Broadly speaking, insurance consists of three categories, namely:
Insurance
Consists of insurance for property (property, vehicles), financial interest (pecuniary), a legal responsibility (liability) and self-insurance (accident or health).
Life Insurance
Is essentially a form of cooperation between the people who avoid or at least reduce the risks caused by the risk of death (which would happen but not sure when it happened), the risk of old age (the inevitable and predictable when it happens, but not sure how long) and the risk of accidents (which are not inevitable, but not impossible). Where cooperation is coordinated by an insurance company, who worked on the basis of law of large numbers (the law of large numbers), which spread the risk to people who want to cooperate. Included in programs such as life insurance: insurance for education, retirement, investment, ladders, health.
Social Insurance
Social insurance is compulsory insurance program that the government organized under the Act. The purpose and objectives of social insurance is to provide a basic guarantee for the public and is not intended for commercial gain.
(Excerpted from multiple sources)
