INSURANCE: Planning an Insurance Program

 

To follow an insurance program you should plan to get maximum results.

Among other things we need:

Setting Insurance Objectives.

In managing risk, there are things that are underlying, such as the possibility of damage or loss of property you have. Your decision to buy a new car should be balanced by protecting against possible loss and possible damage to the vehicle’s physical damage.




Gather information about the Insurance You Want to Follow

To be able to understand this, you should try to gather as much information as possible about everything about the insurance program, such as what or who should be insured, the types of insurance that are needed, the level of premiums, and the credibility of the insurance company.

Choose the type of insurance

Choose insurance that is in accordance with the budget planning that you have made, recalculate your insurance needs starting from the need to buy life insurance, health, then insurance that protects all your property or assets. Do it one by one and try to stay realistic with income and budget.




Evaluate the Selected Program

Think about the next two or three years or when there are changes in your life phase, such as getting married, having children, and owning your own home. The need for the sum insured in insurance will increase along with the increase in the number of people who become objects of dependence in the family or bear the life needs of your parents.