The role of insurance for the daily life of individuals and the country's economy can be seen in various sectors of life. Because insurance has an important role, and can contribute to the country's economy.
The contribution is obtained through the payment of claims and investments. So not only does it play an important role for individuals, insurance also has an important role in the state sector.
The following is the role of insurance obtained or felt by the community to the state.
The Role of Insurance for Society and the State
- Can Protect the Community from Various Aspects
Insurance has various types of products that can be used by various groups of people. So that insurance companies can protect wealth and provide protection for the community.
Examples include general liability insurance, which can offer protection against loss of community wealth.
The existence of a loss insurance policy can protect property from losses due to fire, accidents, theft, natural disasters, and so on.
Then life insurance can protect society by providing financial security in the future, if the insured dies.
Life insurance policies can be useful for helping with funeral or cremation costs, medical bills that are not covered by health insurance, and other unpaid obligations.
Furthermore, health insurance provides health insurance for the community such as hospitalization, outpatient care, dental care, and even childbirth. Using health insurance can make it easier to pay for treatment or medicines if something happens in the future.
So you don't need to worry especially about costs. Because with an insurance policy, you will be helped.
- Gives Peace To The Mind
Through the use of insurance, you can feel calm both in your heart and mind, because you don't have to bother other people. Like using life insurance, you can rest assured that your debts will be taken care of financially when you die.
Another example is if you use vehicle insurance, such as car insurance. When something unwanted happens, such as loss, damage, or even a car accident, the insurance company will guarantee the loss.
So that you will feel much calmer to face the future, because by using insurance you have anticipated everything that will happen in the future.
- Can Help the State in terms of the Economy
This is not immediately felt, but if active and routine insurance can make the country's order better. For example, insurance can be a source of capital for development.
The role of insurance which can be a source of capital is due to the fact that funds deposited with insurance companies or the government are managed in certain instruments. So that one of the benefits obtained is that it can be a source of capital for the country's development.
In addition to a source of capital, insurance can also be a source of income and state taxes. Therefore, these funds can be used for various needs of the country.
Because one of the benefits of having insurance is to avoid certain financial risks, insurance can reduce the number of unemployed, and can help the country to avoid underdevelopment.
Insurance also has a role to turn capital accumulation into productive investment. So that insurance can reduce losses, create financial stability for the community and the state.
There are still so many insurance roles that can be felt by individuals and countries, so now there are more and more insurance provider services that you can choose from.
