What is Insurance.
I clearly sure you have been called by unknown number and take some time of you, to telling about INSURANCE.
I clearly sure you have been called by unknown number and take some time of you, to telling about INSURANCE.
Here the definition of INSURANCE:-
n·sur·ance/inˈSHo͝orəns/
| Noun: |
|
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
Here a lil bit history of modern Insurance:-
The first methods of transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, respectively.[1]
Chinese merchants travelling treacherous river rapids would
redistribute their wares across many vessels to limit the loss due to
any single vessel's capsizing. The Babylonians developed a system which
was recorded in the famous Code of Hammurabi,
c. 1750 BC, and practiced by early Mediterranean sailing merchants. If a
merchant received a loan to fund his shipment, he would pay the lender
an additional sum in exchange for the lender's guarantee to cancel the
loan should the shipment be stolen. (wikipedia)
"Hello, this is from Insurance of X, can i take some time of you to tell about our latest deal of bla bla bla..."
Have you been called by insurance agent via the phone?
If you say; okey.. erm... yes..
then, tell will continue the speech without you say NO anymore.
Once you say, YES, ERM, Okey,
it might consider as YES for them,
and you will listed as their client, until you give them specific information of your to them.
well, not all the Insurance Agent is bad.
At least, they try to winning your heart, hoping you 'agreed' to be their client.
At least, they try to winning your heart, hoping you 'agreed' to be their client.
World of today very need INSURANCE to get 'payback' what have been lost. Insurance just like a Physio in Football match. They not guarantee you will be okey, but they will help you to rise again.
Everything that deal with RISK, need a Insurance to guarantee they can arise again if they fall. Business field very need insurance. Business is very risky field. So, they need insurance to cover them. Even not 100% get the cover, but a little bit, a company can survive if they might be fall. Anyways, the trust of Insurance company to cover them is most important to select the best Insurance company and their Policy@programs.
In Malaysia, there is two type of Insurance.
One is regular policy of insurance, might be same as any other nation.
Other one is, TAKAFUL.
What is TAKAFUL?
Other one is, TAKAFUL.
What is TAKAFUL?
A type of Islamic insurance, where members contribute money into a
pooling system in order to guarantee each other against loss or damage.
Takaful-branded insurance is based on Sharia, Islamic religious law,
and explains how it is the responsibility of individuals to cooperate
and protect each other.
Here the diffent between TAKAFUL and INSURANCE:-
So, it clearly said;
Insurance is Risk transfer which means, Company will pay you sum cover money even not full 100% by percentage of the policy agreement.
Insurance is Risk transfer which means, Company will pay you sum cover money even not full 100% by percentage of the policy agreement.
TAKAFUL will cover you which how percent the agreement in the policy program by the FUND the shareholders payed.
How does Takaful Work
All participants (policyholders) agree to guarantee each other and, instead of paying premiums, they make contributions to a mutual fund, or pool. The pool of collected contributions creates the Takaful fund.
The amount of contribution that each participant makes is based on the type of cover they require, and on their personal circumstances. As in conventional insurance, the policy (Takaful Contract) specifies the nature of the risk and period of cover.
All participants (policyholders) agree to guarantee each other and, instead of paying premiums, they make contributions to a mutual fund, or pool. The pool of collected contributions creates the Takaful fund.
The amount of contribution that each participant makes is based on the type of cover they require, and on their personal circumstances. As in conventional insurance, the policy (Takaful Contract) specifies the nature of the risk and period of cover.
Here the list of Insurance and Takaful trustful company in Malaysia. You might be consider to be one of their client.
| Life and General Business | ||
| No. | Name | Ownership |
| 1 | American International Assurance Bhd | F |
| 2 | Etiqa Insurance Berhad | L |
| 3 | ING Insurance Berhad | F |
| 4 | MCIS Zurich Insurance Berhad | L |
| 5 | Prudential Assurance Malaysia Berhad | F |
| 6 | Zurich Insurance Malaysia Berhad | |
0 komentar:
Posting Komentar