What will cross your mind when you hear the word insurance? Insurance can be categorized as one of the important things in our lives today. Insurance can be a protector of all our assets such as homes , cars , businesses or even our souls.
Many people are in a hurry to choose insurance without them knowing the basic functions of insurance and the benefits we will get from the insurance that we have. Not a few also cases of fraud under the guise of insurance that befall many people today and of course this can happen because there is a lack of understanding of many people about what insurance is. Therefore you should know in advance about insurance from studying the history of insurance itself.
Beginning of Insurance
We can find out the history of insurance by seeing the beginning of insurance in this world. According to some sources, insurance has been around since the time of the Greek Empire. The concept of insurance has developed since the Roman period and the reign of Alexander the Great. This concept is seen when there is a member of an association that dies or is sick and the other members collect money to fulfill or provide compensation to the affected member.
What about the concept of insurance in Indonesia? In Indonesia itself, insurance actually entered when the Dutch colonial era. This is evidenced by the existence of insurance companies that have been known since ancient times such as Bumiputera Insurance, Jiwasraya Insurance, Jasa Raharja Insurance and other insurance.
These insurance companies were not only known in the past, but until now we can still find the company. There are many people who do choose insurance from the company because of the long experience and reputation. But some people in this modern era have turned to companies that are far more modern in concept and follow the times and conditions.
Purpose of Insurance
After we know about the beginning of insurance in the world and in Indonesia, we need to know the basic understanding of insurance itself. Own insurance is an agreement that is carried out between two or more parties where one party will bear the costs and the other party will be the recipient of the insurance premium. Recipients of insurance premiums must pay premiums every month to the party that bears reimbursement if the premium recipient later experiences an accident or finds damage for all matters agreed upon to be borne by the insurance company. Then what are the real goals of insurance?
- Insurance will provide a guarantee for protection and also the risk of losses that will be experienced by the recipient of the insurance premium
- Insurance will also help so that everyone does not need to secure assets or all the things they have. This means that insurance provides a more effective solution to protect your goods or assets.
- Insurance will function as a savings which later if not used will be returned within a certain period of time.
- Insurance provides reimbursement of costs when the recipient of the insurance experiences illness, accident, loss of assets or goods and so on.
- Insurance for business will save you from the danger of bankruptcy that many entrepreneurs fear.
Currently insurance itself has developed very rapidly and we will have no trouble choosing insurance and insurance products that suit our needs. The most important thing to note is to always look for the best companies to provide insurance and choose insurance products that are suitable for our ability to pay. By knowing the history of insurance, our knowledge of insurance is increasing.