Insurance is an agreement between two parties, namely the insurer and the insured 1

Insurance is an agreement between two parties, namely the insurer and the insured. The insurer is the party who is obliged to provide compensation to the insured for loss or damage suffered as a result of an uncertain event. The insured is the party who pays premiums to the insurer to obtain protection against risks that may occur. In general, insurance can be divided into two types, namely life insurance and general insurance. Life insurance provides protection against the risk of death or total permanent disability. General insurance provides protection against the risk of loss or damage to property, legal liability and health. Type of Insurance Insurance can be divided into two types, namely life insurance and general insurance. • Life insurance provides protection against the risk of death or total permanent disability. Life insurance can be divided into several types, namely: o Term life insurance: provides protection for a certain period, for example 10 years or 20 years. o Whole life