Langsung ke konten utama

Life insurance, Ocean insurance and agricultural : Definition and Case Examples

Life insurance, Ocean insurance and slavery, agricultural : Definition and Case Examples
• Insurance that threatens agricultural products in the fields Insurance that threatens agricultural products in the fields is to replace farmers' losses regarding matters relating to agriculture or to protect farmers from crop failure. Sample case: If farmers make insurance for crop failure, if this year the farmers are threatened with crop failure due to pest or famine (dry season), the insurance company will compensate the farmers for losses according to a predetermined agreement, but if the farmers do not experience crop failure this year then the farmers will get nothing from the insurance company. • Life insurance Life insurance provides services in managing risks that are associated with the life or death of someone insured and their long-term nature. Sample case: 1. when someone buys death insurance with a period of 5 years with a sum of 100 million rupiah then he must pay the premium determined by the insurance company (for example 500 thousand rupiah) per year, meaning that if the liability dies in the agreement period above, then the heir or the person appointed will get money from the insurance company of 100 million, however, if the responsibility is to live until the end of the contract period, he will get nothing.
2. When I was diagnosed with a critical illness, the insurance company will pay a sum of money for my medical expenses. This type of critical illness is different for each insurance company, but the common ones are stroke, heart disease etc. • Ocean insurance and slavery  Insurance in the sea is to replace losses in the conduct of sea voyages that are full of danger at sea. Sample case: Dangers that occur during transportation such as harbor fires concerning ships and cargo. Hazards that threaten objects that are insurance originating from nature (storms, big waves, rain winds, thick fog, and also sourced from humans such as piracy pirates, ship crew rebellion if something happens then the insurance company will compensate in accordance with the agreement has been established together.
Label:

Komentar

Posting Komentar

Postingan populer dari blog ini

Insurance Losses, Life Insurance: Definition and Explanation

Insurance Losses, Life Insurance: Definition and Explanation In its development, many types of insurance that are not found in KUHD can be found in insurance practices. According to H. Gunanto, insurance is classified as: 1. Loss insurance Consists of insurance for property (property), financial interests (Pecuniary), legal responsibility (liability) and self insurance (accident or health) 2. Life insurance Which concerns the problem of the death of the insured in the insurance period or staying alive until the end of the insurance period. Providing money at the time of death of the insured for burial fees and for continuing income for his heirs. According to whether or not it was determined first, the amount of money to be paid for insurance can be divided into: 1. Loss insurance is to replace losses incurred, the amount of which is not previously determined. 2. Insurance A sum of money is to pay an amount of money whose amount has been determined from the beginning. This appl...
Posting Komentar
Baca selengkapnya

5 Type and Classification of Insurance

5 Type and Classification of Insurance Article 247 KUHD specifies insurance in 5 types, namely: • Fire Insurance Fire insurance is all kinds of goods can be insured, the important thing is the items in your home must record or state it in writing in the policy. Sample case: When someone buys a fire insurance policy for a home he will pay the money (premium) that has been determined by the insurance company, at the same time the insurance company will bear the financial risk if there is a fire on the house. For example, Andi is a private employee in a company located in the golden triangle area in Jakarta. Andi is married and has been blessed with two cute children who are still toddlers. This incident unexpectedly came. A fire broke out one night before morning, where Andi's family was sleeping soundly. Because between one house and the other, they are so close together that the flame very quickly spreads to almost all the houses around it.  In a short time, more than 20 houses ...
Posting Komentar
Baca selengkapnya

Insurance Definition Under the KUHP Article Law

Insurance Definition Under the KUHP Article Law Pasal 246 of the KUHD states: Insurance is an agreement with which an insurer ties himself to someone insured by receiving a premium, to provide compensation to him because of a loss, damage or loss of expected benefits that may be suffered because of an event that is not certain. Law No. 2 of 1992 concerning insurance business which was promulgated on February 11, 1992 provides a definition of insurance as insurance or insurance is an agreement between two or more parties, with the insurer binding itself to the insured, by receiving insurance premiums, to provide reimbursement to the insured due to loss, damage or loss of expected profits or legal responsibility to a third party that might be suffered by the insured, arising from an uncertain event, or providing a payment based on the death or life of someone insured. The basis and elements of insurance The basis of an insurance agreement is to avoid a risk by handing it over to s...
Posting Komentar
Baca selengkapnya