Understanding, Benefits, and Types of Health Insurance


Definition of Health Insurance. In the modern era, everything is now very expensive, and one of them is the high cost of treatment. But behind this modernization, even though it is expensive, everything becomes so easy and practical. In the world of health itself, there is no need to deny that everything is also increasingly expensive, the costs of medicine, care, and others are all increasingly expensive.

Health Insurance Benefits
health insurance benefit plan

On the other hand, we as humans are very susceptible to disease, many things can affect and worsen our health, starting from our living environment, the food and drinks we consume, all carry risks to our health, it's no wonder that humans are easier now exposed to disease.

The easier the human is to fall ill, the high cost of treatment, and the large burden of health risks that we feel, these are the reasons that trigger the current health insurance. Health insurance has now become one of the most favorite insurance in the world, this is not surprising because it is caused by the reasons mentioned above, and also this health insurance can also make someone calm and not have to worry anymore with the high cost of treatment, because if you get sick at any time, the insurance company will cover all medical expenses.

If you are a person who is so concerned about health, and not sure about your financial ability to finance all medical expenses, maybe health insurance is the right solution for you. But it should be noted, before you decide to use health insurance, you should know in advance what is meant by health insurance? What are the benefits? And what are the types? This is important for you to do so that you are not wrong in taking out insurance. Well, to learn about health insurance, you can listen to reviews about the understanding, benefits, and types of health insurance that I provide below.

Definition of Health Insurance

Basically what is meant by health insurance is insurance that specifically addresses the risk of health, health insurance will cover all costs required if you fall ill, including if you are sick due to an accident.

But of course the benefits you get from health insurance are not free, if there is no assistance from the government or from where you work then you are required to pay a premium. The amount of this premium can vary depending on many things such as the level of risk borne and administrative, and of course how much premium you have to pay will also be determined by the insurance company.

You can get this health insurance in various types of insurance companies, precisely in social insurance companies, life insurance companies, or you can also get in general insurance companies.

If you have trouble getting insurance, the central government and also some local governments also provide assistance, health insurance assistance from the government or often called Jamkesmas (public health insurance), and also health insurance and health insurance for health insurance assistance at the provincial and district level / city, but this assistance is only given to those with low income.

Types of Insurance

Health insurance can be divided into various types, meaning there are several things that you can choose. Among them are based on the type of care, fund manager, membership participation, the amount of funds borne, the insured party, and how to replace it.

Based on the type of treatment, health insurance can be divided into two, namely inpatient (in-patient treatment) and outpatient (out-patient treatment). While based on fund managers, in health insurance there are two parties, namely the government and the private sector. 

You also need to know, there is an issue that government-managed services are not as good as those managed by the private sector, so that not a few customers feel disappointed over the services the government provides, this might be considered if you are going to take health insurance.

Based on membership participation, health insurance can be carried out on an obligation or voluntary basis. In large companies sometimes require employees to take part in health insurance programs where premium payments are made by deducting salary, so that inevitably employees must follow company rules, this is certainly different from people who are free to buy or not health insurance according to their own wishes. 

Whereas if viewed based on the amount of funds covered, it can be divided into two, namely the first all costs borne by the insurance company and the second insurance company only bear high costs only, so that the low costs incurred are not borne.

In health insurance, the party covered can also be divided into two types, namely individuals and groups. Insurance companies can provide health protection to individuals as long as they are Indonesian citizens. In addition, it can also be given in groups, for example given to an organization, company, or can also be given to a family, with the general conditions in the group must be at least 5 people. 

Meanwhile, if viewed based on the method of replacement, health insurance can be done in two ways, namely filing compensation using a member card and also filing compensation by the way the customer pays the entire treatment first, then it will be replaced by the insurance company.


Health Insurance Benefits

Health savings, health insurance can be your health savings, through premium payments that you make in a period will be very useful for you later when things that are not desirable happen. Not everyone can save, most savings will run out for non-essential purposes, as a result basic needs such as health are forgotten. But by paying health insurance premiums, you are like being forced to save regularly and discipline because you are required to pay the premium.

Relieve the burden, basic human needs are not just health, there are still many other basic needs, it's good if we gradually reduce the burden of life, and one way is to take part in a health insurance program. If in the future you experience disaster, then you do not need to worry about the costs needed, so you can use the funds you have for other needs that are no less important.

A comfortable and peaceful life, I'm sure you love yourself, with your wife / husband, with the children and family you have, as much as we can to protect those we love, especially this life feels full of threats that make we always worry. However, fortunately there is health insurance, with health insurance we can at least guarantee that maximum care and treatment can be given by the people we care about, so that worry can be reduced, life feels more comfortable and peaceful.

Okay, maybe that's just a review of the understanding, benefits, and types of health insurance that I can give you. Hopefully the reviews about the understanding, benefits, and types of health insurance above can add insight and knowledge of you all.

Here's the World's Largest Insurance Company, Who Are They?


Insurance is one of the financial products that provide protection against risks that can occur at any time. Now many companies offer insurance in Indonesia, both from within and outside the country.

Of the largest insurance companies in the world, it turns out that almost all of them have representatives in Indonesia. Because the insurance program is a long-term financial goal, it would be better to choose insurance services from insurance companies that are clearly of quality and quality and meet the required criteria.

To make it easier for you to choose the right insurance company, here is information about the 10 largest insurance companies in the world that help in choosing the appropriate insurance.

1. AXA

  • Country of Origin: France
  • Founding Year: 1817
  • Headquarters: Paris
  • Key Figure: Thomas Buberl
  • Revenue: €98.53 billion (2015)
  • Total Assets: €887.07 billion (2015)

Currently AXA has more than 102 million customers spread across 56 countries and is included in the list of the largest insurance companies in the world. Its main businesses revolve around property, life insurance, accident insurance, storage, and asset management. In 2013, AXA acquired 51% of insurer Seguros Colpatria in Colombia. Still in the same year, AXA again managed to acquire 50% of the assets of a Chinese insurance company, Tian Ping.

2. Zurich Insurance Group

  • Country of Origin: Switzerland
  • Founding Year: 1872
  • Headquarters: Zurich
  • Key Figures: Tom de Swaan, Mario Greco
  • Revenue: US$67.245 billion
  • Total Assets: US$382.679 billion 

Zurich Insurance Group currently operates in 107 countries with a primary focus on services and insurance. Zurich Insurance Group's business focuses on general insurance and insurance for farmers. Currently the insurance company has more than 55,000 workers who are ready to serve its customers. From individuals to small and large businesses, even multinationals.

3. China Life Insurance

  • Country of Origin: China
  • Founding Year: 1949
  • Headquarters: Beijing
  • Key Figures: Dairen Lin, Yang Minsheng
  • Revenue: -
  • Total Assets: US$362.1 billion (2015)

The insurer underwent a restructuring in 2003 and currently has seven subsidiaries. Its main businesses are life insurance, asset management, property, and investment. Currently China Life Insurance has been listed on the New York, Hong Kong, and Shanghai stock exchanges making it the largest insurance company in the world by market.

4. Berkshire Hathaway

  • Country of Origin: United States
  • Year Established: 1839
  • Headquarters: Omaha, Nebraska, United States
  • Key Figures: Warren Buffet, Charlie Munger
  • Revenue: US$223.60 billion (2016)
  • Total Assets: US$620.85 billion (2016)

Initially, Berkshire Hathaway wasn't as big as it is today. However, thanks to Warren Buffet, the company can turn out to be as highly advanced as it is today. The insurance company is at the forefront of handling the investments of conglomerates as well as sectors, such as transportation, energy, and services.





5. Prudential

  • Country of Origin: United Kingdom
  • Founding Year: 1848
  • Headquarters: London
  • Key Figure: Paul Manduca
  • Revenue: £71.842bn (2016)
  • Number of Assets: -

Prudential currently has large markets in Asian countries, the UK, and African countries. Prudential plc is already listed on the London, Hong Kong, Singapore and New York stock exchanges and has about 24 million customers.

6. UnitedHealth Group

  • Country of Origin: United States
  • Year established: 1977
  • JTRUST Home Certificate
  • Headquarters: Minnetonka, Minnesota
  • Key Figures: Richard T. Burke, Stephen J. Hemsley
  • Revenue: US$184.8 billion (2016)
  • Total Assets: US$122.8 billion (2016)

UnitedHealth Group is currently divided into two business platforms, Namely UnitedHealthCare and Optum. In 2011, the company was awarded as the best company in the field of health insurance for workers even though in the previous year the company was not on the list of health insurance companies.

Continuing its success in 2012, the company successfully acquired all assets from XLHealth which has special insurance specifications for customers with serious illnesses.

7. Munich re Group

  • Country of Origin: Germany
  • Year established: 1880
  • Headquarters: Munich
  • Key Figures: Joachim Wenning, Bernd Pischetsrieder
  • Revenue: €48.9 billion (2016)
  • Number of Assets: -

Munich Regroup is also one of the largest insurance companies in the world with a total of 43,428 workers. Most of the insurance company's activities are run by a subsidiary of ERGO Insurance Group. This insurance company can serve insurance ranging from things such as ships, motorcycles, to health.

8. Assicurazioni Generali

  • Country of Origin: Italy
  • Year Established: 1831
  • Headquarters: Trieste
  • Key Figures: Gabriele Galateri in Genola, Philippe Donnet, Luigi Lubelli, Sandro Panizza, Timothy Ryan
  • Revenue: €66 billion (2013)
  • Total Assets: €508 billion (2013)

Assicurazioni Generali is an insurance company that has a market segment in Europe, especially in Italy. This company not only serves health insurance, but also other types of insurance, such as houses, cars, and work accidents. The number of its workers worldwide reaches 77,000 and has more than 65 million customers in various parts of the world.

9. Japan Post Holdings

  • Country of Origin: Japan
  • Year Established: 2006
  • Headquarters: Tokyo
  • Key Figure: Masatsugu Nagato
  • Revenue: US$129.686 billion (2014)
  • Total Assets: US$2.467 trillion (2014)

The insurance company has assets of approximately 80.49% managed by the Government of Japan. The main focus is not only in health insurance, but also in servicing deposits, borrowing, and securities. The number of workers owned by Japan Post Holdings when compared to other insurance companies is arguably the largest because the number of workers reaches 229,421 people.

10. Allianz

  • Country of Origin: Germany
  • Founding Year: 1890
  • Headquarters: Munich
  • Key Figures: Oliver Bate, Helmut Perlet, Maximilian Zimmerer
  • Revenue: €95.76 billion
  • Total Assets: €848.9 billion

In addition to serving health insurance, Allianz also has services in the field of asset management. Allianz currently has customers in more than 70 countries around the world. Allianz's insurance products are very diverse, both for individuals and directly companies.

Consider First Before Choosing

From the insurance companies described above, perhaps there are already some companies that are familiar to you. Hopefully by knowing the basic information about insurance companies above, you have consideration to choose the insurance that suits you.

Other Insurance Articles :

  1. What is insurance? this is the understanding and kinds of insurance products
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