Annuity Indonesia and Islamic Banking System

<p><div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">As is known, <span class="Apple-style-span" style="color: blue;"><span class="Apple-style-span" style="font-weight: bold;">Indonesia</span><span class="Apple-style-span" style="font-weight: bold;"> </span></span>is one of the largest Muslim country in the world. Of course this is very influential on the development annuity Indonesia. It often happens pros and cons in terms of application of the annuity system of Indonesia</span><b> </b>due to differences in perception among users of annuities in Indonesia.</div> </div> <br /> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">One effort to overcome this, the Government Republic of Indonesia issued Law No. 10 of 1998 which is an amendment above Act No.7 of 1992, then in Indonesia are two of the banking system (Dual banking system) is a system of conventional banking and Islamic banking system. System Islamic Banking operations are different from other commercial banks (conventional).</span><br /> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span> <br /> <div style="text-align: justify;"> <span style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br /> <span style="font-family: "arial" , "helvetica" , sans-serif;">Majority of conventional banks</span><span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"> condensed scent in the pursuit of material benefits alone (capitalistic) with a system of interest, so do not know of any other party loss, while Bank Sharia emphasizes the nature of ta'awun (mutual help in the joys and sorrows / partnership), so there for the profit sharing principle known as the "profit and loss sharing" or "Mudlarabah" and also there are good loans (social) for customers who are very weak with the scheme (the form of financing) "qordlul hasan" ie loans where the customer is not burdened anything except just return anyway Specialized in banking, after the birth of the Law No.10 of 1998 which explicitly recognizes Islamic banking system in addition to conventional banking, then the existence of the Bank Muamalat Indonesia and other Sharia Commercial banks and financial institutions generally, the Shari'a sturdy and strong because there is a definite legal footing.</span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">The existence of a definite legal basis is then up to the year 2011 have been born decades Commercial Bank is a Sharia Unit Sharia (windows) of the Bank of Conventional, As for the objectives established sharia banking are:</span></div> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br /> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Directing economic activity in the Islamic Ummah to muamalah, particularly in the field banks to avoid the practice of usury;  to create a justice in the economy by way of smoothing income through investment activities, so there is no noticeable gap between capital owners and capital management; to improve the quality of life by encouraging people to berwira business; to help overcome the problem of poverty is the main program of State develop;</span></div> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">To maintain stable economic / monetary government, namely to avoid / curb inflation and interest rates due to the application of unfair competition from financial institutions Conventional and entrepreneurs in general.</span><br /> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br /> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">To save the Muslims from the dependence of conventional banks so that the Muslims can develop its economy in Islamic; Further characteristics / traits that distinguish Islamic bank with conventional banks among others: </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Costs  to be mutually agreed at the time the contract is manifested in the form of nominal and its flexible and reasonable;</span></div> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span><br /> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">A percentage of the payment be avoided because it is attached to the rest of the debt although the time limit has expired agreement; Islamic banks do not implement the financing contract based on a definite advantage (fixed return) are determined upfront, but rather to profit sharing in both profits and in losses.</span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Islamic banks will not make money by selling the same type of currency, with In other words money is seen not as an item so that the transaction always komudite use the term financing / credit not credit the money stuff.</span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">In Islamic banking there Sharia Supervisory Board to oversee the operationalization bank of syari'ah aspect.</span></div> <br /></p>

As is known, Indonesia is one of the largest Muslim country in the world. Of course this is very influential on the development annuity...

Investment Plans of PT Taspen (limited company) in 2012

<p><div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Starting next year, PT. Taspen (limited company), a company engaged in the state pension insurance, will increase its investment around IDR 90 trillion in line with growth in premiums and investment returns in the current year. </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">The plan, PT Taspen (limited company) will increase investment in equities and mutual funds, especially for investment annuity program. </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Meanwhile, PT Taspen (limited company) will also reduce the placement of funds in a portfolio of bonds. This is done because it is based on growth rates, it was found that low interest rates, so the deposit rate is also low. Expected bond yields high enough to look for alternative investments that can provide high returns. </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Equity and mutual funds an option amid low interest rates. To optimize return, PT Taspen (limited company) will invest in equities and funds a good mix of the underlying economy in Indonesia. </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Total investment PT Taspen (limited company) in October 2011 was IDR 78.2 trillion, including the annuity of IDR 38 trillion and IDR 40.2 trillion in retirement plan </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">From the results of investments, PT Taspen (limited company) could generate as much as IDR  5.6 trillion for the first 9 months of 2011. Annuity contributed IDR 3.2 trillion, pension funds contributed IDR 2.4 trillion. </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">68.24% its pension funds  are placed in bond government and 30.4% are placed in time deposits. while the remainder is invested in other instruments. </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Annuity investment put into a wider range of instruments, PT Taspen (limited company) placing 75.5% (IDR 28.69 billion) from the annuity on the bonds, both in government and corporate bonds. </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;"><br /> </span></div> <div style="text-align: justify;"> <span class="Apple-style-span" style="font-family: "arial" , "helvetica" , sans-serif;">Approximately 15.8% (IDR 6 trillion) of investment annuity is also incorporated into the deposit, 8:57% ( IDR 3.25 trillion) in equity, and about 0.1% (IDR 38 billion) invested in other instruments.</span></div> <div style="text-align: justify;"> <br /></div> </p>

Starting next year, PT. Taspen (limited company), a company engaged in the state pension insurance, will increase its investment around IDR...

Legal Basis Annuity Business Management in Indonesia

<p><div dir="ltr" style="text-align: left;" trbidi="on"><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Act No.2 of 1992, Chapter IV Article 4</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Lifetime annuities are retirement benefits that were administered to participants retire periodically / every month until the rest of life, then followed the participants Wife (Widow / Widower) for 60% of participants monthly benefit Main and then a monthly pension benefit dropped to the Son of 33.33 % of pension benefits Widow / Widower a maximum of 3 the boy, not yet reached age 25 Years, Never married and not working.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">TYPE OF PROGRAM Annuity:</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Pure Annuity</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Annuity Refunds</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Escalation Annuity</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Annuity 65 Year</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Tailor Made</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">ANTICIPATION OF RISK:</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">risks:</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Deaths from Premature solution ---> Life Insurance</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Old age The length solution ---><a href="http://annuitant.blogspot.com/2011/10/life-annuity.html"> Lifetime Annuity</a></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Accidents solution ---> Accident Insurance</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Sick solution ---><a href="http://annuitant.blogspot.com/2011/10/health-insurance-in-indonesia.html"> Health Insurance</a></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">  Some agencies <a href="http://annuitant.blogspot.com/2011/10/annuity-indonesia.html">Annuity</a> service providers in Indonesia, including:</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Garuda Indonesia</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Bank Mandiri</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Bank BCA</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Bank BNI 46</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Muamalat</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Equity Life</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Aviva Indonesia</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Manulife Financial</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen INDOLIFE</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Freeport</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen AIA Indonesia</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen Allianz</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">- Dapen ASTRA</span></div></div></p>

Act No.2 of 1992, Chapter IV Article 4 Lifetime annuities are retirement benefits that were administered to participants retire periodic...

Annuity Indonesia

<p><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Numerous articles, papers or writings of experts on annuity has been widespread in various media. Nevertheless, the author tried to summarize everything that is related to annuity activities in Indonesia. From various sources, the survey results and ask the experts, the authors try to discuss thoroughly the development of the annuity in Indonesia.</span></div><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial;"><span class="Apple-style-span" style="color: blue;">According to Big Indonesian Dictionary</span>, is a series of annuity payments or receiving the same amount, to be paid or to be received at the end of each period the same period of time for a certain number of years.  Annuities are contracts in which insurance companies provide regular payments in return for the premiums you paid. Annuities are generally purchased for retirement income.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial;">An <span class="Apple-style-span" style="color: blue;">annuity</span> is a contract in which an insurance company makes a series of income payments at regular intervals in return for a premium or premiums you have paid. Annuities are most often bought for future retirement income. Only an annuity can pay an income that can be guaranteed to last as long as you live.</span></div><span class="Apple-style-span" style="font-family: Arial;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: blue;"><span class="Apple-style-span" style="text-decoration: underline;">Annuities have benefits in every situation:</span></span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">For people who are rich, buy an annuity to secure future income, even if their assets are missing. They get the certainty of income.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">For people with modest wealth, annuities can help provide a sustainable source of income so that it remains financially independent in the old days. In addition, they will be free from the hassles of managing investments and assets.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">There are many categories of annuities, which can be classified according to the nature of the underlying investment, the accumulation period, the nature of commitment and payment of premium setting.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The nature of the underlying investments:<b> <span class="Apple-style-span" style="font-style: italic;">fixed</span></b> or <span class="Apple-style-span" style="font-style: italic;"><b>variable annuities</b></span></span><br /> <span class="Apple-style-span" style="font-family: Arial;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: blue;"><span class="Apple-style-span"><b><a href="http://annuitant.blogspot.com/2011/10/fixed-annuity.html">Fixed annuities</a></b></span></span> have a certain interest rate, similar to a bank Certificate of Deposit (CDs). In a fixed annuity, the insurance company guarantees the principal and minimum interest rate. In other words, provided a good insurance company financially, the money you invested in fixed annuity will grow and not decline in value. Growth in the value of the annuity and / or income paid may be fixed in dollars or particular interest. Growth in the value of the annuity does not depend directly on the investment performance of insurance companies that support the annuity. Some fixed annuities provide a higher interest rate than the minimum if the actual investment, expense and mortality experience of the company better than expected.</span></div><span class="Apple-style-span" style="font-family: Arial;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">If you buy a<a href="http://annuitant.blogspot.com/2011/10/variable-annuity.html"> <span class="Apple-style-span" style="color: blue;"><span class="Apple-style-span"><b>variable annuity</b></span></span></a>, your money can be invested in investment instruments multilevel return is not fixed, especially in mutual funds. The value of your money in variable annuity and the amount of money to be paid to you depends on investment performance after deducting the cost of managing those funds. To provide certainty, the insurance company can provide assurance that funds your annuity will never fall below a certain value.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Period of accumulation: the deferred annuity (deferred) or immediately (immediate)</span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Deferred annuities have a period where the premiums and investment returns are accumulated prior to the periodic payments. Accumulation period can be very long, such as deferred annuities to fund retirement that lasted for decades until the employee reaches retirement age.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuities begin paying regular income one period after the annuity is purchased.Period that depends on how often the income will be paid. For example, if the income is monthly, first payment made one month after the immediate annuity is purchased.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The nature of the commitment of payment: fixed period annuity, a fixed amount, or lifetime</span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Fixed period annuity pays income for a specified period, for example ten years.The amount of income paid does not depend on the age or the sustainability of life of people who buy annuity (called anuitan). The amount of income paid depends only on the premium paid into the annuity, the length of time of payment, and the accumulated investment returns. Annuities provide a fixed amount of income in a certain amount until the balance of premiums and investment returns are paid out.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Lifetime annuity provides income for the remaining life of anuitan. A variation of lifetime annuities continues to provide income for up to two pairs anuitan died (joint-life annuity). The amount paid depends on age anuitan, premiums paid into the annuity, and investment returns are accumulated.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Types of lifetime annuities are used as retirement benefits in Indonesia (as in civil and military) generally provide periodic payments every month until the lifetime of the main participants, then proceed spouse (widow / widower) of 60% of the monthly benefits of a major participant, then down to son for 33.33% of pension benefits widow / widower of a maximum of up to three children who have not reached the age of 25 years, unmarried and has not worked.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In a lifetime annuity, a source of income comes from three "wallet": Your investment, investment earnings and money from a pool of people in your group who died first from you. This is a typical setting on the annuity, which allows companies to guarantee the annuity income for life.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Premium payment arrangements: <span class="Apple-style-span" style="font-style: italic;"><span class="Apple-style-span" style="color: blue;"><b>a single premium annuity</b></span></span> or<b> <span class="Apple-style-span" style="font-style: italic;"><span class="Apple-style-span" style="color: blue;">flexible premium</span></span></b></span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: blue;"><span class="Apple-style-span" style="font-weight: bold;">Single premium annuity</span></span> funded by a single payment. Single premium annuity can be deferred or immediate. Most single annuity pension funded from savings due to the Pension Fund (Pension Fund). If you joined as a participant Pension Fund, at the age of your pension, your pension balance 80% will buy a single premium annuity. Periodic payments from an annuity is tax free because it is considered as an insurance benefit.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-weight: bold;"><span class="Apple-style-span" style="background-color: white;"><span class="Apple-style-span" style="color: blue;">Flexible premium annuity</span></span></span> is an annuity funded by a series of premium payments.Deferred annuities are always flexible, which is designed to have sufficient time period to accumulate premiums and investment income before the money can be paid regularly.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">An<b> <span class="Apple-style-span" style="font-style: italic;"><span class="Apple-style-span" style="background-color: white;"><span class="Apple-style-span" style="color: blue;">annuity</span></span></span></b> can be classified in several categories at once. For example, an annuity purchased from the disbursement of pension annuity maturity date is fixed, single-premium life-soon. That is, the <span class="Apple-style-span" style="font-style: italic;"><span class="Apple-style-span" style="background-color: white;"><span class="Apple-style-span" style="color: blue;"><b>annuity</b></span></span></span> is funded from a single premium, are invested in fixed-income investment instruments and the payment of immediate benefits for the next month until anuitan lifetime.</span></div><span class="Apple-style-span" style="font-family: Arial;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial;"></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The terms <i><b><span class="Apple-style-span">annuities</span> <span class="Apple-style-span">Indonesia</span></b></i></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><i><b><span class="Apple-style-span"><br /> </span></b></i></span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="font-weight: bold;"><a href="http://annuityworld.blogspot.com/">annuity</a></span></span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;">one way of periodic payment obligations for a certain period (annuity)</span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue; font-weight: bold;">perpetual annuity</span></span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;">annuity with an indefinite term (perpetuity)</span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue; font-weight: bold;">simple annuity</span></span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;">annuity with a period or a premium rate that coincides with a period</span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;">periodical payments (simple annuity; ordinary annuity)</span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue; font-weight: bold;">annuities are not-unexpected</span></span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;">annual payment frequency or time period when payment is made</span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;">uncertain events occur (contingent annuity)</span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;"><span class="Apple-style-span" style="color: blue; font-weight: bold;">annuity be delayed</span></span></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: small;">annuity with payments that will start at a certain time in the future (deferred annuity)</span></span></p>

Numerous articles, papers or writings of experts on annuity has been widespread in various media. Nevertheless, the author tried to summar...

Tips for Choosing Institutions Pension Fund in Indonesia

<p><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The launch of programs pension systems in Indonesia is largely supported by government policy through the law no. 11 years to 1992, </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">the establishment of the pension fund. Thus, the right to pension fund officials not only alone, but has the right of all employees. </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">if an employee or work independently (independent). With the creation of laws arising DPPK's (Employer's </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Pension Fund) and the<a href="http://annuitant.blogspot.com/2011/10/pension-plan.html"> <b><span class="Apple-style-span" style="color: blue;">Pension Fund</span></b></a>.</span></div><blockquote><span class="Apple-style-span" style="color: blue;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>The first</b> known name of the employer's pension fund (DPPK) is a kind of corporate pension funds, specializing in </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">the provision of services and facilities for the pension fund of the company for employees. The company can take the form of private individuals or not.</span></span></blockquote><blockquote><span class="Apple-style-span" style="color: blue;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>The second</b></span> is the Pension Fund of the financial institution (pension funds) is a legal institution in the form of TP is to have the responsibility to make <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">programs, retirement benefits for customers or members. Type of pension funds in Indonesia Institution is largely dominated by insurance </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In addition to a variety of corporate banking.</span></span></blockquote><blockquote><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></blockquote><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">This is due to the lack of legislation to pay retirement benefits to participants as needed in the form of <b>annuities</b>.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>A lot of opportunities</b></span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Pension Fund has a potential market of potential customers a very broad potential members might be open to all parties </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">have the obligation to pay pension contributions. Retirement Plan DPLK product exists as a life insurance and retirement savings </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>annuity</b> programs.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">For employees who are already members of the company work pension fund so there is no choice but to enjoy the </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Pension funds by employers. Program pension funds, the Board shall be selected and managed in the best way to </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">the company. This is bound to take every employee who works in the company.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">For those of you who choose DPLK quality and reliable, able to understand some important criteria that can be done has </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">choose the pension fund.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif; font-size: large;"><b>Some considerations can be taken are :</b></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><span class="Apple-style-span" style="color: red;">First</span></b>, Select the Pension Fund, which have a reputation for good management and a strong economic potential for the selection of his company </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://annuitant.blogspot.com/2011/10/pension-plan.html">Pension funds</a> are already well known reputation, financial and network quality of service is very communicative and </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">unsatisfactory service and complaints so that the payment request is pretty good.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">One way to assess the financial performance of life insurance companies shows the performance of financial solvency, </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">is reflected in the RBC (risk-based capital). Solvency refers to a company's ability to meet payment obligations due to be on time.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><span class="Apple-style-span" style="color: red;">Second</span></b>, choose a product that offers maximum program rents DPLK. By choosing a pension is provided to ensure the money </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">pension can enjoy the rest of his age. Annuity is a type of  insurance program to make a payment of money in a fixed or </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">a variable number of beneficiaries in the future, usually retirement. </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In other words, the pension program, participants will receive a monthly payment of money to retire. Program income is very </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">important to avoid the repayment of the participants tend to be time to enjoy the pension fund.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><span class="Apple-style-span" style="color: red;">Third</span></b>, choose a <a href="http://annuitant.blogspot.com/2011/10/pension-plan.html">pension fund</a> program that provides insurance protection to participate in the retirement program if the participant is </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">unable to continue the obligations of the monthly contributions. The cause can not pay the premium may be due to an accident or a layoff and can not </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">to meet their monthly obligations. This is indeed very important to protect the interests of the old days alive and living long-term warranty</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><span class="Apple-style-span" style="color: red;">Fourth</span></b>, select the pension fund is able to produce the maximum return on investment. As is well known, both leaders of the board, which is defined as </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The pension contribution after receiving money from the pension institution of program participants to manage and </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">to develop these resources to a variety of investment instruments. The investment objective is to achieve the level of expected return that </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">in the <a href="http://annuitant.blogspot.com/2011/10/pension-plan.html">Pension Fund</a> itself.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><span class="Apple-style-span" style="color: red;">Fifth</span></b>, to evaluate the Investment Report. To find the direction, good or not, each participant should take the </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">of evaluation. You will receive the record contains evidence that the obligation to pay membership fees and expected pension </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">the program.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In addition, each participant receives a report on the results accumulated pension plan investment development can be </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">the <a href="http://annuitant.blogspot.com/2011/10/pension-plan.html">Pension Fund</a> organizer reports on a quarterly basis. It 'important to the pension system allows participants to assess </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">performance of choice for pension funds. Do you agree with the promises made at the time of offering retirement products to potential customers</span></div></p>

The launch of programs pension systems in Indonesia is largely supported by government policy through the law no. 11 years to 1992,  the e...

Health Insurance in Indonesia

<p><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Health costs are now the only treatment to the doctor alone has required a significant financial cost (pay the doctor added with the purchase of drugs), especially if you should seek treatment and stay in the hospital. The medical costs are getting increased resulting in a very heavy burden of the family if one of a family member attacked the disease.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Meanwhile, the unexpected, such as illness or accident is an event that often occurs even if the timing is not predictable. Because it is so needed a plan to address the problem or the issue carefully and wisely.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <b><span class="Apple-style-span" style="color: red; font-family: Arial, Helvetica, sans-serif;">Be ready to face Unexpected</span></b><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Here's a true story that we write as an illustration. The husband, wife, call it Roni and Rina already has a very beautiful baby with the name Alia.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Roni and Rina  are the couple who live in metropolitan Jakarta, which requires them to work together in order to be able to meet all the needs of everyday life. The couple lived in a residence on the outskirts of Jakarta.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Some time ago, the fruit of their heart disease that required him to stay in the hospital because they have to undergo several tests and treatments are quite internsif. Unwittingly, their children had lived in the hospital for 1 week.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Once they want to settle their hospital bills surprised, why it cost so expensive? Up to Rp. 12 million? They are setting up an emergency fund but the magnitude is insufficient to pay all the bills the hospital earlier, so in order to pay off hospital bills before they have to dilute their future savings.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Things like this often times we hear. Not only should take away from future savings, but instead there is a need to borrow them first to the relatives because this form of expenditure is always ignored. How can you solve problems like this? There is a way which in our opinion can help you anticipate this at least in terms of availability of finance for the things that are not unexpected. First to set aside the unexpected you have to fill again when it is used and both with have health insurance. Both alternatives have advantages and disadvantages.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="color: red; font-family: Arial, Helvetica, sans-serif;"><b>Unexpected Funds and Insurance</b></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The first option is to set aside the unexpected should specify the amount of your own. Of several books related to family finances in our opinion you should prepare an unexpected tactical funds ranging from 2 to 6 months of living expenses per month.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">When the family monthly expenditure of Rp 5 million, then at least you have to set aside in savings of between Rp 10 million to Rp 30 million. Because of this requirement is the need for the unexpected, where events can happen at any time, then the product placement in a high level of liquidity to our advice. For example, in the form of savings in which the decision can be done anytime with the ease of an ATM that is now almost all banks offer these advantages.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">You've already set the size and place it in savings, when in the next month you should use it for unforeseen needs such as repairing the house of Rp 2 million, then you should add back the amount of its value as before. For example, USD 10 million represents funds set up for unexpected circumstances. If you have used up $ 2 million then you should have budgeted funds to replenish its total funding to $ unpredictable. 10 million back.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The usefulness of these funds for a wide range of unexpected expenses not only because of hurt, but for other needs such as, a leaky home repair, car collision and others. The limitations of this alternative to prepare for the unexpected expense of family health is highly dependent of funds available with which you set aside to fund unforeseen.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Sometimes insufficient funds prepared by continuously rising cost of medical treatment, be it only to the doctor and must stay in the hospital. The advantages with this way is that you can determine the amount of money should you spend or set aside. When things happen that no unwanted or unexpected then you have set aside funds that remain intact in number.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Alternatively you can do is to buy family health insurance. With this program you transfer the risk of unexpected things (illness) to a third party (insurance company) and costs should you spend each year in the form of annual premiums that have no cash value or be lost or forfeited if not used in the current year.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="color: red; font-family: Arial, Helvetica, sans-serif;"><b>Health Insurance</b></span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Indonesian people in general have yet to see insurance especially health insurance as a necessity. As with the American or European society that has seen health insurance as a necessity. Not only the high cost of medical care in the Americas or Europe, but if they do not have insurance it will be very difficult for them to get the best treatment is desired.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In general about health insurance is similar to the general insurance where the premium paid for one year can not be returned or forfeited during the year despite no claims. Some insurance companies provide a refund of premiums paid when no one's claims during the current year, although a small amount.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In Indonesia there are two categories of health insurance is <b>health insurance collective (group)</b> and <b>individual health insurance</b>. Individual insurance usually used for families in which only consists of a maximum of 5 individual, father, mother 3 children fund. Premiums must be paid relatively higher than the collective health insurance.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Meanwhile, the collective number of individuals who took part are larger and usually the premium paid is lighter because of the risk of claims on the average by all individuals in the group. The greater the number of groups or members within a set of lower premiums to be paid.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif;"><b>Insurance Benefits</b></span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Health insurance is a type of insurance that keep the availability of funds when an individual or a family member stricken with the disease. All the needs of the treatment to the doctor to have to stay in the hospital with various needs such as, the cost of drugs in the hospital until the operation is borne by all insurance companies. Generally this type of treatment or programs that are available are the benefits of ambulatory (outpatient), benefit of inpatient care (inpatient), labor benefits and dental benefits.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In general, the benefits of ambulatory (outpatient) are covered by insurance companies are:</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Consultation GP</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Provision of a referral to a doctor when needed specilist</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Consult a specialist</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Purchase of medicines in accordance with the list of drugs</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Piagnostic support</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In the outpatient benefits have maximum limits use of funds each year. Of the total cost of expenditures for outpatient care, in general at every insurance company requires the insured to pay 20 percent.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Labor benefits associated with the birth of the child, the cost of normal delivery, delivery with additional tools and operation of the S-caesar. To benefit "gift birth" there is usually a waiting period to 280 days. Each insurance company has a waiting period that limits vary.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">As for the benefits of preventive dental care, basic dental care, dental care complex and the installation of dentures. For all treatments insurance companies typically limit the amount of the total cost that can be used per year. In the dental benefits are an obligation for the insured to pay 20 percent of the cost of care (same as outpatient benefits).</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Third-care benefits as above, namely outpatient, maternity and dental benefits is an additional option that you can take the following basic program which benefits of hospitalization. So you can not just take advantage of outpatient care, childbirth or dental work alone without following the basic program of hospitalization benefits.</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">For the benefit of hospitalization which is the basic benefits that should be taken first, the coverage of hospitalization benefits are generally almost the same from various insurance companies that exist. The benefits are:</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n The cost of accommodation space</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Cost-ICU room accommodation</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Consultation doctor</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Consultation specialists</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n The cost of surgery, complex, major, intermediate and minor</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Other expenses include hospital: cost of drugs, laboratory tests and diagnostic</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Outpatient 30 days before and after hospitalization</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Care at home</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n the local ambulance service</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Outpatient emergency room due to accidents</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n Outpatient dental emergency due to accidents</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">n the death benefit</span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The amount of coverage is dependent on the program you take, the various insurance companies using the name or type of program that is different. For inpatient premium amount to be paid annual visits of the high cost of accommodation in the hospital room you choose, for example, you choose the cost of accommodation at a cost of Rp. 200.000 the following benefit options to follow a prescribed program. For these three additional programs, premiums to be paid for outpatient care based on the size of the selected GP consultation, the cost of labor based on the desired natural childbirth and dental care in terms of basic care.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif;"><b>Insurance Claims</b></span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In the event there are claims that insurance companies use the reimbursement system (reimbursement) or the system provider. With the system of reimbursement, the insured must first spend money to pay medical expenses that you can then claim (asking for reimbursement) to the insurance company.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In this case the completeness of letters of administration is a must. Sometimes the problem arises in the claim process because it does not complete the requirements needed. The length of disbursement dependent claims with insurance companies is generally around 7 working days.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">As for the system provider is not spending a single penny, you only provided health insurance membership card in order to obtain needed medical services. Surely in a hospital or clinic you have chosen previously.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">With the replacement system you can get into a hospital anywhere. While the system provider, you should determine the choice of hospital you want based on the list of hospitals that work with the insurance company.</span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Perhaps the question arises, how much premium should we spend to have health insurance? Once again, the magnitude of the premium or fee should you spend each year depends on the program you choose. As the example above where you select the program inpatient accommodation costs Rp.200, 000, then the premiums will be calculated based on the cost of accommodation and age of the insured. The younger the age of the insured will be increasingly expensive burden of premiums.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif;"><b>Importance of Insurance</b></span><br /> <span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">After learning the basics or health insurance in general, it appears that health insurance becomes very important for a family plan. Why is that?</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">First, by following the health insurance program, for sure you know the burden of expenditure that should spend per year for the payment of premiums without having to fear that if one family member became ill.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Second, by choosing a health insurance program with the system provider, if one family member stricken with the disease then you do not have to bother with the issue of money, because all that was covered by insurance companies and you do not need to spend any money for hospitalization. With outpatient care you will be required removing 20 percent of the total cost.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">While the shortcomings in terms of health insurance is still quite expensive for our society. Actually the word is relatively expensive, therefore we strongly recommend that you plan your family finances, so you can see the family financial goals by priority.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">When you participate with insurance companies that use the system provider, you can only choose a partner hospitals from insurance companies. So that must be seen in this case is how many hospitals or clinics owned by a partner insurance company . The easiest option is to determine the nearest hospital with residential houses and of course with the best quality.</span></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span><br /> <div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">So from this explanation we are looking forward you can see the importance of preparing or planning a fund unforeseen or your health insurance program that protects families from financial hardship when the plague strikes. Begin immediately. The younger you will be more easy to follow and the premium to be issued also relatively cheaper. May be useful</span></div></p>

Health costs are now the only treatment to the doctor alone has required a significant financial cost (pay the doctor added with the purch...

Annuity and Pension in Indonesia

<p><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Everyone aspires to stop working at any time and enjoy old age. However, the decision to stop working and revenue loss remains a major step. Many people do not just want to maintain a lifestyle in which they are accustomed, but also do other things that they can not do because of time constraints and busy work.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">According to Central Bureau of Statistics, the average life expectancy (life span) Indonesian men 66 years and women 70 years. Each person must accumulate enough assets to be utilized until the end of his life if he wanted to retire at age 55. However, increasingly sophisticated technology we have to anticipate the resulting health risks where our investment is not sufficient. Longer life expectancy will increase with improved health facilities from time to time.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><span class="Apple-style-span" style="color: blue;"><a href="http://annuitant.blogspot.com/2011/10/annuity-insurance.html">Annuity insurance</a></span></b> can be called a "reverse" because it works the opposite way with the insurance system. When you buy insurance, you are required to pay the premium and the insurance company will (certainty) to pay UP (sum assured) at the time of your death to his beneficiary (recipient UP).</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">When you buy an annuity, you pay a premium or a value and in return you will receive income every month as long as you live. That way, you can conclude that the insurers to maintain financial stability if you die too early and keep your annuity from the financial damage caused by living too long.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><b><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuity Concepts</span></b></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuity is a type of investment vehicle that is used as a source of extra income for retirees. Annuities are the only financial instrument that offers guaranteed income for life.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuities make periodic payments within a certain period of a lifetime. The basic functions of the annuity is to provide protection against economic hardship because someone lived longer than his personal financial resources. Period when the premiums paid to purchase the annuity is known as the accumulation of the period and the period in which the annuity payments made known as the period of distribution.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In terms of pure life annuity, life insurance companies will guarantee the payment of regular monthly benefits to participants annuity (the annuitant) for the rest of his life. If a benefit payment made to a particular period, but only during the life annuity participants, such a contract is known as temporary <b>life annuity.</b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>Annuity</b> benefits consist of three parts, namely capital, interest and benefit to heirs. Capital was formed from the payment of the premium paid in the period of accumulation of the participants.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Flowers are the results obtained from the funds derived from funds paid when the fund matures and the benefit of the heirs are refunded to participants prior to his death. These benefits will be available for group annuity heirs.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>Life insurance</b> companies make a product structure is based on Mortality table and the estimated return on investment. From this information, they can calculate annuities for certain age groups, the number of guaranteed monthly payments that they can do for each participant without eroding earlier funds that have accumulated annuity group.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In the annuity principle, the law permits the implementation of the average lifetime income guarantee for each participant's annuity. Some people will live to age 65, which we consider to be the size of the national average. The other half will live beyond this figure while the other will die early.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><b><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://annuitant.blogspot.com/2011/10/main-types-of-annuity.html">Types of Annuity</a></span></b></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Generally there are three types of annuities offered by insurance companies, each of which can be an alternative choice according to what you and your partner want.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><i><span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif;"><b>Married Life (Living Single)</b></span></i></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Payment or distribution of the benefits of income every month made during a person's life and ends upon death</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><i><span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif;"><b>Joint Life (Double Life)</b></span></i></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Payment or distribution of the benefits of income every month made during a person's life, then after death, the payment forwarded to the wife / husband (who live longer) by X% (60% - 100%) received from the husband / wife</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><i><span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif;"><b>Term Annuity (Time Limited)</b></span></i></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Payment or distribution of the benefits of income every month performed until a predetermined time limit.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><b><span class="Apple-style-span" style="color: blue; font-family: Arial, Helvetica, sans-serif;">Annuity Product Classification</span></b></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuities can be classified in several ways because of differing perceptions regarding the start date of benefits applies, how the premiums are paid, how the annuity funds are invested, surrender benefits and methods used in calculating benefits. Some common ways of classifying annuities, including the following:</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Single premium annuity, premium vs. regular. There are two ways of annuity payments and payment methods can be used as a classification of this investment tool. Annuities can be purchased with a single premium immediate annuity begins where or by regular premium for several years in which the annuity will start at a later date (postponed).</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><i>Immediate</i></b> vs. <i><b>deferred annuities</b></i>. Participants have the option to receive annuity benefits at this time (immediately) or several years later (delayed). Immediate annuity is purchased with a single premium benefits within one interval after the date of purchase. While deferred annuities, there is a waiting period of several years between the date of purchase and payment of annuity benefits. Deferred annuity can be purchased with a single premium or regular. Annuity contract is very flexible and can be issued with a choice of single or regular premium payment and receipt of annuity benefits accordingly.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><i>Fixed</i></b> vs. <i><b>variable annuities</b></i>. If you invest in annuities, funds collected are invested on your behalf by the insurance company. From time to time you pay the premiums until the time benefits are paid back to you as an annual benefit or the benefit of one-time (lump sum), the investment will provide investment results.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Results of investment depends on the type of annuity investments made. Annuity with a fixed rate, principal capital is safe and the insurance company agrees to pay a fixed interest with a minimum level during the contract lasts. Investment results may be slightly higher than the level of investment in the market. Annuity products of this type have a low risk so that appropriate for investors who are cautious, conservative and want a steady cash flow.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">In the annuity varies, premiums collected are invested in a portfolio consisting of stocks, bonds or other investment vehicle. Annuity payments vary depending on market situation and the good level of interest or of principal is not guaranteed.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The idea is to provide opportunity for participants to be able to follow the annuity rate of inflation through a portfolio of assets since the results can still lose purchasing power. However, the potential for higher investment returns also means that participants exposed to the annuity the higher risk level as well.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: blue;"><a href="http://annuitant.blogspot.com/2011/10/what-is-annuity.html">Annuity</a></span> could vary during the period of accumulation of and become fixed during the benefit payment period or vary in these two periods. Variable annuities are not common in Singapore even though the annuity is widely accepted in the United States. It is hoped that these annuities will become more popular along with the demographic changes expected to occur in Singapore.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuity vs. pure certainty. Annuities can also be classified according to the insurance company's obligation to policyholders. Pure annuity benefit payments to participants a lifetime annuity the participant, regardless of the length of the short time period.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuities are considered liquid in full at the time the annuity participants died without any connection with the estate of participants annuity. Conversely, an annuity can have features of return (refund). This instrument was developed because of the objections to the penalty on the portion of principal that is not used if the participant died too early. Therefore, even a pure soul annuity provides the maximum income per dollar of principal amount, annuities are not popular.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Insurance companies use the feature returns to make annuities more attractive to potential policyholders. One of the most common variation is the amount of annuity with guaranteed payments.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Guarantee period can vary even for a definite period of the product for 15 years, meaning that insurance companies will begin to pay benefits for 15 years regardless of the participant's death an annuity, is a common choice being offered. Unpaid balances will be submitted to the estate of participants annuity.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>Individual vs. group annuities.</b></span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Annuities can be offered either to individuals or groups. The basic principle is the same anuitasnya function. Group annuity can be the basis of the pension plan sponsored by a company or other organization.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Well, if it can be inferred from a brief description of the annuity program, this program actually provides certainty of income when you retire because of the income distribution will be made monthly until you die.</span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br /> </span></div><div style="text-align: justify;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">So in this case you avoid the possibility of losing or running out of income during your retirement until death. Hopefully this brief review add your insights about financial products that could be an alternative choice for families.</span></div></p>

Everyone aspires to stop working at any time and enjoy old age. However, the decision to stop working and revenue loss remains a major step....