Best Life Insurance 2021

Before we explore further, we at least know what Health Insurance is.? By definition, citing Investopedia (2019), health insurance is a type of insurance coverage that pays for medical, surgical, or related health care costs as stated in the insurance policy. Insurance companies that issue health insurance policies can reimburse the insured for expenses incurred due to illness or injury, or pay medical expenses directly.

To get Health Insurance protection or benefits, every customer or Health Insurance policy holder is required to pay health insurance premiums regularly. Usually insurance companies provide insurance packages for their employees as a form of protection guarantee. Premium payments vary, some are paid by the company, some are deducted from the employer but are often also deducted from the employee's salary. The cost of health insurance premiums is deductible to the payer, and the benefits received are tax exempt.

 

The amount of the Health Insurance premium varies, the value is adjusted to the insured's health condition, the level of risk, benefits and other provisions of the insurance company concerned.

 

Unlike BPJS Kesehatan, private insurance has several advantages that BPJS Kesehatan does not have, such as being superior in terms of speed, convenience and flexibility in choosing a hospital. Treatment in all hospitals is basically accepted by insurance, both cashless and non-cooperative (reimbursement).

 

Before choosing an insurance company, you should understand all the systems or rules made by the insurance company. Here I present a little information about some of the best life insurance companies today. As a consideration before choosing to use a life insurance company

 

1. AIA

One of the best AIA pure life insurance policies that can be considered is AIA Critical Protection. Because it not only provides death benefits, but also covers the cost of treatment for the risk of critical illness up to the age of 99 years. Customers are also free to choose the premium payment period, between 10-20 years with the benefit of a loyalty bonus at the end of the insurance period, meaning that a fraction of the premium will be returned at the end of the insurance period.

 

2. Prudential

One of Prudential's best life insurance policy choices is the New Generation PRULink, which is available in conventional and sharia forms. Prudential's life insurance policy is classified as unit-linked insurance. This means that customers can get the benefit of the death coverage and the cash value of the investment at once. If unit-linked insurance premiums are generally expensive, it is different from the New Generation PRULink which can be obtained with premiums ranging from IDR 400 thousand per month.

 

The advantages of this insurance are that there are conventional and sharia policy options, the premium is fully paid for insurance benefits, so it is not divided by investment, as well as an additional 5% investment allocation after the first 10 years, but the drawback is that the minimum sum insured is not too large, starting at IDR 200 million.

 

3. Sequis Life

Those looking for micro life insurance can consider the Sequis Sejahtera Micro Insurance policy. This type of micro insurance from Sequis Life offers death coverage + surgical coverage at the same time. The advantages of micro insurance are in its friendly premiums. Therefore, this type of insurance is perfect for prospective customers who have a limited budget.

 

The premium is cheap and provides surgery benefits as well as its advantages, however, the disadvantage is that the sum insured is not high or proportional to the premium paid.

 

4. Menulife

One of the best products from Manulife is Santunan Jiwa Protection, which is insurance that provides death coverage up to Rp. 300 million. Customers will also get a 100 percent premium refund at the end of the policy. However, this insurance company only covers the customer's age up to 65 years.

 

5. Allianz

Another policy that can be considered is from Allianz, namely SmartLink NewFlexi Account. This policy provides protection up to 100 years of age and benefits from the cash value of investing at once. In addition, customers can also add various riders or additional benefits ranging from critical illness coverage to premium exemption. However, by adding a Rider, the customer will be charged an additional premium.

 

6. AXA Mandiri

AXA Mandiri Secure Plan is one of the best pure life insurance policies from AXA Mandiri. The reason is that this policy offers protection for 10 years and provides a return benefit of 110 percent premiums if there are no claims. In addition, customers only need to pay premiums for the first 5 years for the 10-year protection benefit.

 

7. Cigna

Cigna Family Eazilife is one of Cigna's flagship products because it can cover seven family members in one policy with a refund of premiums at the end of the insurance period. In addition, customers can also get a sum insured of up to IDR 500 million with a protection period of 10 years. In addition to providing death benefits, this policy from Cigna also covers the risk of critical illness. However, the sum insured is still less competitive or not too large

 

8. Sunlife

One of the attractive policies from Sun Life is the Sun Safety Like Insurance because apart from providing life protection, this product also carries the risk of critical illness with a premium return of up to 50 percent. These benefits can be obtained only by setting aside premiums starting from IDR 248 thousand per month. The range of coverage given is also quite large, starting from IDR 200 million to IDR IDR 1 billion, however, the policy can only be extended until the customer is 75 years old.

 

9. Simas Soul

Simas Jiwa Insurance also comes with its flagship policy, namely Siji Guard. This policy covers the customer up to 69 years of age. The sum insured will be given if the customer dies due to illness or accident. The policy also covers the cost of hospital treatment due to accidents. However, the Policy can only be extended until the customer is 69 years old.

 

10. BCA Life

The next best life insurance recommendation in Indonesia is from BCA Life. Through the BCA Life Protection Guard policy, which provides a sum insured of up to Rp1 billion and a 50 percent premium return benefit at the end of the policy period. The sum insured is given if the customer is at risk of death either due to illness or accident. However, the Policy can only be extended until the customer is 59 years old.