Is Pension Insurance Necessary?

Is Pension Insurance Necessary?

Retirement is a familiar word heard by us. Retirement is a situation where someone is no longer productive or arguably can not work and earn an income. The age of people who retire usually ranges from 60 to 70 years. Everyone will surely experience old age and retire so that not a few of us are afraid and worried because we will no longer be able to earn income for children and grandchildren. To answer this anxiety, pension insurance services are the answer.

Living retirement with a happy life is everyone's hope. With insurance, everything will be resolved.

Development of Pension Insurance

Insurance is initially made for protection to protect the financial consequences that will arise if the insured person dies. For example, if an employee dies, the insurance company will provide protection in the form of compensation that is usually called the sum insured or UP given to the family left behind.

In its development, insurance is now not only selling products with protective properties, but now it has been coupled with investment products. Right now the most popular in Indonesian society is the unit link where in addition to his protection he can also invest at the same time. For example if you take out a policy but then within 10 years you die, the heirs or family you leave behind will get a sum of 100 million. Now this is what is called protection. But if within 10 years you are still given health then you will still get 100 million in the money after 10 years since you took the policy. Now that's what is called the investment element.

Benefits and Illustrative Examples of Pension Insurance Funds

For more details about pension insurance funds then here will be given an illustration when you already have pension insurance and your retirement has arrived.

For example, you are now 30 years old and do not have the habit of smoking and working in an office. You took the initiative to participate in pension insurance by cutting his monthly salary of 1 million / month for a period of 10 years. Then the amount saved over the 10 year period is 120,000,000. calculated by way of 1 million x 12 months x 10 years and the result is 120,000,000. with insurance you will get a big profit.

The first advantage is that the funds you invest have the opportunity to grow to 158,900,000 within 10 years. But if you don't take it, that number can grow to 856 million when you are 55 years old (25 years) and it can also be 3 billion when you are 65 years old. The second benefit is health protection, if you are treated in the hospital for more than 2 days a maximum of 1 million per day or 150.5 million per year. The third advantage is the protection of permanent disabilities totaling 260 million and protection against 33 kinds of critical illnesses totaling 100 million. The fourth advantage is inheritance for a family of 250 million or 500 million if you die in an accident before you turn 60.

Decide immediately for your bright old age by joining a pension insurance program with various guarantees and benefits that will also be useful for you and your beloved family.