Difference of insurance, savings, investment
What is the difference between insurance, savings and investment? Before we know the difference, it is better if we know the meaning first.
- According to the Big Indonesian Dictionary (KBBI), insurance is coverage, an agreement between two parties. Meanwhile, the definition of insurance is quoted from the Financial Services Authority (OJK), which is an agreement between an insurance company and a policy holder which is the basis for receiving premiums by insurance companies as compensation in the form of replacing or reducing losses.
- Meanwhile, the definition of savings as reported by the Financial Services Authority (OJK) is money deposits in banks whose withdrawals can only be made according to certain conditions. Generally, banks will provide a passbook that contains information on all the transactions you have made and an ATM card complete with a personal number (PIN). In its current development, there are several types of savings that no longer use passbooks but internet/mobile banking.
- Investment is investment, usually in the long term for the procurement of complete assets or the purchase of shares and other securities for profit.
Now, after knowing the meaning, let's see what the difference is:
1. Insurance is to provide protection against risks that may occur to your assets in the future, savings are a means to save wealth from unused income while investment is an investment of funds in the long term to earn profits.
2. Insurance has an element of necessity because it is bound by a contract in the policy, savings and investment are more flexible and according to the ability of each individual.
3. While the risks that may occur will be protected in insurance according to the terms and conditions in the policy, while the investment risk depends on market conditions.
Well, hopefully this article provides information about insurance, savings and investment. For further inquiries regarding insurance and how to claim, you can contact us at 021-50508080
These are the fines and dangers of taking shelter under a JPO or Flyover
During the rainy season, motorcyclists usually take advantage of the JPO (Jembatan Penyeberangan Orang), underpasses, or flyovers for shelter. Unfortunately, this turned out to be a violation of traffic laws and regulations.Stopping on the shoulder of the road like that is not only a danger to yourself but also other motorists. The movement and speed of the vehicle will also be hampered.The prohibition on stopping carelessly is stated in Law No. 22 of 2009 concerning Road Traffic and Transportation (LLAJ). Precisely in article 106 paragraph 4 which reads that everyone who drives a motorized vehicle on the road must comply with the following provisions:
Command Signs or Prohibition Signs
Traffic Signaling Tool
Stop and Park
As for the criminal provisions related to road marking violations, it is stated in Article 287 paragraph 3. It reads, every person who drives a motorized vehicle on a road that violates the rules of traffic movement, shall be punished with imprisonment for a maximum of 1 (one) month or a fine of a maximum of Rp. 250,000.
Lost Your Luggage? Here's What To Do Now
One of the problems that may occur while on vacation is losing valuables or luggage on the way.
1. Don't panic, immediately contact the place where the bag/valuable item is lost, for example a hotel, airline or airport.
2. Make a loss report to the police as one of the conditions for an insurance claim.
3. If your passport is lost, immediately contact the embassy to get a replacement passport. If you lose your wallet and credit card, block the card immediately by contacting your bank.
4. Make sure you save all important data in the email, so you have a back up of data in case of loss.
5. Use travel insurance to cover the trip from unexpected risks that may occur.
Insurance Policy and Stamp Duty
Insurance is an agreement between two parties, namely the insurance company and the policyholder (UU 40/2014). Referring to the above, an insurance policy is an agreement document between the insurer and the insured, so that the insurance policy is subject to a stamp duty (Rp 10.000). Stamp duty is charged on the amount of the premium paid in relation to a policy of general insurance.