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Home > Learnings > Why Need Insurance

WHY DO YOU NEED INSURANCE?

By nature, everybody wants a good and better life. There are a lot of wishes we have; we wish to be healthy all the time, we wish to be safe in roads when going to work, we wish to send our children to the best college/university, we wish . . .and so forth.

However, sometimes a bad luck cannot be avoided; may be we needed to be hospitalized, or we were trapped in a riot that broke our car, etc which may lead to financial ruin.

To summerize, insurance pays out when an unpredictable event causes a loss;

  • In some extent, insurance is a compulsarysuch a buying a car from a finance company. During the leasing year, the finance company will demand a full-coverage insurance for the leased car.
  • An unfortunate event may happen to any of us and we cannot afford the loss. For example hospitalisation which needed millions of Rp.
  • If an unexpected event happened and people who are dependent could not bear the loss, for example passed away and wife/children needed financial support that we previously gave.
  • Education and Investment which often has optional life insurance allow us to rely our future on it.

Often the working place provides health/life insurance - check if the cover is enough for your needs, or if you have to buy additional insurance.

Bali Insurance Services Team

 

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