Understanding insurance and general insurance classification

Insurance is an action taken by the people to anticipate the losses are non-material and material in carrying out a life. Insurance is also a mutually beneficial business between a person with the person providing the insurance. Insurance is also provided a financial advantage, just look at a variety of advertising in print and electronic media, insurance ads have been circulating everywhere. It encouraged the existence of a feeling of doubt as to the existence of capital in anticipation of losses in the future.

Wikipedia itself writes, insurance is a term used to refer to the actions, systems, or business where the financial protection (or financial compensation) to people, property, health and so forth to get reimbursement from the events that can not be expected to occur such as death, loss, damage or illness, which involves the payment of premiums on a regular basis within a specified period in exchange for a policy that ensures protection.

Similarly with Drs. Salim Abbas in his book titled "Principle of Insurance " said Insurance is a willingness to establish small losses (less) which is definitely in place of large losses is uncertain. We can see that, the statement Drs. Salim Abbas gives an image of human life that can not be predicted and confirmed what happened, as is often said to people, the future is a mystery so we are not able to clearly predict.

 
Principle of Insurance at the present time not only as a social security of our future, the role of insurance is offered by several insurance companies in the world even adding a savings feature (like a bank) that is integrated into the insurance service. So, if we are insured, of course we will pay a premium. However, not all of the premiums paid to insurance companies as social security but also as a savings or money in the future, where we can withdraw them in time which will depending on the agreement between the company with the insurance policyholders.

However, did you know where the actual services performed by the insurance company at first? Is the only life and health insurance services are always provided by the insurance company? So, it turns out there is a wide range of insurance services provided to consumers, the following classification:

 
Insurance (General Insurance). That is about the property, fire, and others. More precisely the property lost or damaged due to natural disasters, human hands that are directly or indirectly.
Varia Insurance (Marine Insurance). Which is an accident insurance, car insurance and theft. Often we look at the means of public transportation on kecelekaan insurance.

Life Insurance (Life Insurance), insurance is intended for consumers concerning the soul and life of the policyholder. This insurance is usually addressed by a consumer concerning the death, illness, and disability.
 

Meanwhile, an expert said in his book entitled "General Insurance" provides a classification of insurance that can be said to be different than the previous insurance classification. John H. Magee is the expert's name, and the following explanation:

Social Security. Social security is compulsory insurance, because that every man or the resident must have it. Aims to guarantee that each one has a guarantee for old age. This form is executed by force, for example by cutting a percentage of salaries every month. Another example is, social security if someone has fallen ill, accidents and so forth.

Voluntary Insurance. Form of insurance is run by volunteers, so it is not by force such as social security. This form of insurance that we often see in a wide range of print and electronic media. So, every person can or can not have this voluntary insurance. The voluntary insurance is divided into two categories:

1. Government Insurance. Insurance is run by Government or State, for example, social security granted to civil servants.
2. Commercial Insurance. Insurance is intended to protect a person / family / company from the risks that could cause harm. The purpose here of course the insurance companies in the commercial terms and with a pattern of mutual benefit. In general, this type of insurance is divided into two large portion is in the form of Life Insurance and General Insurance.