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If you take out, you have to pay insurance premiums every month. This looks like the money disappeared. But if one day something happens to your health, your medical expenses will be covered. If you do not take insurance, means you spend less each month. If you hit a time of serious illness (which cost tens and even hundreds of millions of rupiah), the cost of your own medicine. Well, why should you take insurance? Because the premiums you pay each month is not actually lost money. Rather, these premiums are an expense that must be paid every month. This concept is very common in foreign countries like the U.S. and developed countries in Europe. That’s why the population’s health is guaranteed. While we in Indonesia? The majority of people still think of insurance as being “not necessary”. As a result, so there is a disaster, the family will be desperate for funds. Debt here and there, selling this and that. Things like this will not happen if the following insurance, because insurance companies will pay, not you. Peace of mind, health guaranteed, happier lives.

A good insurance company can bring huge difference between productive and unproductive visitors insurance plans. So, what are the factors that can help one decide the goodness of an insurance provider? There are many and you can learn them to make it a hassle free visit to the foreign.

Reputation and Fair Dealing

An insurance company, dealing unfairly with its customers, can’t expect to have a good reputation in the market. Going through the customer reviews and conversing with experienced insurance buyers can help you know the company from a close. It is important to take into account the satisfaction of past customers of an insurance company to take the final decision. Read more…

Different insurance companies offer different types of visitor insurance policies. While making the final choice, one must evaluate a number of factors associated with these policies and cover provided by them. If you are opting for this insurance for the first time, the following tips will help you to find the best in insurance deals for visitors to foreign countries.

Consider the Co-payment

Co-payment or co-insurance is the amount contributed by the policy purchaser, after gaining maximum cover from the insurance company. For instance, if the insurance company pays 80% of the total medical expenses, you will be required to contribute remaining 20% from your side. Thus, it is a good idea to find the insurance cover offering maximum advantage in reducing the co-payment. Read more…

With the near collapse of AIG, the world’s largest insurance company many people are asking questions about the financial soundness of a variety of insurance companies. Here is a potential backstop based on the Guarantee funds that operate in each state in the US.

What To Look For

All insurance companies’ public comments indicate they are well capitalized and have plenty of funds in reserve. Such statements, as we have seen, can be self-serving if not downright false.

The purpose of this article is to clarify an important fact for insurance policyholders. It is the exposure presented by the use of Non-Admitted (also know as unauthorized insurers) insurance versus Admitted carriers for your insurance company. Read more…