Analisis Produk Asuransi Unit Link Di Indonesia

Abstract

This paper presents a unit-linked insurance which is a modern insurance. The policyholders will get benefits of insurances and investment. The aim of this research is to analysis of unit link insurance products in Indonesia. Especially to analysis the mortality cost, premium, return, and profit of the product. The method used is a stochastic profit testing method and the results of the study show that mortality cost offered by the three unit link companies selected as the sample of this study are greater than the insurance costs calculated based on the Indonesian Mortality Table. From comparing different unit linked insurance plans, only one plan is sufficient to fund the guarantee. While others have to do a Top-up premium.

Sharia Investment Literation by Sharia Insurance Agents on Unit-Linked Products

“…The type of research used in this research is qualitative research by collecting data, compiling, analyzing and interpreting it and presenting it in descriptive form (Nugrahani, 2014). In analyzing sharia investment literacy of unit-linked sharia insurance agents at Asuransi Jiwa Generali Indonesia, field data in the form of facts are required along with in-depth analysis regarding the activities of agents and trainers in providing an understanding of unit-linked products that have protection and investment features (Widana & Jayanegara, 2019). Researchers expect the descriptive case studies to be able to provide a thorough explanation of a case's unique background, nature, and character, so that the intent of analyzing sharia investment literacy in sharia insurance agents, especially in unit-linked products in Asuransi Jiwa Generali Indonesia, can be explained in detail (Syarifudin et al, 2020).…”

“…Even though there has been substantial development, many people still do not understand the product's system. (Widana & Jayanegara, 2019).…”

“…This product is very suitable for In sharia unit-linked products, the contracts used are the Mudharabah (profit sharing) and Wakalah bil ujrah (representative) contracts. Meanwhile, investment instruments in Sharia Unit-Linked are usually given sharia mutual fund instruments.Mutual funds are a place where investors gather to provide funds which will later be managed by the Investment Manager in capital market instruments, namely stocks, money markets, and bonds(Widana & Jayanegara, 2019). Mutual funds that will be purchased by an Investment Manager only adhere to sharia principles, namely: (1) will only be purchased by an Investment Manager whose shares, bonds and money market are listed in the Sharia Securities List and are in accordance with sharia principles; (2) perform cleansing if there are benefits in the sharia mutual fund portfolio that are not in accordance with sharia principles; and (3) there is a Sharia Supervisory Board (DPS)…”

Implementation of Sharia Insurance in providing Sustainable Finansial Protection

“…A Sharia-linked unit is an alternative product that middle-class Muslims can use to manage their finances [16]. Eventhough there has been substantial development, many people still do not understand the product's system [17] Conventional and Islamic insurance have fundamental differences in principles, structure, and operational practices. Companies are established to get the maximum profit for the owner of the company and also at the same time for the shareholders.…”

Andiraja, N., & Wahyuni, D. (2015). Premi Tahunan Asuransi Jiwa Berjangka Dengan Asumsi Seragam Untuk Status Gabungan. Jurnal Sains Matematika Dan Statistika, 1(2), 83–88. Aryanti, N., & Ahmad, D. (2020). Penentuan Cadangan PreminTahunan Retrospektif AsuransinJiwa Dwiguna Kasus JointnLife dengannMenggunakan Metode Fackler. 3(1), 53–58. Dewi, N. K. A. S., Widana, I. N., & Harini, L. P. I. (2018). Perhitungan Nilai Garansi Minimum Manfaat Kematian Pada Asuransi Unit-Link. E-Jurnal Matematika, 7(3

“…Dalam produk asuransi jiwa unit link ini, pihak tertanggung diberikan kebebasan untuk memilih instrumen investasi sesuai dengan preferensi mereka sehingga pemegang polis juga bertanggung jawab atas risiko investasi yang mungkin terjadi (Magfidar, 2017). Faktor yang memengaruhi harga premi dari produk asuransi jiwa unit link adalah tingkat angka kematian (tabel mortalita) dan biaya (Widana & Jayanegara, 2019). Asuransi jiwa unit link merupakan produk asuransi jiwa modern yang memungkinkan pemegang polis untuk melakukan investasi, termasuk melalui pembelian saham.…”