the time limit (grace period) is very short and a month. This insurance has a cash value. In other words, if the world meningal the specified grace period, your family will receive the sum assured.

When buying insurance
Some people wonder, what about the insurance products that offer a cash value? As the link. Where can select the types of investments that match what you want. Should I buy this type of insurance or insurance buy term and invest the rest?

When we compare these two things, buy insurance, long term and invest the rest will give better results if you continue to invest consciously. If not, or postpone investment because of certain things, the results are not perhaps a little more money than the value given by the unit of account.

If you include the difficulty of allocating funds to invest regularly every month, the unit-linked insurance products in May as an alternative. This product offers the advantages of this type of investment that we select and protection be with him.

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Not to mention the loss of coverage of the earthquake Tasikmalaya, a new earthquake in western Sumatra (30/09) SR 7.6 magnitude by the ingestion of hundreds of lives, while thousands families lost their homes. On this occasion, I will try to apply the method of the actual cash value (ACV) in the calculation of the earthquake insurance liability by referring to provisions PSAGBI (Insurance Standard political earthquake in Indonesia ), version AAUI 2007.
Base AAUI PSAGBI coverage in 2007 is the actual cash value, including Article 13 indicated that pricing is based on the true value (real value) of insured property losses shortly before accounting for depreciation of the technical (damping technique). The key word is depreciation.Value of real definition was also included in Article 3 that “a number calculated from the cost of replacement or restoration of property (damaged) by type and same place, but not better or more extensive than the insured property immediately before loss or damage, less depreciation.

Complaints, etc. PSAGBI compensation formula can be written as follows:

Torts = (price of responsibility: The truth value) losses actually x

where,

In fact, (value of Actual Cash Value) = Value Cost new acquisition or reconstruction (replacement / Restore value of costs) – Depreciation (amortization).

“In fact, the expected loss = cost alternative to replace the damaged part and not excluded by the policy – Depreciation (amortization). In the case of total loss, the losses are realized = value (ACV) = VN – Amortization.

Here is an illustration or an example of calculating the compensation claims of the earthquake insurance, either in the form of partial loss or total loss, and also good under fully insured and uninsured

Mr. Abdullah, who lived in the city of Padang secure buildings (buildings), its 5-year-RP 100,000,000.00 value. So when an earthquake 30/09/2009, partially damage (partial loss) of the collapse of masonry walls to rebuild the collapsed part of the expenditure required of MOP $ 8 million. Compensation insurance company if the annual depreciation is fixed at 6% down balance method and deductibles of 2.5% of the TSI?.

Answer:

-Depreciation = 100% – (100% – 6%) ^ 5 = 100% – (94%) ^ 5 = 100% – 73.39% = 26.61%, the actual loss = $ 8 million – (26 , 61% x 8 million) = $ 5,871,200.00 U.S. $.

A. Total insured status

Damage = (100 million dollars: 100 million) x = USD 5,871,200.00 USD 5,871,232.00 to 5,871,200.00 USD net = 2.5% x $ 100 RP = U.S. $ 5,871,200 U.S. $ 00 – USD $ 2,500,000.00 USD = 3,371,200.00.

B. Under the terms of the insured

“If the value of compensation has been done is USD = 150,000,000.00 (100 million dollars: 150 million) x = USD 5,871,200.00 USD 3,914,133.00 to 2,500,000.00 USD = Rp 1414. 133.00.

From the above figures show that if the policy is owned by Mr. Abdullah provided under the partial loss of compensation will use a condition in proportion to the average. Of course, this is just for compensation premiums were inadequate.

What if your house collapses around Abdullah with the ground when an earthquake occurs, then who did not have any left?. Total loss in similar conditions then changed to lose the same formula above as follows:

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There was negligence on my car insurance, I forgot to renew the insurance policy.Consequently, my car had to go again questioned aka photographed, but many are not eligible Bareta.

When I presented this insurance does not know, polls, the procedure must be repeated and the car just want a clean, soft alias. Surely with my car as a situation does not accept that the ends were captured claim.

I would not be restored until the end of the additional expense. Well, even spend money to repair the old ones are always better than no insurance accepted. With the chaotic state of the city of Jakarta, under the discipline, crime, should bear the risk of a higher cost than I spend on repairing the car and then, of course, for safe again .

The lessons I learned from this neglect:

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American International Group agreed Sunday to sell great unity of life insurance at MetLife for approximately $ 15.5 billion, sources familiar with the matter told DealBook, in what would be the second major operation in a week to help pay taxpayers who funded bailout.

On Sunday evening, advice A.I.G. and MetLife has approved an agreement for the unit, the American Life Insurance Company, said that these persons. The agreement for the unit, known as Alice, will be announced on Monday morning, sources said.

This follows an agreement A.I.G. last week to sell the units of other major insurance American International Assurance, Prudential PLC of Great Britain 35.5 billion U.S. dollars. Together, the two sales will increase by about 51 million.

Under the terms of Alico, MetLife pays approximately $ 6.8 million in cash and the rest consists of common and preferred shares, including mandatory convertible preferred shares. The first results of $ 9 million from the sale will go to the selection of the cancellation of shares of Alico, organized by the Federal Reserve Bank of New York and the rest will be used to reduce loan commitments of AIG New York Fed (which means that U.S. $ 2.2 million of securities will be sitting in the car created specifically to organize the New York Fed, shares of Alico until its sale, said that these people).

With the sale, A.I.G. Metlife will initially be about 8 per cent, although in principle, the absence of independent voters, according to sources. Let AIG stock options will be converted into common shares for several years, the population could rise to over 20 per cent.

This agreement should be concluded at the end of 2010, according to sources. MetLife believes that the transaction will significantly increase earnings per share in 2011, to 45 cents to 55 cents per share, excluding all at once.

MetLife and A.I.G. had discussions about a potential deal for most of Alico for the past year, people informed on the subject told DealBook. If the contours of the offer has been fixed weeks, negotiations have been delayed because of questions about tax issues that must be clarified by the IRS.

A question now is how AIG pay the rest of the rescue plan, including a share of 79.9 percent still held by the government. One possibility being considered is the option to change the actions of the government to sell shares from time to time, either by direct conversion or through reimbursement by issuing new shares, a person briefed on the question says DealBook.

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