UGM Faculty of Law in cooperation with the Indonesian Insurance Council held the public lecture United Linked Insurance: Benefits and Risks. The activity was held on Friday (20/5) in the UGM Faculty of Law. In the event, two resource persons on insurance are presented: Vice President of Great Eastern Life Indonesia, Ir. Sukmawati Lubis, M.B.A, AAAIJ, AIIS, QIP, and Director Cum Appointed Actuary Great Eastern Life Indonesia, Windawati Tjahjadi, FSAI, FLMI.
Sukmawati Lubis on that occasion presented knowledge on insurance. She said insurance is one service that can reduce the risk caused by uncertainty of an event. Although insurance is helpful, the service is still considered as a scourge on society. "Insurance is still regarded as a scourge, whereas in fact insurance is beneficial to reduce the risk," she explained.
Aside from being able to reduce the risk, Sukmawati said that insurance also serves to transfer the risk and raise the fund. Insurance in the secondary phase is also useful to stimulate business growth, security, investment, prevention, and minimize losses from the uncertainty that afflicts personal assets.
On the occasion, Sukmawati offers tips to prospective customers who wish to choose insurance. Some tips are to choose a company that has a good reputation and credibility, a company which has operated for a long time, and they should avoid companies that only offer low premiums without the support facilities and benefits that provide protection for customers. "Also, choose a financially healthy company with risk capital base of at least 120%," she added.
Meanwhile, Windawati Tjahjadi in the event conveyed one of the life insurance products: the unit link. This insurance is a life insurance that provides benefits of protection against the risks and flexibility of investment. In unit link insurance, the value invested after all expenses and paid premiums are deducted will be collected to form a unit link fund.
Furthermore, Windawati delivered that unit-link insurance is more flexible than traditional insurance. This flexibility can be seen with the flexibility to change asset allocation with features such as easy funds switching, premium break facility, and the insured sum and premium amount that can be adjusted according to the need. "This type of insurance is more transparent and the cash value is generally higher than in traditional insurance policies," she explained.