History and Examples of Insurance in Indonesia
History and Examples of Insurance in Indonesia - Insurance is a contract made between two parties, namely the insurance company and the customer, where the insurance company guarantees compensation for losses suffered by the customer in accordance with the provisions agreed in the contract.
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Insurance is a type of financial service
that aims to ensure the security and well-being of a person or an organization
against risks that may occur in the future.
History Insurance in Indonesia
Insurance history mainly refers to the history of property insurance, which was one of the first known types of insurance. Property insurance first appeared in Babylonia in the 18th century BC.
In those
days, the Babylonians used a system of exchanging goods called
"sigilla", in which one person would exchange his goods for someone
else's goods for the same amount. This system was later adopted by the Romans
and continued to develop until the 17th century.
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In the 17th century, property insurance began to develop
in England. At first, insurance was offered only to cover loss or damage to property
caused by fire. However, along with the development of insurance, the types of
insurance offered are increasingly varied, ranging from accident, health, to
life insurance.
In Indonesia, insurance first appeared in 1890 with the formation of the Nederlandsche Handel-Maatschappij Insurance Company (NHM). In those days, insurance was only offered to Europeans living in Indonesia.
However, along with the development of the Indonesian economy, insurance is
increasingly being offered to the Indonesian people as well. Currently,
insurance is one type of financial services that is very important for the
lives of Indonesians.
Examples of Insurance in Indonesia
In Indonesia, there are various types of insurance that
you can choose according to your needs and financial capabilities. Here are
some examples of insurance available in Indonesia:
- Health
Insurance: Is a type of insurance that covers the cost of health care
needed by the policyholder. This health insurance can provide benefits in
the form of direct payments to doctors or hospitals, or in addition to
costs that are not covered by health insurance provided by the company.
- Education
Insurance: Is a type of insurance that covers tuition fees such as tuition
fees, tuition fees, and training costs. This insurance can provide
benefits in the form of direct payments to schools or universities, or in
addition to fees not covered by scholarships or other funding.
- Life
Insurance: Is a type of insurance that covers financial benefits for the
family or other beneficiaries in the event of death or permanent
disability of the policyholder. This life insurance can provide benefits
in the form of lump sum payments or periodically.
- Car
Insurance: Is a type of insurance that covers the cost of repairing or
replacing a car in the event of an accident or other damage. Car insurance
may also cover medical costs for the driver or passenger injured in an
accident.
- Property
Insurance: Is a type of insurance that covers the cost of repairing or
replacing property such as a house or building in the event of damage due
to a natural disaster or other event. Property insurance can also cover
the cost of temporary removal or displacement if the property is
temporarily uninhabitable.
These are just a few examples of insurance available in Indonesia.
There are many other types of insurance that you can consider according to your
needs and financial capabilities.
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