Does Your Insurance Exclude You? Part 3

Another little-known fact of travel insurance is that the majority of policies which cover lost or delayed baggage will only apply on the way out. If you arrive back in the airport after a holiday, and your luggage fails to make an appearance on the carousel, there may be little you can do. Your insurer might not include inbound luggage loss as part of their standard policy, but you should be able to obtain cover if you inquire about it, and pay extra.

Payment protection insurance is perhaps the most exclusion-riddled insurance of all. Commonly offered at the time of taking out a loan, mortgage or a catalogue order, PP insurance is usually optional, but can be a good idea if you have dependents and/or several financial commitments. The premiums are typically high, so if you decide to take out PP, read the TOS very carefully to make sure you could claim if necessary; otherwise you could waste your money.

Not many people know unless they've had a claim refused, but if you have to take time off work due to common condition like stress or backache, you won't receive a payout from your PP. Even if the condition didn't exist at the time you took out the policy, a claim won't be accepted by the majority of insurers for loss of income due to the most common complaints. Your PP may also be invalid if you are self-employed or have been at a place of employment for less than 12 months on a permanent contract.

No matter what type of insurance you take out, it's important to read through all the paperwork carefully to make sure you could make a claim if necessary. Check all the terms and conditions, all the exclusions, and ask your insurer if there's anything you're not sure of. You generally have a week or two in which to check all the documents before you're tied into a policy, so make use of this time to familiarise yourself with the small print and make sure the policy is right for you.

Does Your Insurance Exclude You? Part 2

The length of a holiday can factor in another exclusion. Many travel insurance policies expire after 28 consecutive days per trip unless you pay extra. Don't make the mistake of assuming that your annual travel insurance will cover you for an unlimited length of time; inform your insurer if you intend to be away longer than 28 days so they can arrange extra cover. The same goes for home insurance; if you are planning on leaving your property unattended for more than 30 consecutive days you must inform your insurer. Many policies include a clause which states you can't leave your home empty for longer than this. Arrange for a friend or neighbour to stay in your house if you need to take an extended trip.

If you're an adrenaline junkie, check your insurance policies carefully. If you have travel insurance you may find you can't claim if you're injured while on an adventure holiday involving any type of extreme sport; this can include sky-diving, off-piste skiing and bungee jumping among others. Your life insurance could be compromised if you regularly take part in extreme sports on a professional or semi-professional level; activities such as wrestling, boxing and competition martial arts are commonly excluded from cover.

The majority of car insurance providers will not pay up in the event of an accident if you were found not to be wearing your seatbelt. This falls under the category of negligence and can apply if you allowed an uninsured or unlicensed driver behind the wheel of your vehicle. Negligence can also take the form of having your car stolen after leaving the keys in the ignition, or failing to lock up your bike outside a shop and having it stolen. If you lose something due to your own negligence your insurer could refuse to pay, citing you didn't take 'reasonable care' of your belongings.

You may also be refused a payout if you were under the influence of alcohol at the time of an incident. This not only applies to car insurance - drink driving is not just illegal, but can invalidate a claim - but can also mean that if you injure yourself on holiday after an exotic drinking binge you can't claim for any medical expenses incurred as a result. Home insurance is also affected by alcohol; If you hold an alcohol-fuelled party in your house and anything is damaged or stolen, your insurer may not pay out.

Does Your Insurance Exclude You? Part 1

Very little about insurance is straight-forward. There are so many clauses, sub-clauses and exclusions to consider it's a wonder anyone gets the coverage they need. So before applying for any kind of insurance, it's best to read the terms and conditions thoroughly to find out if any of the exclusions would apply to you.

The main types of insurance are car, travel, life and home insurance. Payment protection (PP) insurance and boiler insurance, also called heating cover, are becoming more commonplace too. Each insurance type will have different exclusions which may apply, and just to make things more confusing, not all exclusions will apply on each policy. Only by reading the T&C carefully or asking the insurer will you know for sure.

Perhaps the number one exclusion which affects travel, life and PP insurance is pre-existing conditions. When taking out one of these policies, your insurer should ask you a number of health-related questions. If they don't, it's your duty to inform them of any past or current health issues. Anything from diabetes to the fact you quit smoking 3 years ago should be declared otherwise a subsequent claim could be rendered invalid. Even though the insurer may not probe deeply into your medical history at the time of application you can rest assured they will go through it with a fine-toothed comb if you try to make a claim. Omitting any details at the start could cost you more than a possible increase in premium.

A little known fact of travel insurance is that if you travel to a country which is currently classified as a 'war zone' - such as Iraq or Afghanistan, you won't be covered. Checking the Foreign Office website will inform you of countries which they advise against visiting, and would therefore invalidate your insurance should you do so. A number of travel insurance policies actually exclude any terrorism-related problems; if your luggage is destroyed or your hotel is bombed in a terrorist attack you may not be able to claim.

Working on Insurance Comparison Websites

There is no doubt that the UK has gone crazy with price comparison websites, especially those that sell financial products, such as insurance, loans or credit cards.
There are probably a few reasons for this.

First Is Cost
There is no doubt that substantial savings can be made using this type of service say to buy your next car insurance policy. Each policy is presented to you, with the basic guide of what cover is offered and the price of that policy. For those who are used to automatically renewing will probably get the biggest benefit, here with real savings. It is probably this customer base that each website uses as an example to show how much money they could save. But it often not as easy as this: Often when you read the full policy details, you can find differences between the cheapest option and one more expensive, even if the basic top line requirements have been included. Insurance comparison is especially prone to this issue, as drivers often need a policy to suit all the different factors that go into making up the quote. For example, how many miles a year they drive, what make of car they drive, do they have any points on their licence, how many accidents if any have they had etc. This means that each driver is often looking for a unique quote for their personal circumstances, which is why you don't buy car insurance off the shelf, like say breakdown insurance. So this is where insurance comparison websites, sometime do not deliver, yes they show the best prices, but often do not show the real difference between the policies, even though they may present charts to attempt to.

The next benefit is saving time
Gone are the days where you needed to take time off work, because your car insurance agent only worked 9 to 5 Monday to Friday and possibly to 12pm on Saturday morning. Being able to look at quote in your time and in seconds really has changed the insurance industry. As a car insurance comparison provider, if you do not have a way of showing quotes on the internet in seconds, then it is unlikely your business will grow. The internet is no longer a new thing; even my 75 year old parents' use the internet to buy all their financial products with no help from me.

Immediate Cover
Most sites now also offer immediate cover on all insurance polices, although a final signature is needed at the end. Personal loans and credit cards still require a signature before you receive any moneys or a card. But as far as insurance goes, being able to cover your vehicle the second you put your credit card details in, is a major benefit to the user, especially those who always wait to the last minute with these things. Even those who are away from home and have access to any online computer can sort out their financial affairs online, even those who choose to live abroad.

So there are good things and a few things not so good with insurance comparison sites, but there is no doubt it has changed the way we buy financial products and I can't see us going back to how we did it before.

A Guide To Loan Payment Protection Insurance

Loan payment protection insurance can be taken out at the time of borrowing, lenders will in fact try to push the cover with their loans to grab back profits and make up for the cheap loan. Of course this is one of the dearest ways of protecting the money you are borrowing against the fact that you might be unable to work due to an accident or sickness. It would also provide you with an income if you should become unemployed due to redundancy.

So when taking on a loan or credit card always make sure that you choose to cover the borrowing by buying it independently. High street lenders at one point would sometimes add cover onto the borrowing without you being aware of what you were taking on. However for the most part this has changed since the intervention by the Financial Services Authority. It is always worthwhile making sure that it hasn't been added onto the loan you are taking out.

Policies taken with a standalone provider are one of the cheapest ways to protect your borrowing and in order to get the cheapest loan payment protection insurance quote you have to compare with several providers. The premium that is charged for the protection is based on the amount that you wish to cover each month up to a certain amount and your age. Age based insurance makes payment protection products affordable for all. The amount you insure against is what you would receive if you should become incapacitated or unemployed. You can protect not only your loan repayments but also any credit card debts you have. As more and more people turn to using "plastic" to get by, covering your borrowings is essential.

When the policy would payout and for how long would all depend on the provider you chose to go with. Therefore it is essential to read the small print of the policy before taking it out. Some providers will offer a policy that begins paying out a tax-free sum after just 30 days. However some will defer paying out on the policy until you have at least been out of work or unemployed for 90 days. The same applies as to how long the cover would last. There are policies that could payout for 12 months and some providers offer cover lasting up to 24 months. You also have to look at the exclusions as there are some in all policies and how many depends on the provider.

Loan payment protection insurance is valuable as if you cannot maintain your repayments and get behind and into debt then at the very least you would see your credit rating affected. In the worse cases you would be given a County Curt Judgement and bailiffs may be sent to recover what you owed through your belongings. Of course with a loan payment protection plan behind you, you would not have this worry and would be able to continue meeting your repayments. This alone would give you peace of mind and at a time when you need to be concentrating on making a recovery or going out and finding work, it is a lifeline.

Content Insurance For Landlords - How to Get the Best Deal

Content insurance for landlords is a key part of renting out a property. If you are or are planning to become a landlord there are certain things that you must have in place and content insurance is one of these things.

I know of a couple of fellow landlords that have not had adequate policies in place and have end up losing thousands of dollars as a result of uninsured losses,in both cases sustained through food damage.

It is all too easy to assume that because you have building insurance in place, and all of the contents belong to the tenant (if you are renting the property unfurnished) that you do not need content cover. This can be an expensive mistake, as two of my friends have found out to their own cost. Your buildings policy may not cover internal belongings to you such as carpets, wooden floor coverings, refrigerator, cooker, washing machines, curtains, window blinds. This quick list demonstrates actually how many potentially expensive items you may have inside your rented property that will require insuring.

Getting the best deal is an essential part of ensuring you get the best possible financial return from your rented house. The first rule s not to accept the first quote you get. Aim to spend a good amount of time researching the market to get the best possible deal. Do not just look at the annual premiums, be sure to look at exactly what is covered and how much any excess is on each policy.

PROFESSIONAL RISK & LIABILITY INSURANCE

Professional Indemnity Insurance

Protects professionals for breach of their professional duties arising fromt he conduct of their practice or busienss. Included in this area are:

• Majority of Sectors
• Health Sector
• Information & Communications Sector
• Property & Construction Sector
• Legal Sector
• Publishing & Broadcasting Sector
• Finance Sector

Directors & Officers Management Liability Insurance

Provides protections for individuals against Director & Officer legal liabiilty which they may incur while carrying out their duties as a company Director or Office. This include:

• Company Roles
• Trust Roles
• Association Roles

Financial Risk Insurance

This protect you from commercial crime.

Business Liability Insurance

• Broadform Liability
• Public Liability
• Products Liability
• Umbrella Liability

Domestic Liability Insurance

• High Net Worth Individuals
• Golfing Activities

Consider Protecting Your Borrowings With Loan Cover

Loan cover can be a great way of preparing against the unexpected occurring while you have debts hanging over your head that you are having to repay monthly. A policy allows you to continue repaying your lender as normal if you have an accident or illness which would keep you from attending work and earning a living. If you should become a victim of unemployment such as through redundancy then it would also give you an income which would be tax-free.

This money could make a huge difference when you have loan or credit repayments to make. There are many consequences to getting behind on your repayments and your credit rating will almost certainly be affected. However you could also gain a County Court Judgement against you and some lenders will take you to court to get back what you owe through your repossessions in some circumstances. Loan cover can put a stop to all of this which of course means you are free to concentrate on making a speedy recovery. It would also allow you to look around for work again without financial worry regarding your repayments.

When considering protecting your borrowings in this way the best way to ensure you get the cheapest quote is by looking online for a specialist in payment protection. Such as specialist offers far cheaper quotes than you will be given by lenders on the high street. If you are offered insurance when taking out the policy with your lender, you could be paying well over the odds for your protection policy.

High street lenders make huge profits each year by selling protection insurance, they also make up for the fact they are offering cheap loans. Protection that is taken this way be will be added onto the cost of borrowing and then the interest is calculated on the total amount. In effect you will not only be paying interest on the loan but also your protection for it.

Along with looking for the lowest premiums you also need to compare policies for the beginning and end dates. These differ between providers just as the cost and the exclusions do. You can find that one policy would begin providing you with an income after the 30th day of unemployment or of being unable to work. On the other hand the provider might offer cover that would only benefit you after you are unable to work or have been unemployed for at least 90 days. You also have to check the terms and conditions to see if the provider backdates the cover to the first date of you becoming unemployed or of being incapacitated. As for the exclusions they are to be found in all policies. However, some providers will add in many and others only the most general ones.

Loan cover has in the past been called nothing but a "rip-off"and in some cases when taken out with the loan it can be expensive. However if you choose to buy your cover independently from an ethical provider you can be assured that you will have cover you can rely on.

Loan Insurance Provides Your Repayments If You Lose Your Income

Loan insurance can provide you with the repayments of your loan or credit card borrowing if you should find yourself unable to work after becoming ill. Illness happens at anytime and sometimes it is necessary to take many weeks away from work or in some cases months. If you were to have an accident then it could also take weeks of recovery before you could go back to work. In the case of losing your job altogether you could have to attend lots of interviews before finally finding a position suited to you.

In all cases continuing paying your lender is imperative if you did not want to get into debt. If you got behind on your repayments you would at the very least suffer a bad credit rating, the worst situation could mean that you would be taken to court. If you are considering using savings as a means of income to protect your repayments, they could last a while but if you had to dip into them for months on end, they might run out. State help is also considered as a means of repaying your loan. You should not automatically assume that you would be entitled to receive benefits from the State. You need to be eligible to claim and this means you have to be eligible to claim income support.

Loan insurance will come with some terms and conditions as do all insurance type products. However the provider will give you the information needed for you to be able to determine if cover is suitable for your needs, there and then. Once you were protected by a policy it would provide you with the much needed income if you should become unemployed or incapacitated for a certain period of time.

The waiting period before cover pays if you are incapacitated or unemployed would depend on the provider. The majority of them would state that you cannot claim on the cover until between the days thirty and ninety. This means you must be out of work for the stated time consecutively then claim on that day. Some providers will backdate the benefit to the first date of your becoming unemployed or incapacitated and you should consider this when looking around for the policy. A policy will pay out for a certain period of time before expiring; depending on the provider you are able to take out a twelve month or twenty four month policy.

With loan insurance behind you to back you up you would not have to worry about juggling your loan or credit card repayments each month. You would have the luxury each month if needed of the tax-free income you insured against when taking out the cover. You are then able to concentrate of getting well and back to work; if you had become unemployed you would not be distracted and could just concentrate on finding work. Of course you should read the terms and conditions of the policy before taking it on if you were to have peace of mind.

Your Loan Repayment Can Be Protected With Loan Payment Protection

When you take on a loan no matter what happens you have to be able to carry on meeting the monthly repayments. Your lender will not let your repayments slide if you should lose your income and be unable to meet your repayments. While your lender might be willing to make an agreement with you in the short term, if you remained out of work for many months then you could be facing problems. Loan payment protection can give you an income to replace your own if you are made redundant. It can also provide for you, should you have to take time off from work due to becoming ill or if you were to have an accident.

The cheapest way to take out valuable loan payment cover is by going online and choosing to buy it independently. By searching and buying your policy this way you are able to get the information necessary to make sure cover is suitable. You will also be able to compare not only for the cheapest premiums, but also when the cover would start and for how long it would payout. These dates vary with the provider as does the premium. Loan cover can be taken with your loan from the high street lender and in some cases lenders are known to add on the cover without asking.

If protection is added on this way then you could quite possibly see your borrowing double. This is due to the protection being added onto the borrowing and then the interest is calculated on the total amount of the loan and the protection for it. You should always ensure that protection has not been added on when taking out a loan and when buying a loan online make sure that you are not being tricked into taking out protection at the same time. Sometimes when buying a loan online you have to un-tick a pre-ticked box if you do not want the protection including.

Usually providers will payout on your policy for between 12 and 24 months and during this time you receive a tax-free payment each month you remain unable to work or unemployed. There is also a period of time which you would have to wait before the cover would begin paying out and again this varies. Some providers will begin paying you after 30 days while others could ask you to wait for up to 90 before beginning payout. There are providers who would also backdate your benefit to the first date of unemployment or incapacity; again you have to check the conditions before buying.

Loan payment protection is a perfect solution to stop you worrying about how you would be able to continue meeting the repayments. It guards your credit score, as if you get behind on your repayments this would be affected and then future borrowing could be impossible. If you have large debts by way or loans or credit card the lender could take you to court. If this happens you could get a County Court Judgement against you and see bailiffs seizing your belongings to pay the lender what you owe.

Loan Payment Insurance Can Help You Remain Debt Free

If you were to suffer the misfortune of having to take time off work after falling ill or being involved in an accident, you would still have to find the money to continue meeting any loan or credit card repayments you had. This could leave you struggling severely; the same would apply if you were to find yourself unemployed by such as redundancy. Loan payment insurance would give you an income tax-free once you had been unemployed or incapacitated for a period of time.

The income you would receive would then allow you to be able to maintain your loans/credit cards without having to worry. It would allow you to search for work or to make a recovery in the shortest time possible. The premiums for the cover would be based on your age when taking out the cover and the amount you want to protect each month. All providers will allow you to insure up to a certain amount of your repayments each month and this along with the other important facts can be found in the small print.

One thing you need to check when comparing is when the policy would begin and when it would end. Cover only pays out for a certain period of time. Providers offer loan payment insurance that pay for 12 months while some offer 24 months. The time you have to wait before you can claim on the policy would also vary with some kicking in after the 30th day of incapacity or unemployment, with other providers it could be 90 days before claiming. You can also find the details regarding any exclusions that could be found in the policy.

Protecting your loan or credit card outgoings is essential if you are to be able to maintain your credit score. If you get behind on your repayments and into debt then you will be seen as a bad risk and your credit score will plummet. If this happens you could find obtaining a loan in the future very hard and quite possibly you could have to pay a higher rate of interest. In the worst cases the lender could take you to court and you could earn a County Court Judgement and have bailiffs come to your home to take your possessions. Loan payment insurance would stop any of this from happening because you would be able to continue meeting your commitment.

Loan payment insurance can be taken at the same time as borrowing. However by adding it onto the loan, the lender will then add interest onto the whole thing which could boost up the amount you are repaying by almost double. Do not be fooled into thinking that you have to take the cover offered by the lender or that you have to take protection out when taking out the borrowing. You can choose to cover your borrowings at any time by buying your policy independently. By choosing to do this you can get a quality product for far less than you would if you had taken it with your loan.

Shop Around For Your Loan Protection Quote

Getting your loan protection quote online is the easiest and cheapest option for protecting your loan or credit card repayments each month. A policy would provide you with a lump sum of money which is tax-free if you should become unemployed or suffer from accident or illness that meant you could not work. It is also one of the best ways to make sure that you understand the product, as standalone providers will always provide you with the information you need. It is only by shopping around and comparing different premiums and the policies themselves that you can find a policy that will not break the bank.

If you take your loan out online then when applying for it, you have to check to ensure that loan payment protection has not been included when you filled in the online form. Some providers were found to be using a system which required the consumer to remove the tick from the box if they did not want protection. This of course, confused many and many people bought their loan with cover included. With the intervention and investigation of the Financial Services Authority and the Office of Fair Trading in 2005 many lenders selling loans online had to change their ways. However it is worth considering and checking when borrowing this way. A loan protection quote taken with the high street lender can also mean that you payout too much for cover. Some lenders will add in the cost of protecting the loan before adding interest so you are paying interest on the protection along with the borrowing.

Of course comparing loan payment protection is essential if you are to get the cheapest cover. However it is also important that you check the conditions of cover as the terms vary. For example some providers will offer you a policy that would payout for 12 months and some could offer cover which would provide you with a payment each month for 24 months. There is always a waiting period before the protection would begin. You could have to wait 30 days or it could be as long as 90 days. You also have to be aware that some providers would backdate their cover to the first date of you being out of work or of being incapacitated.

Protecting your borrowings should be seriously considered, as if you were to get behind on the repayments and they mounted up, your lender could take you to court. If you were taken to court then you could be given a County Court Judgement and even have your possessions taken by bailiffs to make up what you owe the lender. In almost all cases your credit rating would be affected at the very least and this is important in the future if you wish to borrow again. Your credit score is what all lenders take into account when deciding how big a risk you are. However you easily avoid all of this by keeping up your repayments while recovering or finding working again with a policy after obtaining a low cost loan protection quote.

Loan Payment Protection Can Provide You With Peace Of Mind

Anyone who has a loan or who has taken out credit card will probably be offered the chance of protecting them with loan payment protection. A policy is taken out to ensure that if you could not work due to such as illness or accident or if you became unemployed you would have an income to carry on paying your outgoings. While taking the protection out is a great idea, you can get a policy a whole lot cheaper if you choose to shop around for it.

There are specialists who only deal in loan payment protection and other related protection policies. They offer the lowest premiums while at the same time ensuring that all the information is given regarding the policy. You do have to check the conditions before buying as this where you can find out when the policy would begin and end. All policies have different dates, some providers will begin to payout after you have only been out of work or have been unemployed for 30 days. Some will backdate their cover to the first day of incapacity or unemployment but others do not. All policies only pay for up to a certain amount of time. Providers could offer 12 months protection and other may offer 24 months, the policy would then expire.

Guarding your repayments should be considered essential if you do not want to fall behind and into debt. Anyone who gets into debt will have their credit rating affected and will then find it very hard to get any form of credit in the future. Even worse your lender might seek repossession of your belongings to pay off the debt. With loan payment protection behind you there would be no worry of where you would find the money each month. You would get the tax-free income that you insured against when taking out the cover. This would allow you to concentrate on making a full recovery and being able to get back to work. In the case of unemployment it would allow you time to find the type of work suitable for you.

Loan payment protection products caused quite a stir in 2005 after the Citizens Advice made a super complaint to the Office of Fair Trading and it emerged that there had been mis-selling. The Office of Fair Trading handed out fines to many names on the high street as a result during an investigation. However it is essential to remember that it is not the fault of the products that were to blame for the many problems noted. In the majority of cases it was the lack of information from high street lenders at the time of pushing protection that caused problems. If you stick with independent providers you will get excellent advice free of charge before you buy. With the Office of Fair Trading and the Financial Services Authority both investigating the payment protection sector a lot of changes for the better have been seen. Currently the Competition Commission is conducting an in-depth enquiry into the sector, the results of which will be revealed to the public in February 2009.

Protect Your Borrowings With Loan Protection Insurance

Loan protection insurance would protect any borrowings you had by way of loan or credit card. A policy would provide you with an income, tax-free, if through no fault of your own you should become unemployed. It also pays out if you were to suffer from an illness that kept you from working or if you should have an accident. During times of illness or accident the last thing you need to worrying about is how you are going to maintain your loan repayments. The same would apply if you were out looking for work, you would not want the distraction that worrying about where to find the money to pay the bills.

Failure to keep up with the repayments of the loan or credit card would almost certainly mean that your credit rating would plummet. If your credit rating is affected then usually this will make getting further credit in the future next to impossible. You might have to go for a bad credit loan and these types of loan almost certainly attract a higher rate of interest. It could also mean that you would have a County Court Judgement against you and in the worst case scenario if your debts were high, you could have bailiffs coming to take your possessions.

A policy would begin to protect you and payout the sum you had insured once you had been unable to work or had been unemployed for a period of time. With the majority of providers this is between days 30 and 90. Some providers would backdate the benefit to the first date that you came out of work or of unemployment, but not all do so always double check in the terms and conditions. Once the policy had commenced it would then continue for between a period of 12 and 24 months, again depending on the provider. 12 months is usually adequate time to have found work or have made a full recovery and got back to work, however once the term of the policy ended then so would the policy.

Loan protection insurance can be added onto the cost of borrowing or when taking out the credit card. Policies taken this way are often a lot more expensive than if you had shopped around and chosen to buy the policy independently. In fact when taking the cover out with the loan the policy can sometimes almost double the total amount of money borrowed.

There is an additional bonus to taking your loan protection insurance from a standalone provider and this is for the vast of information they will provide on all aspects of loan protection. The terms and conditions of the cover are not only important when finding out when the policy begins and for how long the policy runs, but also for the exclusions. Exclusions do need to be checked against your circumstances and providing you do so a policy will payout if and when you need it. There has been a lot of bad publicity surrounding all types of payment protection but the products can and do work as they are intended providing you understand what you are buying.

Payment Protection Insurance Can Be Taken For Mortgage, Loan Or Income Protection

The family of payment protection insurance products are often very confusing. After all while policies will basically work in the same way when they payout and for how long they payout, they pay for different reasons. There are three types of policies that can be chosen from. These, depending on your circumstances would work in your favour if you were to fall sick and had to take time away from work. They would also provide benefit to the policy holder if they were to be unfortunate enough to be involved in an accident. Furthermore if you became unemployed then a policy could also provide you with an income tax-free.

The majority of individuals don't have the luxury of plenty of cash and have to take out a mortgage with a lender when we want to buy our home. Unless the mortgage payment is made each and every month without fail we break our agreement with the lender and face repossession. The lender could help in the short term for one missed payment, but if you were to have to take several months from work the chances are the lender would seek repossession.

However, if you have the backing of mortgage payment protection, you could turn to this after between 30 and 90 days of being unemployed or incapacitated due to accident or sickness. A policy would then allow you to pay a substantial part of your mortgage payment each month. You could take your chances by applying to the State for help. However, do not solely rely on them to provide your mortgage repayment as there are many terms and conditions you have to meet to be eligible. Even if you did manage to be able to claim, the benefit would only help with the first £100,000 of the interest on the mortgage.

If you were borrowing by way of credit cards as many people do, or if you have taken a loan, again the lender would want their monthly repayment. If you do not maintain it then you are facing at the very least your credit rating demise. Again loan payment protection insurance would step in and allow you to continue meeting your agreement with the lender.

Finally you could choose to take out income payment protection. This protects your overall income up to a certain amount each month. With a policy such as this behind you, you could keep up with all your outgoings. This would of course include your mortgage payment, loan/credit card repayment and any other essential monthly outgoings. You would not have to worry where you would get your bill money or duck and dive making changes to your lifestyle.

When looking for payment protection insurance you have to shop around just as you would with anything you were considering buying. It is only by comparing premiums for policies that you are able to get the cheapest. While you could take protection out when you borrow, this is not the cheapest way of buying what can be great peace of mind. When shopping for your policy always compare when the cover would begin and end. The majority start after 30 or 90 days and some providers will backdate cover to the first day. Providers can also offer 12 or 24 months protection, you can find how long a particular policy would pay and when it would begin in the terms and conditions.

Loan Payment Protection Insurance Looks After Your Loan Commitment

Taking on a loan when you are in full time work is all well and good while you can continue to pay it back each month. It is when the unexpected happens, and that monthly income you rely on, which you take a big chunk out of to repay your loan, is lost. Suddenly you are faced with having to maintain your loan, your mortgage and any other essential outgoings with the small sum your employer gives you, if any. Loan payment protection insurance would, if you had taken out cover, given you the tax-free income to pay your loan commitment. This would mean at least your loan was covered if nothing else.

The majority of people who take on a loan realise how important a credit rating is when applying for a loan. Some may have even struggled to get approval for the loan they are now considering taking out protection for. Imagine how hard it would be if you cannot keep up the repayments and your credit rating plummets further. Of course this is nothing compared to the County Court Judgement you could receive for failing to keep up with the repayments.

When you take all this into account it makes a lot of sense to consider protecting your borrowing. If you choose to look around with specialist providers then a policy does not have to cost the earth. Some are cheaper than others and this is why you need to get several quotes to compare. However it is not only the cost of the premiums you need to compare, you also need to compare the start and end dates. The reason for this is that some will begin to provide you with the much needed sum of money after the 30th day of unemployment or incapacity. Others could ask that you stand for up to 90 days. Some pay for 12 consecutive months while with others it is 24 monthly repayments.

You also have to compare the provider themselves, are they well known? Do they provide you with all the answers to your questions? Do their policies frequently top the best-buy charts? All of this can make a huge difference, after all the policy is only as good as the provider that backs it up. A provider should give you all the information relating to a loan payment protection insurance policy before you buy. They should not try to push cover onto you and instead encourage you to get several quotes to find the cheapest premiums. After all if they offer the cheapest premiums then they know you will come back to them after looking around.

Life could become extremely hard during sickness or if you suffered an accident. It can be a devastating blow if you become unemployed through redundancy. You would not want the additional worry and stress of having to struggle to find your loan repayment each month. With loan payment protection insurance you would not have too. All you would have to worry about is yourself and getting fit and well. If you have lost your job you would have security while looking around for another and in some cases this could take some time.

Consider Income Payment Protection Insurance

Income payment protection insurance would allow the policy holder the satisfaction of knowing that they would be able to maintain all of their essential outgoings without having to struggle or miss one payment to pay another. Of course you would also be able to maintain the most essential outgoing, your mortgage repayment. If you do not maintain your mortgage then you will lose your home to the lender by way of repossession.

Not being able to maintain such things as your loan repayments could also see you having a day in court. At the very least your credit rating would decline and this could mean that getting any form of credit in the future would be extremely hard. Of course all your other repayments could be taken care of with income payment protection insurance such as food bills, heating, lighting and any essential unexpected bills that crop up.

You could lose your own income by having to take time away from work if you were to have an accident. Accidents happen at anytime, in the car, in the home or at work and you could have to take many months off to recuperate. You could also become sick, there are illnesses and super bugs going round all the time and if you are unfortunate enough to fall seriously ill to one of them then you would have to take lots of time off work. Redundancy is also a huge threat and no one can say that their job is safe. No job is safe and redundancies happen all the time. While you might have excellent qualifications and experience, it can take many months to find suitable work and again a policy would provide for you.

Whether you are unable to work due to accident or sickness the chances are that you will need to be able to concentrate on making a full recovery. In some cases, you could also find that you might have to spend several weeks or even months going to physiotherapy. If this is the case then you do not want to be worrying about your outgoings or how you are going to find the money to support your family. The same would apply while you were looking for work after becoming unemployed. You wouldn't be able to concentrate on making a good impression at interviews if you were worrying about how you were going to meet your outgoings.

Income payment protection insurance is, for the majority of times, cheaper when searched for online. To ensure you get the cheapest quotes, you should get several quotes from standalone providers. Standalone providers quotes come with the essential facts needed to decide if their cover would benefit you and it is essential you read them. Among other things, this is where you will find when the cover would kick in and when it would end. A policy once claimed on will not payout for ever, the majority of policies would begin to payout after incapacitation or unemployment between 30 and 90 days. It would then provide the policy holder with an income before expiring for between 12 and 24 months.

Protect Against A Loss Of Income With Income Protection Insurance

Have you ever stopped to consider how much you rely on your income each month? Very few people actually do until it's too late and you are without your income. A loss of income can occur for many reasons. Remaining fit and healthy without falling ill is almost impossible; even if you are only out of work for a few days, you could be left feeling the pinch. Imagine how you would feel if you lost your income for several months. Income protection insurance would allow you financial freedom when you need to keep on top of your essential outgoings.

Income protection insurance generally covers your income up to a certain amount. A policy can be taken out for a premium each month that is based on how much of your income you wish to insure. All providers will state how much per month the limit would be and this is the amount you would receive each month you remained incapacitated or unemployed. It would also take into account your age when applying. If you take age related cover from those providers who offer it, then those in the younger age group are able to benefit the most from a policy. Once you have taken out the cover the premiums you pay remain the same for as long as you pay them. This means that they cost of the insurance will not go up the older you get.

Income protection insurance can also be used to ensure that your mortgage repayment could be kept up. Ensuring you have the money for your mortgage each month is essential and a priority. You would also be able to continue meeting any loan or credit card requirements you have. In fact, you could continue with your lifestyle as if you were working and keep up all your essential outgoings.

You would not have to worry about your financial commitments or have to juggle figures each month. You would also not have to dig deep into savings you have stashed away or apply for State assistance. While sometimes you can apply for help from the State, there are usually many conditions you have to meet. For instance, you need to be claiming income support to be eligible to claim benefit this way. You also cannot claim if you have savings over a certain amount, or if your partner works full time.

While you might think your bank account holds enough to get you by, you would be surprised at how quickly the balance would drop once you started digging into it. While there are certain conditions you have to meet to qualify for income protection insurance, you will be given the information and advice so that you will know immediately if you are able to benefit from taking out protection. A policy varies in when it begins to provide and for how long. Usually it is within 30 and 90 days and then continues for somewhere between 12 and 24 months. Again checking out the terms and conditions of the cover will tell you when and for how long, along with providing information regarding the exclusions which may be included in the policy.

Income Protection Can Be Found Cheaper Online

Falling ill for a long period of time would be bad enough itself but imagine how you would cope if you also had no money to fall back on and could not manage to maintain your outgoings. The same would apply if you were to be involved in an accident that would stop you earning a living. You would have to struggle to get back on your feet again as quickly as possible as you would be worrying about how you were going to manage your bills. If you were made redundant then it could be many months before you found work again and during this time you would also have to juggle the small amount of money you had coming in. You can have protection against this if you had taken out income protection for a small monthly fee.

Income protection would provide you with an income if you should lose your own due to incapacity or unemployment. There would be a period of waiting before you could put in your claim and then you would receive the payment you had insured when signing up for the agreement. The amount you choose to cover and your age when applying would reflect on the amount you would have to pay each month, and different providers vary. If you want the cheapest possible premiums while also getting a quality product then you have to shop around and compare. You not only have to compare the cost but also check the exclusions, exclusions are to be found in all policies but some have more than others. The starting and end dates also differ and it can be by quite a lot.

Some providers will begin to provide you with an income to replace your own after 30 days of being unemployed or incapacitated. Other providers might ask that you wait for as long as 90 days before they would begin to payout on the cover. Just as there are different periods of time before you can claim, the same applies to how long the policy would payout. Some providers offer a policy that would continue supplying you with an income for as long as 12 months, while with others it can be 24 months. In all cases once you had started claiming on your policy it would only last for the time stated in the terms and conditions and then it would cease.

With income protection behind you to back you up you would be able to concentrate on making a fast recovery and get back to earning again. In the case of unemployment you could have plenty of time to gather yourself together and find another position. You policy would allow you the financial security needed at a time like this and would allow you to continue meeting one of the biggest outgoings, your mortgage. Of course you could also maintain any loan or credit card repayments and also keep food on the table, your home warm and all the little things in life that you are used too. You would not have to be struggling to find money or juggle bills around so that would be able to meet them.

Choose Payment Protection Carefully

Payment protection is a term that is used for insurance policies that will safeguard against you losing your income. Different policies can be taken out for different situations and you have to ensure that you choose the right type for your needs. All policies would pay a fixed amount that was determined at the outset when you took out the policy after a period of waiting. They would cover against the fact that you might suffer illness for a period of time or you might not be able to work after being involved in any accident. The policy can also protect against the fact that you might be made redundant and have to find a new position.

One form of policy covers one of your largest outgoings each month, your mortgage repayment by way of taking out mortgage payment protection insurance. Failing to be able to maintain you mortgage would mean that the lender has the right to take you to court and seek a repossession order. If the judge issues this, it would mean that you would have to leave your home. In the majority of cases you would be evicted in around 28 days of the hearing and along with losing your home would face the stigma of repossession and the repercussions. Your credit rating for one would be affected and this could mean the chances of borrowing in the future would be very slim. A policy would give you an income which would allow you to carry on paying your mortgage repayments.

If you have loans or borrowings on credit cards then again you would have to be able to keep up with the repayments. Failure to maintain them would see you getting into debt. Your lender could choose to take you to court and you could be handed a County Court Judgement. A judge can also send bailiffs to your home to recover what is owed through your belongings. At the very least your credit score would be affected and this is harder to repair than it is to destroy. A loan payment protection policy can be taken and this would allow you peace of mind that you had the money to repay your commitments if you became unemployed or were incapacitated.

You can also choose to protect your income in general by way of an income payment protection policy. This would allow you to maintain all of your outgoings including the big ones such as your mortgage, loan or credit card repayments. However it provides much more as you would have help for all of your outgoings and would not have to start ducking and diving to avoid bills or juggling them around.

Policies begin to provide with providers at different times. Some payout from the 30th day while with others it is the 90th day, provider offer payment protection policies that could pay for 12 months, with others it can be 24 monthly payments you would receive. Ethical providers should offer the information on how long and when the cover pays before you buy your policy. They should also make you aware of any exclusions which could be found and that you have checked them against your circumstances.

Do Not Be Left Struggling, Take Income Insurance Out

Income insurance could be your saviour if through illness you were unable to earn a living for a period of time. It would also step in and help if you were to become unemployed through no fault of your own, or if you had to take time off from work due to an accident. All of these events can and do happen when we least expect it.

You would have a hard enough time recovering from illness or an accident without the additional stress of having to find the money needed to be able to meet all your bills each month. You would of course have to be able to pay your mortgage unless you want to lose your home to repossession. Loan and credit card outgoings would also have to be continued, as would all the other bills that drop through the letterbox on a regular basis.

Income insurance would allow you to do this without having to change your current lifestyle or make drastic cutbacks. If fact you would be able to continue just as you had been while you were working. Your cover would give such peace of mind that you would be able to recover much faster and of course you wouldn't be thinking about bills while concentrating on passing your interviews when looking for work.

Cover can be taken out from a standalone provider of payment protection insurance. This is the cheapest way to take out a policy but you have to shop around with independent providers as the cost of the policy will vary, and it can be considerably. Another factor which also varies is when the policy would begin to payout and when it would end. This can be anything from day 30 of unemployed or of being incapacitated and unable to work, or it could be as much as the 90th day. All cover pays out for so long before it then expires. The majority of policies will pay between a period of either 12 months or 24 months. You can find out exactly how long the policy you are considering taking pays out by checking the terms and conditions.

The terms and condition do have to be checked to ensure that you understand what you are taking on and if it would be suitable for your circumstances. Standalone providers will provide you with the key facts of any income insurance you take from them along with facts on the cover you should now. Payment protection products have in the past given cause for concern but consumers should not be over alarmed, providing cover is bought from an independent provider and you understand what you buying they can and do provide valuable protection.

You could be tempted to rely on savings as a way of getting by but these would not last for ever, or you might think that State help would see you through. Neither are great ways of relying on receiving an income each month. You would have to meet certain requirements with the State and you could be waiting for many months before receiving any benefit. In the meantime your bills would be mounting up.

Consider Unemployment Insurance As A Back-up Plan

Unemployment insurance can be taken out with a standalone provider so that if you were to be made unemployed by such as redundancy you would not be without the money to continue meeting essential bills. No one likes to think it can happen to them, but it can and it does, and unless you have planned for such an occurrence you could be left struggling. In the worst case scenario you could be facing losing your home if you cannot maintain your mortgage. You could also see your credit rating decline and be left struggling to pay other essential bills.

Unemployment insurance is a broad term for a wide range of payment protection insurance that begins to pay between day 30 and 90 of being unemployed by such as redundancy, and it would provide you with the sum of money you insured against. You would be able to continue claiming on the policy for a certain period of time set out by the provider. Some providers offer protection that would give you an income each month over a period of 12 months. With others it might be 24 months. The terms and conditions will tell you and they will also state any exclusions that could apply to the cover.

If you have a mortgage to maintain each month then mortgage payment protection insurance can be taken out to protect just against unemployment. This could be an excellent way of ensuring that you would be able to keep up with your mortgage outgoings each month. If you got behind on your repayments by just one month you would almost certainly receive a letter from the lender. If you carry on having difficulties then you are looking at the lender seeking repossession of your home. Mortgage cover can be taken out as unemployment protection based on how much of your mortgage repayment you wish to cover, up to a certain amount defined by the provider.

Loan and credit cards might be a cause for concern; again you can protect them and ensure you have the needed money each month with loan payment protection. The policy would allow you to service your monthly loan repayments or credit card bill as though you were still working and you would be able to maintain them for the time stated in the cover.

Your income in general can also be covered with unemployment insurance. If you were to struggle for many months to find a job it would be able to maintain all of your essential outgoings while you found work. Jobs are not easy to come by in this day and age so it could be many months before you found suitable work. During this time you would not want to be worrying about how you were going to manage to pay your mortgage or loans. You would also not have to worry about feeding your family or paying any of the smaller bills that mount up each month.

Unemployment insurance can be an excellent form of back-up plan on which to fall and can be bought with peace of mind from an independent provider. Always shop around and get several quotes from which to make a comparison when considering taking out protection this way as the quotes do differ with each provider.

Unemployment Protection Could Save Misery

Being unemployed after being made redundant would leave you feeling miserable enough without having to face the fact that you have lost the income which you have come to rely on each month to keep your head above water. However you could be ok if you had the foresight to have taken out unemployment protection for your outgoings.

Unemployment protection can be taken in many forms and to protect many different bills you have to pay each and every month. Bills have to be maintained even if you are unfortunate enough to have been made redundant and you cannot solely rely on redundancy money. While you might have ample redundancy money, you would soon see a big dent appear in it if you had to maintain payments such as your mortgage or credit cards and loan repayments.

Loan payment protection insurance would provide you with a sum of money that is tax-free so that you can continue meeting your repayments while you look around for work. Finding a job in some cases takes a great deal of time and effort. You could have to attend several interviews and wait for answers and this all takes time and while you are not working you are not earning.

Your mortgage is one of the biggest worries you have hanging over your head if you find yourself out of work. The mortgage lender will not wait forever for you to find work again. However you can protect it by choosing mortgage payment protection as unemployment protection. Mortgage cover can either be taken just to protect against the possibility of unemployment or you can combine it to protect against being out of work for accident and sickness also. You wouldn't have to worry about losing your home with a mortgage insurance policy behind you while looking for work.

Your policy to protect against unemployment will begin to provide for you after you have been unemployed for a specific amount of time. Some providers ask that you are out of work for a minimum of 30 days before cover commences and some backdate to the first day of unemployment. Others could defer paying out until the 90th day of unemployment, so it really pays to read the small print of the policy.

The small print will also hold valuable information about your cover and this is another reason why you need to check out the terms and conditions thoroughly before rushing into buying a policy. Almost all polices come with some exclusions in them, all types of insurance products do and payment protection policies are no exception. These are reasons which could mean protection would not be suitable, so look for these in a policy before buying as some provider add-in many and others just a few.

Unemployment protection will vary in cost depending on the provider you get the quote with. It is essential that you choose standalone specialist providers to get your quotes from as these will offer the lowest quotes and the best quality products. Never be tempted into taking out the cover alongside any loan or mortgage deal you get, in the majority of cases this can be the most expensive way of taking valuable cover.

EDUCATION PLAN INSURANCE INDONESIA

Education Plan is mostly a packaged life insurance which covers an investment, life insurance and in some cases also health insurance.

Client agrees to pay policy for a certain length of time during which the insurance company will provide health and life insurance coverage. Insurance company will continue the payment if there is an unexpected death in the middle of the contract, or permanent disabilities.

This policy is much effected by your age, your son/daughter age, length of time you would like to take and other factors such as health.

Insurance company will pay the policy in each educational stages ie. Elementary, Junior High School, Senior High School and University.

COMMERCIAL MACHINERY & CONSTRUCTION

Machinery Insurance

Mechanical failure or breakdown of equipment can result in unexpected losses to your business. Losses can arise from damage to equipment or stock, plus loss of earnings or penalties for failure to deliver goods or services. By entering into appropriate insurance policies in relation to your equipment, you manage various risks.

Construction Insurance

Building contractors and principals know that time and costs are critical factors in the economic success or failure of a construction project. Increasingly, builders, contractors and engineers face highly complex risks. Sudden unforeseen loss or damage to your plant, machinery or equipment can ruin your materials, increase your operating costs and erode your profits. To help deal with these complex risks see the following policies/

Unemployment Cover - Give A Replacement Income

"Why would I need to take out unemployment cover" you could be asking yourself, if I were made redundant then I would have my redundancy money to rely on while I got another job. While it is true that you would get a payout from your company, if you started to rely on it to pay all your essential outgoings each month then it would soon run dry. It can be surprising how much your outgoings add up to each month when you sit down and work them out. Your mortgage alone is a huge outgoing, not to mention any loans repayments or credit card repayments you might have. Then of course there are all the small bills, food, heating, lighting and everyday things you have to payout for.

Unemployment cover taken for a small premium each month would allow you to be able to keep up with your mortgage, loan and credit cards, plus everything else you had to payout for. All you would need to do would be to decide how much your outgoings are each month and take unemployment protection with a standalone specialist provider.

If you should find yourself being made redundant then you would be able to start claiming on the policy after a period of waiting. The majority of policies have a waiting period and it can vary some payout after the 30th day of unemployment while with others you might have to wait for 90 days. Some providers would then backdate the cover to the first day of you becoming unemployed. Policies will continue providing you with benefit for a fixed period of time; usually you can take out a policy for 12 months or 24 months depending on what the provider is offering.

If you are worried about how you would continue meeting your mortgage repayments then you could consider taking out mortgage unemployment insurance. This is specifically to guard your mortgage repayments against unemployment. If you have a large loans or borrowings on credit cards that you are repaying each month then take a look at loan payment protection as unemployment protection.

If you would rather cover your income on the whole against becoming unemployed then choosing income protection as redundancy cover might be more suitable. All specialist providers will offer plenty of free information and advice regarding the policy that might be more suitable for your needs. Take your time and read the information that is given as this is the only sure way of gaining the peace of mind and the income needed if you should be unfortunate enough to have to claim against the policy.

All providers offering unemployment cover will allow you to protect up to a certain amount of your income, loan or mortgage each month. The exact terms and conditions of the policy will be found in the exclusions along with any exclusion that are added-in by the provider. There will be at least a few exclusions in all policies but the amount depends on the provider you are taking your protection from.

DWELLING HOUSE INSURANCE INDONESIA

Home Insurance is a packaged policy, meaning it covers damage to your property and things you keep in it, as well as your liability to third party caused by your property damage.

Commonly, home insurance protects you against fire or most disaster, including floods and earthquake, volcanic eruption & tsunami; though there are some exceptions. The standard home insurance policy includes four types of coverage;

1. House Structure
   This part pays you to repair or rebuild your house if it is damaged or destroyed by fire, lightning or other disaster listed in your policy. Damage by earthquake is usually bought separately.
2. Personal Belongings
   Things you keep in it such as furniture, clothes, electronic devices and other personal items are covered if they are stolen or destroyed by fire and other insured disaster. Expensive items such as jewelleries or furs are usually not fully covered.
3. Liability Protection
   This covers you against any bodily injury or property damage that followed by your property damage.
4. Additional Living Expenses
   If there is damage caused by insured disaster, and you need additional costs of living away from your home, your insurance company will pay you.

Before buying a home insurance, it is wise to consider what disaster which may happen (such as tsunami, earthquake) and ask your insurance company if they can cover this. It is also important to buy enough insurance policies – not under-estimation or over-estimation so you can rebuild your house without financial problem. Remember, Insurance Company will not reimburse any over-estimate insurance!

SAMPLE POLICY

HOME PLUS PROTECTION :

1. Fire, Lightning, Explosion, Aircraft Impact & Smoke Damage
2. Riot, Strike, Malicious Damage & Civil Commotion
3. Windstorm, Flood, Tempest & Water Damage
4. Landslide & Subsidence
5. Burglary with forcible entry
6. Earthquake, Volcanic Eruption & Tsunami
7. Third Party Liability Cover up to Max Rp. 250,000,000
8. Personal Liability Cover up to Max Rp. 250,000,000
9. Personal Accident cover up to Max Rp. 100,000,000
10. Domestic Worker Compensation Rp. 5,000,000 in anyone period
11. Temporary removal
12. Others

Deductibles:

• Fire, Lightning, Explosion, Aircraft Impact & Smoke Damage: NIL
• Riot, Strike, Malicious Damage (4.1A): 10% of recoverable claim amount subject to minimum of IDR 10,000,000
• Civil Commotion: 15% of recoverable claim amount subject to minimum of IDR 25,000,000
• Flood, Windstorm, Tempest & Water Damage: 15% of recoverable claim amount subject to minimum of IDR 5,000,000
• Earthquake, Volcanic Eruption, Tsunami : 2.5% of Total sum insured
• Landslide & Subsidence : 10% of recoverable claim amount subject to minimum IDR 25,000,000
• Burglary & Other Losses : IDR 1,000,000

Premium Calculation:
US$200,000 x 0.325% = US$650
Policy Cost & Stamp Duty = US$5
Total: US$655 / annum

PERSONAL AUTO INSURANCE INDONESIA

Auto Insurance provides protection against lost caused by theft, accidents as well as act of God and riot. The premium generally covers;

1. Property Coverage pays lost or damage of your car
2. Liability Coverage pays any legal responsibilities to others for bodily injury as well as property damage in case of collision
3. Medical Coverage pays cost of injury treatment for driver and passengers
4. Personal Accident for driver & passangers only against death & permanent disability

Auto insurance is sold annually at rates varied based on age and condition of your car, your driving record, type of protection you are interested, etc. To get a maximum protection, a car usually should not be older than 5 years old. Insurance company – in some extents – may cover older cars at TLO basis (Total Lost Only), providing the car is still in good shape and good conditions.

SAMPLE POLICY

Policy Value

Category	Sum Insured	Comprehensive		Total Loss Only
		Standard *	Package	Standard *	Package
Passenger Vehicle
1st 2nd	< IDR300,000,000 > IDR300,000,000	3.00% 2.60%	3.25% 3.27%	1.4% 1.2%	2.0% 1.75%
Good Carrying Vehicle
3rd	All sum insured	4.00%	N/A	2.0%	N/A

*) Comprehensive only

Extended Cover Included in Package Program

1. Third Party/ Passenger Legal Liability (Combine single limit) up to IDR 10,000,000 per occurrence
2. Riot, Strike, Civil Commotion (SRCC)
3. Act of God (including but not limited to Flood, Earthquake & Tsunami)
4. Personal Accident for Driver and Passenger with amount of benefit IDR 10,000,000 per person per occurrence
5. Medical Expenses with amount of benefit IDR 1,000,000 per person per occurrence

Other Benefits included in both Comprehensive Standard and Package

1. New for Old Replacement (for brand new vehicle <>
2. Sister Car Clause
3. Average relief Clause (85%)
4. Undeclared Non Standard Accessories (Max IDR 1,000,000)
5. Accommodation fee for accident occurs out of town (Max IDR 1,000,000 any one accident)
6. Personal effects (Excluding money) in the vehicle up to a maximum of IDR 1,000,000 (Forcible Entry)
7. Theft by Own Driver (TOD) - Minimum length of services 12 months)

Self-risk which is not covered:

1. Own Damage: IDR 200,000 any one accident
2. SRCC: 5% of loss, min IDR 500,000
3. AOG: 5% of loss, min IDR 500,001
4. TOD: 10 of loss
5. Theft: 10 of loss (the whole vehicle)
6. (For Sum Insured under IDR 300,000,000 only)

Additional Premium (Optional)

Limit (in Million)	TPL/ PLL *	PAD	PAP	Medex (10% of limit)
Up to 10	100,000	100,000	1,5000	10,000
Up to 25	50,000	150,000	22,500	15,000
Up to 50	100,000	250,000	37,500	25,000

*) Only for passenger vehicle. For good carrying vehicle, loaded by 50%

Required Documents:

1. Driving License or ID Card
2. Car Document (Copy of Yellow Registration - STNK)

GROUP LIFE INSURANCE INDONESIA

Life insurance can be a good financial planning and important tools in some conditions as it may replace income for dependents, pay final expenses, create an inheritance for your heirs, and create a source of savings.

In many cases, life insurance is packed together with other type of insurance.

Basically there are two types of life insurance;

1. term insurance
   This is the simplest form of life insurance. It will pays only if death occurs during the term of the policy and usually does not have any other benefits.
2. Long Life / permanent
   It will pay a death-benefit whenever you die – even if you live to 100years.

Some life insurance might require medical check up before you can buy it.

GROUP RETIREMENT PLANS INDONESIA

A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. Retirement plans may be set up by employers, insurance companies, or the goverment. Retirement plans are more commonly known as pension schemes.

GROUP TRAVEL INSURANCE INDONESIA

A vacation may cost quite a lot that it is important to have the proper insurance protection. There are four major types of travel insurance;

1. Trip cancellation insurance
   This would reimburse your vacation is cancelled because tour operator goes out of business, you get illness or another calamity listed in the policy
2. Baggage Insurance or Personal Effect Coverage
   This would provide coverage if your personal belongings are lost, stolen or damaged during the trip
3. Emergency Medical Assistance
   This provides insurance and medical assistance for travellers.
4. Accidental Death
   This provides a variety of coverage if you or a family member die on the trip

GROUP HEALTH INSURANCE INDONESIA

The rising cost of medical care makes health insurance one of the top priorities that you want to have to cover health expenses at reasonable cost. The health insurance system changes constantly.

Basically, there are two types of health insurance;

1. Preferred Provider Organisations
   Insurance company will choose several preferred provider (doctors, clinics or hospitals) where you can get medical service without being charged in advance. The provider will file all service expenses and claims to the insurance company
2. Point of Service Organization
   You can have medical service in any provider by paying in advance. All expenses are then be filed and claimed to the insurance company for reimbursement.

Although you might have covered by Jamsostek, you still have to consider whether this coverage is enough or not for you and your family. It is also important to understand about health insurance choices before you pick up a policy, as it will make a difference in the rates.

Some of health insurance may require medical check up to find out if there is any chronic health problem you might have.

No Additional Charge/Cost (NAC) or Sign & Fly

NAC is a form of insurance typically purchased by banks or financial institutions to offer Accidental Death & Dismemberment coverage while traveling, at no cost, to its credit or debit cardholders. Coverage is activated when the cardholder charges the full fare for a ticket to their credit or debit card for travel on a common carrier. Typically, coverage applies only while riding as a passenger on a common carrier. The coverage may be expanded to include the duration of the trip.

Core Coverage:

• Accidental Death & Dismemberment (AD&D) - lump sum cash benefit

Optional Coverages:

• Medical Expense Reimbursement (MER) - as a result of the accident
• Trip Interruption
• Repatriation of Remains
• Trip Cancellation
• Lost Baggage
• Travel Assistance Services

Customer Profile:

Banks and financial institutions that issue credit or debit cards.

Distribution:

Group

Individual Personal Accident (IPA) Insurance

Product description

Provides protection to Individuals and Families against Risk of Unforeseen Accident, as well as Health related Insurance Policies. Various pre-packaged products are available to suit anyone’s particular needs.

Examples of Individual Products

• Jasmine Cancer, a comprehensive product which provides full protection against Cancer for Female.
• Critical Illness, protection against 36 critical diseases, such as stroke, cancer etc.
• Hospital Income & Surgical Benefits, a combination between Personal Accident and Hospitalization Scheme.
• Family Care, a complete package for the whole family against the risk of Accidental Death and Disablement, Accident Medical Reimbursement etc.
• Hospital Care, a simple and very much affordable Hospitalization Scheme designed especially to fit the Individual needs.

Customer profile

Individual (and Family) with the range between 1 to 65 years (depend on the Product itself), except for Hospitalization Program where the max age limit is 60 years. We served Clients from various industries.

Value added / AIU advantage

All our Products provide a World Wide Coverage, 24 hours a day, 7 days a week, 365 days a year. A flexible and comprehensive product is offered to Client. Client has the right to choose any Hospital or Medical Center at anywhere in the world. With the concept of Reimbursement, the frustration of barriers is disappeared.

Hospital Cash Insurance

Product Description:

Hospital Cash Insurance pays the insured a specific cash amount for each day he/she is hospitalized. Payments can be used for income replacement, funds to supplement medical expenses or extra cash for any other expenses.

Benefits are usually payable for up to 365 days and may begin after a waiting period. Hospital Cash may be purchased independently or as part of a more extensive benefits package. Coverage may be available on an Accident only or Accident & Sickness basis.

Core Coverage:

Daily indemnity for hospitalization.

Optional Benefits:

• Additional surgical and cash benefits may be available if the insured is hospitalized outside his/her country of residence;
• if both spouses are hospitalized during the same time period;
• or for hospitalization due to a heart attack, stroke or cancer.

Customer Profile:

This product is mainly purchased by individuals between the ages of 18 and 65. It may include coverage for dependents. Hospital Cash may be offered to employees, members of affinity groups or via individual sales.

Distribution:

In many of our markets around the world, we may utilize a variety of distribution channels including brokers, travel agencies, agents, worksite marketing, consultants, and bancassurance.

For method of distribution, this product falls under the following categories:

• Group - Employee/Employer and Associations
• Direct Marketing
• Individual / Other

Holiday/Leisure Travel Insurance

Product description

Holiday/Leisure Travel Insurance is geared for international travelers traveling for pleasure or business outside their country of residence.

Coverage available to the traveler taking a short-term trip may include Accident & Sickness Medical, Emergency Medical Evacuation, various inconvenience covers and the accidental death or dismemberment of the traveler.

Core coverage:

• Accidental death & dismemberment - lump sum cash payment
• Medical expenses reimbursement - as a result of an accident or sickness.
• Emergency medical evacuation
• Overseas hospital confinement
• Assistance services

Customer profile

International travelers traveling for pleasure outside their country of residence. Ideal for people who want protection for a specific length of time while away on a trip.

Distribution:

In many of our markets around the world, we may utilize a variety of distribution channels including brokers, travel agencies, agents, worksite marketing, consultants, and bancassurance.

For method of distribution, this product falls under the following categories:

• Direct Marketing
• Travel Agents
• Individual / Other

Group Personal Accident (GPA) Insurance

Product description

We provide Standard PA Coverage, up to a Comprehensive Protection Tailored to suit our Clients’ particular needs and requests.

Comprehensive 24-hour annual cover with benefits available for:

• Accidental Death & Disablement (AD&D) - lump sum cash benefit
• Permanent Partial Disability (PPD)
• Permanent Total Disability (PTD)
• Accident Medical Reimbursement (AMR)
• Temporary Total Disablement (TTD).
• Temporary Partial Disablement (TPD) etc.

Coverage can be provided for specific short periods of time, during the participation in specific activities or on all year round basis.

Customer profile

The employees, members and participants of all types of organizations such as businesses, associations, and special interest groups. Group Personal Accident coverage is an essential component of an employee benefits package purchased by an employer for his employees.

Value added / AIU advantage

A flexible and comprehensive product is offered to all employees or group members. The policy term may be tailored to fit the needs of the group. Benefits may be structured as a stated amount for all members or as a multiple of salary. Eligibility may be open to all or based on occupation, condition of employment, or membership.

Female Cancer Insurance

Product description

Female Cancer Insurance provides special protection against cancers that are unique to women. Types of cancer covered under this policy include breast cancer, cervical cancer, and ovarian cancer. Female Cancer Insurance provides a lump sum cash benefit upon the first diagnosis of a female related cancer.

Core Coverage:

• Hospital cash payment.
• Surgical expenses reimbursement with an allowance for breast removal.
• Additional expense reimbursement to pay for cosmetic reconstruction in the event that a woman must have surgery.

Customer profile

Women age 18 through 60. The product may be purchased independently by individuals or made available to employees through voluntary enrollment with payroll deduction. It may be offered alone or as part of a more extensive benefits package, with a flexible premium scale.

Distribution:

In many of our markets around the world, we may utilize a variety of distribution channels including brokers, travel agencies, agents, worksite marketing, consultants, and bancassurance.

For method of distribution, this product falls under the following categories:

• Group - Employee/Employer and Associations
• Direct Marketing

Critical Illness or Crisis Personal Accident (Crisis PA) Insurance

Critical Illness Insurance pays a lump sum benefit to the Insured if a serious injury or illness occurs while the policy is in effect. The benefit is paid to the Insured when the serious medical condition occurs and may be used as he or she wishes, providing cash for the extra expenses that develop.

This coverage supplements other insurance and is in addition to other reimbursement expense policies. The product is flexible and may be purchased independently or as part of a more extensive package of insurance benefits. Critical Illness Insurance provides benefits for survivors and their families, as opposed to typical life plans that pay benefits at death.

Core Coverage:
Serious medical conditions covered by the policy may include:

• Heart Attack
• Heart Diseases - coronary artery disease requiring surgery
• Stroke
• Cancer - lump sum payable upon first diagnosis
• Major organ transplant
• Kidney failure - requiring dialysis
• Muscular Dystrophy
• Multiple Sclerosis
• Paralysis

Customer Profile:
Anyone between the age of 18 and 60. Also, businesses, large and small, may provide this coverage to staff or key staff members. Critical Illness Insurance may enhance coverage they have already purchased through a medical health fund.

Distribution:
In many of our markets around the world, we may utilize a variety of distribution channels including brokers, travel agencies, agents, worksite marketing, consultants, and bancassurance.

For method of distribution, this product falls under the following categories:

• Group - Employee/Employer and Associations
• Direct Marketing
• Individual/Other