Fundamentals of Insurance and Insurance Contributions
Modern life is full of dangers: illnesses, accidents, loss of work, cataclysms and much more. Nobody is protected, and when serious problems arise, not everyone can help, so it's better to insure yourself. A huge number of companies work in the insurance services market, they all offer a wide range of services, various insurance premiums and conditions - it is sometimes difficult to decide. Before choosing an insurance company, you need to understand what this process is all about. If you do not know, we will help you.
Insurance originated long ago and at the initial stageinsurance premiums were of a commodity, not a monetary nature. People have always understood that it's easy to lose money, and it's better to pay than to stay with nothing. In our time, insurance has become an independent economic institution, where companies themselves determine the amount of insurance premiums, types of insurance and contract terms. If to say in simple and understandable language, insurance compensates for losses incurred by the client, based on the type of contract and the amount on it.
Insurance premiums are payments paidaccording to the insurance contract of the insured. Subsequently, from these amounts, the client's insurance fund is formed. Each insurance company establishes its insurance premiums, the rates of which are calculated through analysis. This takes into account: the possibility of the occurrence of the insured event, the term of insurance, the total amount of insurance, the age and position of the client. All this is a very complicated process, therefore every insurance company tries to make the conditions most favorable for itself.
Insurance fulfills key functions inmodern economy. Savings function, like bank deposits, contributes to the accumulation of funds to customers. This means that at the expiration of the insurance contract, all accrued insurance premiums can be returned to the owner if the insured event has not occurred. The preventive function helps to prevent insurance cases, for example, companies can conduct medical examinations among their clients to prevent serious illnesses. The control function guarantees the safety of the funds that make up insurance premiums and their use only in the event of an insured event prescribed in the contract.
The main types of insurance: property insurance (home, apartment, cargo, business), personal insurance (from illnesses, pension, life insurance, persons traveling abroad), liability insurance and insurance of specific risks.
Consider the persons involved in the insurance process:
- Insurers. These are companies and organizations licensed to carry out insurance activities and working with clients on a commercial basis.
- The insured. This is, first of all, we, the clients of insurance companies. The insurers conclude an agreement with the insurers, pay the agreed insurance premiums and receive compensation in the event of an insured event.
As customers - payers of insurancecontributions - the following persons can act: organizations and enterprises, individual entrepreneurs, individuals. If one person acts as a payer from several categories, the payment is made separately. The amount of insurance premiums is regulated by the state and can vary throughout the year.
Insurance is the key to a successful future foreach person. By insuring your home, car, health or something else, a person can be sure - if there are problems, he will have someone to turn to. The entire civilized world pay insurance premiums, insures its real estate and other road stuff, to always have confidence in the future. Everyone can determine the conditions convenient for him, the type of insurance and the amount. The variety of companies and firms gives the opportunity to choose. Do not rush, it is better to think and count several times, and only after that conclude a contract. Give yourself peace of mind and enjoy life, rest assured that you can always return your loss.