CHEAP INSURANCE

Insurance for the poor - October 17, known as World Poverty Eradication Day. Is there any relation between insurance and poverty? We'll see. Clearly, various articles, tips on choosing insurance, or testimony about insurance was scattered here. Choosing the right insurance product, setting up children's education fund, set up an emergency fund, or introducing different variants of life insurance products are more appealing, both as self-protection efforts and investments for the capable. But all must have a price. The future is bright like a mirror of today's wallowing in money, at least that picture of the commercial insurance business. Convenience of the future was purchased with a premium today. If premiums are not bought, the future could be bleak.

Citing the publication of Sigma World Insurance in 2010, which was released by Swiss Re in 2011, Indonesia is a country that collapsed in an effort to protection or protection against the human soul, which is measured by two indicators of Insurance Density and Insurance Penetration. Total premiums of general insurance and insurance-soul-country with a population of 240 million inhabitants in the year 2010 amounted to 10.7 billion dollars, an increase of 28.91 percent compared to the year 2009. With the value of that size, Indonesia is ranked 11th of 27 countries in Asia. Ranked first in Asia occupied by Japan, while Singapore, Thailand, and Malaysia was ranked 7 to 9. If the total premium is divided by the GDP-known-then the value the insurance penetration is only 1.5 percent of GDP. With insurance penetration of that size, Indonesia is ranked 16. But if the size per capita, Indonesia increasingly sagging position, namely at position 22 in Asia, with a value premium of 45.8 dollars per capita. That is the value premium per person, which if dirupiahkan just-in exchange for 8900 - about USD 407 thousand only.

Especially for Life Insurance, the total premiums amounting to 7.2 billion dollars, an increase of 31.1 percent compared to 2009. The position of Indonesia is ranked tenth in Asia, and Singapore, Thailand, and Malaysia just above Indonesia. If calculated per capita, or known by the density-value insurance life insurance premiums per capita amounted to $ 30.9, or only $ 275 thousand. Decline in Indonesia ranked insurance density is inseparable from the burden of the population that actually entered ranked 4th in the world.

Insurance Density, Source : Sigma, Swiss Re, 2011