What are the benefits of insurance for customers? Check out the review – The benefit of insurance for customers is to provide guarantees or protection for risks that may occur in the future.
Insurance companies will provide various types of benefits according to the product purchased by the customer. Specifically, the benefits of each insurance product are different. Well, here are the benefits of insurance for its customers in general.
Insurance Benefits for Customers
Risk is uncertainty that has a detrimental meaning. Each risk can cause material or immaterial losses. The forms of risk themselves are accidents, health problems, damage, natural disasters, losses, theft, loss, and so on.
Humans tend to feel anxious about something that is uncertain. With insurance, customers will feel calm. Because the insurance will cover the customer for this risk.
Give a sense of security
The next benefit of insurance for customers is to provide a sense of security. A sense of security is created when customers no longer feel anxious about things that are uncertain (risk). Because customers think they have taken anticipatory action in the form of purchasing insurance policies. So they feel safe from possible risks.
Minimizing or Minimizing Risk
Insurance provides benefits in the form of minimizing or minimizing risk. When the risk occurs, it is possible that the impact of losses is very large on the customer. At that time, the insurance company will provide the sum assured to minimize the risk from a financial point of view.
So that the perceived impact can be reduced. An example is health insurance. When a customer experiences a health problem, the insurance company will cover the medical costs.
The more advanced the innovation of insurance products, insurance companies are now providing unit-linked products. The uni link product is an insurance product with 2 benefits at once.
These benefits are insurance claim funds and investment funds. In addition to paying premiums, you can also pay investment funds. The investment funds can be withdrawn at any time.
Providing Protection or Protection
Insurance transfers risk from the customer to the insurance company. Benefit from the transfer, customers will get protection or protection. Each insurance product provides different protection. For example, health insurance provides protection or protection for the health of its customers.
Help Manage Finance
The flow of money in and out of each person depends on his needs and wants. There are times, a person can spend money to splurge.
However, when he fell ill, he did not have money for treatment. Well, insurance can help manage customer finances. By paying premiums, customers have set aside money for health protection. So that when he falls ill, he already has funds for treatment and hospitalization.
Reduce Medical Costs
The benefits of this saut insurance can be felt in this type of health insurance. Medical expenses always increase every year. What’s more, medicines are getting more and more expensive.
Insurance can reduce the cost of treatment. This is because the health insurance company will cover the medical costs partially or completely based on an insurance policy that has been agreed upon by both parties.
Get claim funds
The main benefit that customers can feel in insurance is getting claim funds. This claim fund will play a role in minimizing losses caused by risk.
This claim fund comes from the premium that the customer pays. In life insurance, claim funds in the form of sum assured will benefit the customer’s family.
That’s a glimpse of the Benefits of Insurance for Customers. May be useful.