The difference between the Savings Insurance

Education savings accounts are generally sold by the bank, with backup by life insurance companies. So we can come to the banks who sold these educational savings, and we determine how much our target and how long the target would be achieved. Then the banks will determine how much monthly payment should be done with include the interest rate should be used during the contract period.

Generally, education savings is equipped with life insurance or other insurance. So when parents who experienced severe to deposit every month, such as dies, then the life insurance will replace him as the depositor. So the target of education fund established by parents who can still be enjoyed by children.

But Education Insurance generally purchased through an insurance company who offered by the agent. The customer will determine how much money after seeing the benefits of insurance coverage that will be paid. And insurance companies determine how much premiums that must be paid in a lump sum or on a regular basis, can be annual, can be six-monthly, quarterly and even monthly.

Insurance benefits which are generally offered a certain percentage of the sum insured and paid when the child would go to elementary, junior high school or college. And the benefits will still be paid even if the premium payer's parents as the unfortunate, for example, died.

Both education and insurance savings education both can be used as an alternative to prepare for the child's education fund. Education savings just to prepare at one point, for example, to enter elementary school, or junior high school.

If you want to complete such education insurance, then we have to buy 4 products of this education savings, with funds target and the achievement of different. But precisely here lies the flexibility of an education savings. Currently the interest rate of savings education refers to the deposit or slightly above the deposit which he sold, while the interest rate is more conservative education insurance.

There is one option which is recommended to break with insurance benefits and fertilizing the funds. Suppose we buy term life insurance with sum assured as targeted education funding and achievement of specified time. Then on a regular basis, you deposit a certain fund to invest one's way, for example, into mutual funds.

We also can choose an investment instrument which has a high rate of return and higher risk of course. So with this method, you can obtain a high sum of insurance and investment returns which optimal. The key is just one discipline.

How do insurance companies calculate insurance premiums?

First, insurance companies apply the law of large numbers. His philosophy, the smaller the risk and uncertainty when the number of insured increased. The greater the number of people who enter the life insurance program, the accuracy of estimates of insurance losses more easily done. In this condition, the insurer is able to anticipate an insurance claim in the future more accurately. The bigger the group the insured, the losses experienced by the group that will be easier to predict.


For example, an insurance company PT will face a big risk when it should close the insurance coverage for one person $ 100 million for one year. When the number of people insured reaches 500 people, the level of uncertainty will decrease even though the risk of death events remain. If the 500,000 insured in one group, the average death rate fluctuations will decrease. Thus, life insurance companies are able to anticipate more accurately the insurance claim.

Secondly, life insurance companies calculate premiums based on mortality statistics in the table. It speaks about the level of mortality or mortality at any age level. This statistics table is a record of mortality is observed in the previous time period. From the observation result, insurance companies make an average figure as a benchmark for making illustrations of probability levels of life expectancy at each age group.

PT insurance using mortality tables as the main element in calculating insurance premiums. In addition, the calculation is based on the amount of administrative costs, distribution costs and interest rate assumptions. The amount of non-mortality of these elements depend on each company's policy of insurance.


In general, the determination of premium rates every life insurance company based on four principles, namely

• insurance premiums will be calculated by considering the amount of an insured group. The principle of average and probability can only work if applied to large groups. The larger a group the insured, the premium calculation closer to the expected results
•  although it is unknown when and how each group member will die later on, past experience is good enough to use as a guide to estimate future
• life insurance companies pay claims life insurance policies issued from the collection of funds contributed by the policyholders
• each participant contributed to the accumulation of funds in accordance with its risk level. People aged more will pay a higher premium rate than those aged younger.

By knowing how to calculate the premium, we should realize that an active awareness for insurance since very early to determine the amount of premiums we pay. Financial risk management is a form of our responsibility to the family. How wise is the transfer of financial risk to insurance companies by purchasing life insurance products. This is to reduce the financial burden in the future due to the emergence of misfortune / calamity and uncertainty. Do not delay a decision for insurance because of the disaster can never be predicted. Immediately contact the insurer or insurance agent that you know.

Zurich Insurance Indonesia

Zurich Financial Services Group is proud to announce that it established its presence in the Indonesian life insurance market on 1 November 2010 by completing the acquisition of an 80% stake in PT Mayapada Life. Zurich is committed to developing the market in Indonesia by building multiple distribution channels to meet the rapidly expanding protection and saving needs of Indonesians.

On 28 December 2010, the Ministry of Law and Human Rights has approved the change of name from PT Mayapada Life to PT Zurich Topas Life. This name change reflects the fact that the majority stakeholder of PT Mayapada Life is now Zurich Insurance Company, part of Zurich Financial Services Group. The company will be re-branded "Zurich" to be in line with other Zurich operations around the world.





Zurich Financial Services Group is the world's largest Swiss insurance-based financial services provider1 and a Fortune Global 100 company2. We have a global network of subsidiaries and offices in North America and Europe as well as in Asia-Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland. It employs approximately 60,000 people serving customers in more than 170 countries. We achieved business operating profit of about USD5.6 billion in 20093. Our financial strength is built on a prudent and focused business strategy. We are rated "AA-" by Standard & Poor's4 Zurich Financial Services is listed on the SWX Stock Exchange in Switzerland.

1. Measured by a composite ranking for sales, profits, assets and market value; source: The Forbes Global 2000, April 2010
2. In terms of revenue; source: Fortune Global 500, July 2010
3. Zurich Annual Report 2009
4. As of 29 April 2010
5. Earn Money
   

Astra Buana Insurance

12 September 1956. One step forward ahead. On this date PT Asuransi Buana airline was established and started his business as insurance companies (general insurance).

1981. Hope is growing with the largest ownership in the company of PT Astra International (AI). It is expected that this increasingly giving spirit to provide the best in performers.

1985. PT Asuransi Buana airline opened a new branch in the city of Semarang.

1990. PT Asuransi Buana airline changed its name to PT Asuransi Astra Buana (AAB). Replacement name and logo are increasingly strengthened affiliation to the Astra Group, a company known to have financial position and good management.




1992. AAB opened a new branch in the city. Total branch at that time amounted to 4 branches.

1994. AAB re-open 2 new branches in the city of Medan and Makassar, bringing the total branches amounted to six branches.

1995. This year, 95% of its shares owned by PT Astra International. The company also launched car insurance products "Garda Oto" and open 2 new branches in Jakarta and Solo.

1996. AAB re-opened 3 new branches in the city of Bogor, Palembang and Denpasar.

1997. AAB achieve ISO 9001 certification in recognition of performance and commitment to the quality. At the same this year also opened six new branches in Jakarta, Tangerang, Bekasi, Cirebon and Lampung. So that AAB has a total branch were 17 branches.

1998. AAB started their company's internal organization into two major parts, namely Line Personal and Corporate Line. At the same time, Garda Oto be the pioneer in riot cover to its customers. Business conditions are getting better, it is anticipated by the AAB to open five new branches in the city of Pekanbaru, Batam, Purwakarta and Yogyakarta.

2000. In this year, AAB further sharpen its vision. Vision, mission and core values ??the company renewed and strengthened as the handle of the company in achieving its goals. Various benefits provided to customers Garda Oto, such as: 24 Hour Access Guard, Guard Standby, website Garda Oto Oto Visa and Garda Card. The condition and appearance of any uniformed branch.

Year 2001 to 2005. Various recognition received by the AAB as evidence of satisfactory performance and service to its customers. ICSA, IBBA, Best General Insurance, Green Company - Attestation of Assessment Certification, E-Company Award, Call Center Service Excellence Award and the MAKE Award is part of the awards received by the AAB during 2001 to 2005.

2006. Innovation to give the best to its customers is manifested in the launch Q'Repair Guard service. This service allows for customers who qualify for vehicle damage repaired within 1 working day. Related AAB golden anniversary, a variety of activities themed "Safety is Everybody's Concern" was organized as: Safety Creativity, Fun Safety Rally, Driving Safety Course and Safety & Fun Touring.

Source : http://www.asuransi.astra.co.id/

Jasa Indonesia Insurance

PT Asuransi Jasa Indonesia (Persero) (Jasindo) the age of 37 on June 2, 2010 shows the ripeness and maturity in running the insurance business. As a company oriented to fulfilling the needs and customer satisfaction and always showed evidence of high commitment, not apart from its own pioneering value for the existence and growth of Jasindo insurance performance to date, so successful in gaining public confidence both within and outside the country there.

PT Asuransi Jasa Indonesia (Persero) (Jasindo) or better known as Jasindo Insurance is a company engaged in General Insurance and is one state that has the performance and excellent business performance. Jasindo insurance is a merger between PT and PT Asuransi Bendasraya General International Underwriters (UIU) to PT Asuransi Jasa Indonesia (Persero), which confirmed the decision of the Minister of Finance Decree. 764/MK/IV/12/1972 dated December 9, 1972 and confirmed by Mohamad Ali Deed No. 1 dated June 2, 1973.




As one of the leading state in Indonesia, all shares are owned by the State Insurance Jasindo Republic of Indonesia and Insurance Jasindo to date with the strength of Indonesia's 89 Branch Offices & 1 Branch Office of Foreign Affairs, has a long and mature in the field of Public Insurance is committed to always provide excellent service to meet customer satisfaction.

The ability of insurance experience Jasindo (Jasindo) has been recognized also by the Agency for International rating agency Standard and Poor's for the category of "Claims Paying Ability" in 1997 with a rating of BBB. Furthermore, in the year 2008 to 2010 Insurance Jasindo again received recognition as one - the only company General Insurance national who obtained a rating by the rating agency International AM Best, based in Hong Kong and America, for the category "Financial Strength Ability" (Stable Outlook) with a rating of B + +.

By always maintaining the spirit of hard work and strong desire to provide the best service to our customers, business partners and other stakeholders, is expected to what has been proclaimed as a goal in each year Jasindo Insurance can always try to achieve them optimally.

Source : http://www.jasindo.co.id/

Ace Insurance Indonesia

PT. ACE INA Insurance is a part of the ACE Group of Companies ®, a global leader in insurance and reinsurance. By getting evaluation of A + from Standard & Poor's and AM Best of the strength finanasial main operating companies, ACE Group is known through-owned underwriting expertise, superior claims handling as well as offices in various parts of the world. ACE is present in 53 countries and has commercial and individual customers in more than 170 countries.

Within the scope of traditional & special line, ACE utilizing strong analytical skills, breadth of resources and global reach it has to produce a variety of quality products and excellent service.

We invite you to explore our site and learn more in the ACE and the services and products that we offer.


ACE Financial Strength
ACE Limited (NYSE: ACE) is one of the leading insurance and reinsurance organizations, with gross premium income (NWP) in 2009 amounted to U.S. $ 19.2 billion and net premium income (NWP) of U.S. $ 13.3 billion (earn money). Book Value company also increased by 36 percent compared with last year, reaching U.S. $ 19.7 billion (earn money) at the end of 2009. Investment income in 2009 was U.S. $ 2.1milyar.

Principal capital strength, financial stability, diverse sources of revenue and the basis of our operations are multinational are strong indicators that we are at a very strategic position to continue to grow and progressively expand in the future. In addition, major insurance companies that operate ACE also has succeeded in maintaining the financial strength rating of A + from AM Best and Standard & Poor's.

From a business perspective, ACE is committed to continue supporting its clients and will do anything to help customers insurance products companies that may have been feeling the effects and impact of disruption in the global insurance market.

A snapshot of the ACE Group
Report S & P Affirm Back Against ACE Assessment
On December 31, year 2009, the agency's appraiser Standard & Poor's (S & P) reaffirmed its financial strength rating "A +" (Strong) for major insurance companies that operate ACE, and a positive outlook on the rating. That means that there is likely to increase in value next year. Currently, among 43 other commercial insurance in the United States who also get a rating, ACE is among the three main insurance rating get a positive outlook from S & P. Support the decision on the assessment, credit analysis the S & P cited a number of reports on the strength of the ACE, including the presence of the ACE global, diversified sectors and product lines, liquidity and yield excellent work, portfolio investments carefully, and the strength of capital ownership is more than adequate and management Good corporate risk. S & P also reaffirmed the rating "A-" (Strong) counterparty credit against ACE Limited, which also has a positive outlook.
Anniversary of The ACE-25

In this year, in 2010, marking the anniversary of the ACE-25 - a significant journey for our company. ACE was founded in 1985 by 34 founding corporate sponsor to provide excess liability protection as well as directors & officers are difficult to find. In the summer, ACE Bermuda opened for business and shortly thereafter, ACE wrote the first insurance policy.