Solve Insurance

Articles: E-Commerce in the Insurance Industry

noreply@blogger.com (Author) — Sun, 27 Jun 2010 23:43:00 +0000

The implementation of electronic business processes in insurance companies in general aim for collaboration (collaborative work), tracking of working hours and production time, supporting human resource management, automated payment of employee travel, and for implementing e-learning (eg for tutorials or Internet-based employee training which enables distance learning).

Developing countries, is not participating in e-insurance real this. Effect of efficiency in the implementation of e-commerce technology in the insurance industry can be viewed from two perspectives. First, e-commerce may reduce the need for administration and management. Second, direct sales to customers may be able to reduce the cost of commissions to intermediaries (such as for an agent or broker).

Lilischkis (2003) enumerates the various types of ICT that can be applied in an insurance company that is internet access, computers, world wide web (WWW), e-mail, Local Area Network, Intranet, Wide Area Network (WAN), extranet, and Electronic Data Interchange (EDI).

Use of e-commerce in insurance companies is generally used for four purposes of the official company website (official website), information about insurance products through the website, online sales of insurance products, and procurement (goods) online. Garven (2002) states that the use of E-commerce cause insurance companies to switch from product-oriented approach to customer-oriented approach. Because search costs would be cheaper for the customer, it will bring more transparency of pricing strategy and quality. This will strengthen market discipline in an increasingly competitive environment, namely by making the customers are not interested to move from his insurance company.

The more transparent insurance rates will further empower consumers and encourage insurance companies to experiment with various alternative methods of penetaoan price. Although the existence of conventional agents and brokers diminishing role in e-commerce based environment, they will be able berdaptasi and still can take advantage.

In addition, through reduction of transaction costs, the e-commerce will cause the product and insurance services to more than mediated today. So the form of new intermediaries will emerge over the Internet. E-commerce will also provide important implications for designing insurance products that give consumers more flexibility in managing their risk.

confirmit-wheel-customer-fs-healthcare-insurance-small.gifTaylor and Cluch (2002) states that the distribution of insurance and financial services is undergoing dramatic changes through the use of Internet technology. Many insurance companies are now using the website to provide specific information about the company and to generate sales through the Internet. Online sales of insurance products is estimated to be more influential for products that are relatively complex (or is standard), for example, vehicle insurance compare term life insurance product or home insurance is more complicated.

Impact of e-commerce in general shows that insurance companies obtain a significant impact for some attributes of performance. Attribute the relatively high compared to the other is the change in work process, improved customer relationships and organizational structure change.

While changes in insurance product offerings and relationships with suppliers is relatively lower impact. Implementation of online sales in general give a higher impact on improving customer service quality, an increasing number of consumers, and the efficiency of internal processes than the impact on sales volume, sales coverage, and logistics costs.

The impact on the financial, insurance companies who sell and service over the Internet will have a cost advantage compared to conventional insurance companies, which is about 58% to 71% lifetime customer. The cost savings derived from reduced cost of sales, customer service, and operations, as well as efforts to obtain better information and cheap (Allen and Hamilton, 1997 at the Garven, 2002).

Tips: 5 Tips For Small-Scale Business Insurance

noreply@blogger.com (Author) — Fri, 25 Jun 2010 15:16:00 +0000

Small business security needs on their investment in a business because of several risk factors in normal and small-scale businesses generally experience fear in the field of financial resources since it is generally limited.

Looking at the overall aspect, the business of security is needed for smaller businesses. Small business security needs on six different areas such as business property, liability, workers rekompensasi, theft, and other working capital. Use the overall security aspects of insurance for small businesses is the need for the businessman. Selection of insurance for small businesses depend on the likelihood of risk and local business conditions. Below is the basic tips for small business insurance:

1. Insurance for small business include several types of risk. If you want a specific risk mengkover than some insurance company that offers responsibility for overall risk. Look at your business risks, you should take some insurance to protect your binis which will provide complete coverage of the commercial.

2. Smaller businesses sometimes suffer from shortages of electricity and other natural risks such as natural disasters. It would be better to take the type of insurance that protects you from a business risk.

3. As a business, you must protect the consumer. In some cases there are many claims to consumers. Errors & Omissions insurance policies (E & O) is the best solution to protect you from the entire claim.

4. In order to protect your business from all aspects of risk, you must have a policy of business ownership that provides total coverage of the overall risk. You should see the details carefully.

5. You should compare the coverage before choosing a policy. This depends on your risk.

Some smaller businesses have to look at the overall risks and type of coverage depends on the local business situation. Small business insurance policy protects you from risk.

Tips: 5 Ways of Life Insurance Premium Savings

noreply@blogger.com (Author) — Fri, 25 Jun 2010 15:11:00 +0000

There are five basic ways to reduce your life insurance policy. The five ways are:

a. Online purchasing and compare multiple Quotes

The amount you pay for life insurance protection depends on the number and scope of the policy, as well as age and health insurance company you choose. In order to find the best price, Make sure you buy and compare quotes from various companies. The same policy costs can vary among different insurance companies,

b. Selecting the right coverage

Every person has different needs life insurance so that no one the right size for the overall solution. For example, an individual who has a loan debt of 30 years should have life insurance coverage for 30 years to guarantee its debt tebayarkan whenever events unwanted.

c. Determining the appropriate amount of coverage

When making a purchase of life insurance, many agents may try to sell more coverage than you need. Understand that the purpose of life insurance is to move the financial losses and what most people look for is a transfer of income to their heirs. Financial planners recommend the number of policies least equal to 60-10 times the annual gross revenue.

d. Do check price

Insurance companies offer a price on a certain amount of coverage. Most people pay less for more coverage.

e. Make purchases when you were young

In addition to your financial needs may be lower at younger ages, rates are also much cheaper when you are young. The best advice is when you lock the protection of health and youth which is still a good price to avoid paying more at the time of maturity of short-term policy.

So many ways to save a life insurance for yourself. Do it now and you will feel the money saved when you pay life insurance premiums. Good luck!

Articles: Trend World Insurance Business Strategy

noreply@blogger.com (Author) — Fri, 18 Jun 2010 20:57:00 +0000

Once insurance companies / reinsurance companies put the competition in size and the size of the capital. But in the last 10 years the competition was beginning to spread at the level of knowledge, product innovation and strategy.

Creation of new values in the insurance business began to unfold with the major challenges of insurance consumers and insurance market development itself, among others:

Knowledge of the insured in risk management which increased rapidly. They began to make its calculation of the premiums they pay to the frequency and intensity (severity), the risks they face. This awareness encourages the creation of contracts, insurance policies with large deductibles and low premiums and the outbreak of captive insurance.
The more saturated the world insurance market, especially in America and Europe, along with the stagnation of the market developments that have implications on the low level of price premium. Life insurance premium rate in the United States since 1988 was not increased when calculated for inflation in the same period. While Europe experienced market saturation due to high ownership per head of life insurance policies and too many insurance companies in the market (about 5000 companies for 18 western European countries).
Financial institutions such as Pension Funds, Insurance, Reinsurance, Investment Bank and Asset Management began to realize that in fact they're competing in a field which is almost the same. Business characteristics of these institutions have been thinned, so that they appear as new competitors in the insurance business. This fact was exploited by the insured to perform hedging and transfer of risk has with the forms that are more innovative.
All three of the above forcing companies engaged in insurance business "rack one's brains" to find new strategies to keep "survive".

These strategies include:

Mergers and acquisitions. Surely this is an old story in any business. But for the insurance world, he became the most visible phenomenon at the end of the second millennium. General Re (a reinsurance company is number three in the world and the largest in America) has acquired Cologne Re (Germany reinsurer) which is one of the largest acquisitions of this century. Then merjernya insurance broker Marsh McLennan and Sedgwick recently showed that insurance brokers are also getting ready to face the business challenges ahead. While Swiss Re is more careful with reinsurance companies acquired in Europe and America who had the capital is not too big but in high frequency (the reinsurance company Swiss Re acquired the world twice a year). Merger and acquisition phenomenon is advanced because of saturated markets and increasing competition. Moreover this is done to stabilize the company and the loss portolio useful in increasing market share in an instant.
Increasing core competence with business divestments. Swiss Re to sell its loss to the Allianz insurance company and to acquire life reinsurance companies in the UK.

Improving marketing efficiency. The purpose of this strategy is to get closer to services and relationships in the market. For example with the use of Internet and call centers (the latter is beginning to realize by some insurance companies in Indonesia). Research Booz Allen & Hamilton in England to prove that the Internet is a marketing vehicle cheapest insurance. Some of the world's major reinsurers have also used this medium as a way of offering elective for asuradur by filling out the form facultatif offering on their homepage. In Indonesia it is still experiencing difficulties in its implementation given the absence of legal provisions regarding the usage of the Internet as a means of distribution.

Expansion into the Capital Market. '90an Marked by the emergence of mid-products derived from the insurance business was sold to the capital markets such as catastrophic bonds in 1994 and followed with a variety of bonds and other derivatives to achieve the additional capital from investors. With this derivation products, insurance companies / reinsurance intermediaries to be media-gungan pertang just because the risks are actually investors. This investment strategy arising from intense competition and higher combined ratio (loss ratio plus expense ratio management) and also anywhere in the world market began to weaken. As a result, profits from underwriting income is no longer expected as the spearhead of the insurance business as it did 10 years ago. The truth of insurance business has experienced changes in business focus due to such trends. From a business that only underwrite the risks and benefit from the business side of underwritingnya to move to accumulate funds from the public and seek profit through the investment of premiums collected. That causes asuradur / world-class reinsurers are now starting to acquire investment banks.

Developments outside the insurance world that can so rapidly would spur us to start changing the mindset of business in Indonesia in order to run more quickly catch up with a different emphasis in business knowledge and strategy. Especially when we want to survive in the world arena of free trade era. Think Globally, Act Locally.

Articles: Time for insurance?

noreply@blogger.com (Author) — Wed, 16 Jun 2010 17:15:00 +0000

"Willing Umbrella Before Rain, willing Insurance Before Disaster"

"Not out of it, her husband had a stroke last year and continues at the Parkinson's symptoms. From September until now, every month he has to spend the money to buy drugs for 20 million per month, excluding hospital costs. Luckily her husband have insurance and replacement adequate treatment so it does not need to go bankrupt because of it. my other sister every year must pay about 200 million per year for the fourth time the hospital with an average treatment duration of about 10 days ... "

That passage is a brother of us, let's say his name mottled, in a mailing list. He tells about his family experience to face "health disaster". Hundreds of millions suddenly costs to be mobilized, because the disaster came uninvited.

Fortunately, there is insurance that provides relief. ... But, what insurance really is not it?

Simple, our favorite information sources, opening a basic knowledge of what is meant by "insurance". More or less like this he said: "Insurance - in law and economics - is a form of risk management by way of exchange value of the losses - to sacrifice some to reduce the impact of large losses."

Insurance is actually realizing anticipatory attitude, just like us time to provide an umbrella when the weather was overcast, or to use glasses at the time blazing sun. When we can calculate how likely a bad thing was rising - such as car sales kala kendaaran tersenggol increased - then the insurance will become an umbrella that reduces [not eliminate] a sense of loss arising from such could happen.

We certainly do not want bad things to happen. And insurance is a mental bridge so we can provide enough time to complete when there are more things we've calculated as a drawback merintang come.

But the Indonesian people still believe in superstition .. Whereas ngakunya religion, but not believers. Instead he ordered insured precedes fear God. Yet God did not you give us a brain to think. Because the age-old earth, disaster is a familiar part of the human life.

It feels, I rarely hear people live without ever passing the time performing. Extreme example is the recent earthquake event occurs or infotainment reports on television about the artist who suddenly fell ill so had to rely on donations colleagues. In fact, if you can, you see, we not use donated people, yes?

Hence, generally companies are now using insurance services to ensure the health of employees. In addition, the Government is also promoting the Social Security program that can be utilized by employees participating in the program. The good, the government requires every employee to include employees in the program. We do not have reason to fear superstition. Yes, iyalah ...

That should be feared is not it only God. And God is angry not possible if we use our common sense.

If you see an article on Wikipedia before, we are driven to see the history of insurance. We will understand that in ancient times, almost 4000 years ago, insurance grown since the era glory days of Babylon, Persia, until the Roman Empire. At that time, insurance is a symbol of the commitment that the authorities would protect a group activity, or public safety.

Habits indicate any commitment to protect this continues and develops in Europe, until in the era of the mid-to later in the early modern era. At that time, knowledge about the system of government is stronger, meaning that humans have grown and able to unite to solve problems based on experience can appear suddenly.

"The Fire Office" in England stood in 1680 because of the great fire of experience twenty years earlier, in the year 1666, which destroyed 13 200 homes in London. Consider, for more than 340 years ago, it took twenty years for England before triggering the need to raise the insurance business after a major disaster strikes.

Indonesia, which is fitting for us lucky people living in the era of the Internet, can learn faster than humans in centuries past, is not;)? Insurance is a common desire to strengthen the symbol of hope for life, anticipating a repeat of events lost in a disaster.

Natural Disaster Insurance?

For a moment, looking back, around the early 2000's until 2004, insurance records due to natural disasters, especially by the tsunami in Aceh began to bloom scrolling. Mesi contents not directly associated with the anticipation of disaster, but because of flood damage to the tsunami, but we began to be reminded the importance of insurance in the face of a natural disaster.

Until 2008, the site notes that the desire insurance Compass in general still needs to be improved. Unfortunately on the same page listed many readers the impression that opinions do not trust the insurance, because it considered less profitable than the type of investment or savings.

In the visible differences compared to the effort to use self-insurance is the clarity of vision of life which change shadows uncertain future diselipi when disaster occurrence, as in previous eras. Because we know the real catastrophe is not impossible, when he struck surely we need more energy because it is faced with more problems at once.

It's time we think of how the Indonesian people can have hope to be more independent after the disaster hit. However we must face the fact that we live in earthquake-prone country. Our country in the region called the Belt of Fire or Ring of Fire. Scary, huh .. Already knew this, of course we as intelligent beings, should react wisely.

From television and newspapers we have already seen what effect the earthquake. Not just the physical destruction, but also the intangible such as loss of jobs, living in refugee camps or staying in your home. What if it happens to us is we do not have any preparation? Imagine the refugees who had no place to live though simple, and because the quake had to live in refugee camps. How can they be back? How can they rebuild their homes if there were no funds?

Do not forget the diseases that arise post-disaster. Are we going to hang himself at the mercy of others? Ih, God forbid, deh. God forbid hit disaster, God forbid if you also have to live in the mercy of others.

In the future, I promise you, my readers, for a lot more telling about the importance of insurance.

Business Inspiration: Alternative BUSINESS

noreply@blogger.com (Author) — Tue, 15 Jun 2010 13:52:00 +0000

A few weeks ago, when I appeared as a speaker at the talk show in Yogyakarta, some students from attending college in the city. They are asking questions that interested me. How can they save? Understandably, not all students receive an allowance sufficient. Whether because of poor parents or the student expenditures are large. From there, it appears self-motivation on the students, there is no other way except by looking for sources of income.

No wonder many students are motivated to earn. What alternative work can be done by the students? As we both know, a student must have a lot of limitations. One of them is lack of capital. In addition, they also have a primary obligation that is learning. Do not they fun to work, instead keteteran college. Well you know, how is that?

Well, here I give you some extra income alternatives that can be run by students.

Selling Goods
Selling goods, particularly those conducted in person, can be done in no time aka time-bound. For example, selling clothes to friends. Activities that could certainly have done during free time and not much time wasted. Quite a few phone calls or offer to friends on campus, showing her things, and when nobody likes the goods, the transaction is made. Done.

Many items can be sold. Ranging from clothing and accessories, electronic goods such as watches light, the "heavy" like a radio tape, VCD player to the computer. In principle, all goods that could be used and consumed, can be resold.

What matters must be clever to find a place to buy these items at low prices. For those whose capital is barely enough to buy some stuff just for the sample.

Selling Skills
Students must have a skill that can be sold. For example, those who are studying in the field of literature can offer translation services. Like a lecture in the field of computers, lots of choice. Who pursue informatics engineering studies could sell a simple software manufacturing services to companies. Those who can teach accounting courses private accounting to high school kids. Who loves to write, can also make a short story and send it to Tabloid NOVA. Who lectures in the field of socio-political? Can send articles to newspapers.

What is clear, the alternative has the expertise to sell excess, ie do not need capital, but expertise. Just a bad, sometimes not all students have a sense of PD (confident) enough when they had to sell his expertise. Often they may feel shame, inferiority, embarrassment, and so forth.

Finance: Financial Reorganization

noreply@blogger.com (Author) — Tue, 15 Jun 2010 13:46:00 +0000

When we manage the business continues to lose money, lenders began to leave the feelings of anxiety arises is rational. Feelings of anxiety that can be minimized through financial reorganization. Financial reorganization move as an effort to erase losses and improving the capital structure. No other financial reorganization reorganize the way business financial relationships.

Financial reorganization is done through action to remove the balance of losses. Such actions, preceded the determination of the nominal amount of loss to be eliminated. This means, there was the revaluation of balance sheet items carefully.

The assessment was also performed to remove the loss alternatives. The first alternative, to touch the capital stock with the technique: reducing the nominal shares, issue new shares and attract old shares. The second alternative, with technical touches deklarasering fixed costs such as changing the cumulative preference shares into ordinary preferred, bonds into preferred stock or common stock or revenue bonds. While the third alternative, namely to reduce the amount of debt that is run with the approval of creditors. Thus, financial reorganization requires the sacrifice many parties. If there is a choice of financial reorganization or not? of course we choose effort so that business continues .. continue .. and continue to provide benefits.

No stakeholders no busines!!

Finance: 9 Financial Tips for Smart Wife

noreply@blogger.com (Author) — Tue, 15 Jun 2010 13:40:00 +0000

Often we hear of a husband to give a reason, "I asked, 'financial director' always yes." And we suck in that the reference is to his wife.

Our society has become a tradition that a wife is the manager of the household, especially in terms of managing household finances. The financial challenges of a wife are also quite diverse, ranging from the rise and fall of family income, household budgets do not keep up the deficit, until the threat of shortage of funds for their old age.

In fact, in a less favorable financial situation, the wife threatened to 'forced to' go to work to meet family needs. We hope some of the tips below will help a lot of the wives to be more intelligent and skilled in managing the household finances.

1. Build financial confidence with couples (husband)

Plan your household finances together with your spouse. Create an open and honest communication. This will change the attitude of blaming each other (Remember: This is one of the main causes of cracking households) to remind one another what happens when excessive spending. This can also make you give each other credit for the achievement of financial targets that have been your plan together. As a result, encouraging you to be more disciplined and learn to live more frugal.

2. Expenditures, debt / liabilities, savings and Bylaws.

What first comes to mind when you receive income every month? Shopping? Pay debts / obligations? Or save money? If shopping is first come, almost certainly your household budget would suffer a deficit. You need to change that habit. Get used to cut the income to be saved first. This ensures the net cash flow (net cash flow) Your household budget will be a surplus / positive. After that, pay old debts / liabilities.

Make sure that the debt / liabilities decreased continue according to schedule already planned. Beware of interest that apply. Only then did the rest of the available budget is used for household expenditure. By doing the above habits, you will more easily achieve the financial targets as desired.

3. Spending limit agreement.

Make agreements with your spouse purchase a ceiling, for example, USD. 500 000. If there were no purchases above the ceiling, you both agree to discuss it first (not applicable for routine purchases such as monthly expenditure, payment of electricity and others). Beginning, this rule was felt to be too restrictive, but we've shown that this is a major impact on budget savings.

4. Organize your financial documents

Provide a special place for storing financial documents and your important documents and Arrange neatly, so you will be easy to get it if needed. This will encourage you to continue to conduct a review of your budget are made.

5. Understand the needs of life and health insurance

Insurance policy purchased to protect you. To the extent that you have an insurance policy to protect you. For life insurance policies, act as a replacement income if the provider is unable to perform their duties (due to death or disability). Understand how much the value of protection (Sum Assured) you need.

Increased medical expenses that reached 3-5 times the inflation is strong reason for us to have health insurance. Most of the reader would already have health coverage, whether provided by the company, or buy their own. Understand the guarantee facility (coverage) your health insurance, according to your needs. Discuss money life insurance and health insurance coverage with a financial planner or your insurance agent.

6. Meet the needs of retirement

When should we begin to plan and carry out pension funds? Start early. The faster start setting aside funds, will be getting better and getting cheaper funds needed. As an illustration, for the targeted fund of 1 billion 20 years from now, with a growth rate (return) 14% per year, the funds should you invetasikan per month is Rp.760.000, -/month. Meanwhile, when your 10-year delay with the target and the same growth rate, you should set aside funds of Rp. 3.800.000/bulan.

7. Defining financial goals with your partner

Discuss short-term financial goals and long with a partner is a fun time because the union of two of your ideas will create the motivation Ark household pliers while strengthening its foundations. Start with general things, like car purchase plan, installment house and others. Talk out your ideas creatively. For example mortgage plan is completed before the beloved children started school, this will reduce your financial pressures in future. Or do not buy small cars if you are already expecting the arrival of the child before two years into the future.

Do not forget to make your plans in writing that the review could always come back from time to time and most importantly, consolidate your goals into monthly budget plan.

8. Saves = create revenue

When you do a monthly expenditure for households, make it a habit to save the budget. And dedicate the savings to something real. When we first married, my grandmother once advised, "Save belanjamu savings for a birthday gift your children someday." And to the unexpected, we get more than enough for that.

9. Buying for the long-term benefits

Almost all parents welcome the birth of new family members with preparing the crib. How long does the baby's sleeping place? Would it not be efficient if we greet him with buying adult size bed, which will continue to benefit until he grew up.

Good work!

News: World Cup High Insurance Policy

noreply@blogger.com (Author) — Mon, 14 Jun 2010 10:55:00 +0000

This insurance policy covers the property and a variety of possible injury to the soccer star. As a sporting event multimilyar, would not be surprised if the World Cup in 2010 covered by insurance.

The insurance company Lloyd's of London announced that a provider obtain policies worth more than nine billion dollars in guarantees this event. This insurance policy covers the property and a variety of possible injury to the soccer star. Responsible Lloyd's, Chris Nash, said the game of this magnitude requires the availability of insurance, including guaranteed prizes, sponsorship, broadcasting rights and so forth.

Various associations of other football club set up health insurance to ensure their key players who could reach 73 million dollars. Additional insurance for the other core players could require insurance policies worth more than 14.5 million dollars. Other scenarios are also covered by insurance is the cost of postponement or cancellation of games that can be detrimental to the sponsor or holders of broadcasting rights.

Source : www.sabili.co.id

Finance: Financial Restructure When Living Alone

noreply@blogger.com (Author) — Mon, 14 Jun 2010 03:27:00 +0000

No one in this world who wants a divorce, but because of compulsion and / or are following the trend "insane". However, I believe people generally want to live in peace, including with her partner.

However, what if the reality of the other talk and now you belong to a group of people who live alone, divorced spouse or a divorce with your spouse? What are the implications for your financial life and how to get around too it?
In addition to providing psychological and emotional impact, the divorce will not cause you to lose some assets. Treasure what you get after marriage of course should be divided in accordance with applicable law. Moreover, if all this time you and your spouse both work or have an income, of course, after divorcing your income will be reduced. That there lived a personal income of each party. The implication, like it or not, you should arrange your finances again, reviewing financial goals, and redesign of financial planning after your own life. Or at least as long as you have not gotten a new partner.

First, the anticipation of current financial conditions, in both assets and liabilities. Recalculate your net asset back together. In other words, the asset must be first reduced by liabilities. This is very substantial because many couples forget when there was a divorce that will be divided not just wealth, but also obligations. For example, your spouse has a debt to the bank. When the debt is lodged, you co-signed a statement. So, although you are separated, still you are obliged to settle the obligation. Unless there is agreement between both parties that the debt has become one of responsibility. However, if the story like this, the creditor must be notified and the debt must be "mounted" back to the law. The best is actually the first complete liability to various parties, then the remaining assets are distributed to both parties pursuant to applicable law.

STILL in the context of the financial condition, you should soon have a personal savings account in the name if all this time your account at a bank in the form of joint accounts or qq, and during the income you put into that account. This is important because if the distribution of your assets pascaperceraian will be done through the court process, during the waiting period you will be hard to "tweaking" an existing account because one party will not necessarily be allowed.

On the other hand, if you have been using credit cards together or holding an additional card, immediately inform the credit card issuer to terminate your credit card and ask the new person on your behalf singly. For the remaining liabilities of the old credit card, of course, must be solved together as well.

Second, related to the distribution of net assets fairly and in accordance with applicable laws, of course you should mention all of the acquisition of income, assets, and liabilities in a transparent manner to the lawyer-if you use a lawyer or party to become a mediator.

For that, you must prepare all relevant documents, for example, salary statements, estimates the assets you have as indicated on the form of tax payments that you or your spouse do for at least the last five years, documentation of changes in bank savings accounts, insurance policies, documents credit, and other documents. This is important because if there is one document trail, would give the effect continued after the divorce occurs. Not just the possibility of reduced asset values, but more unfortunate is that increased liability.

Third, prepare financial support for your baby. Do not forget, the split is that you and your spouse, but your child still be a part of your life forever. So, the next step which must be anticipated is how to prepare financial certainty for the future of your children. If you have an insurance policy, make sure that the right to receive insurance money is your child and keep the premiums will be paid by you or your ex-spouse.

Fourth, set a new personal financial goals. In this case, you must first get a description of how the value of assets that belong to you. Furthermore, you can create a new target assets and designing how to achieve those financial goals.

If you have enough assets left over, it's good mealokasi assets that are more relevant to your personal characteristics. This is not impossible for your spouse, including people who like to take risks, while you prefer to avoid risk or vice versa.

When all this time you tolerate your partner's personal characteristics because it is associated with a future together, but after a future together is not possible anymore because of divorce, of course you are entitled to make financial planning including investment decisions that are better suited to you.

THAT is really best not to get divorced. Divorce, although allowed, it will reap a variety of new problems. However, if it still can not be avoided, should also be understood that divorce is not the end.

In a financial context, you must create a new financial goals based on your own abilities and no longer rely on your partner as long as you lakoni. Also you have to realistic and willing to revise your lifestyle associated with the financial condition pascaperceraian. *

Quoted from Kompas edition of Sunday, April 11, 2004. Written by Elvyn G Masassya, investment and financial analysts.

Business Inspiration: The Business Probability Theory

noreply@blogger.com (Author) — Mon, 14 Jun 2010 02:56:00 +0000

Although both of the opportunity, but different attitude. In the science of statistics, the odds of an event forced quantized. Expressed within the confines of percentage. The higher the percentage, the greater the chance it happened, and vice versa. It is said that statistics was born from the womb of the gambling places. A form of business from gamblers eminent formulate his luck.

In the study of statistics or gambling, or the attributes option is always available [eg red marbles in a bag blue danb the amount of each is different], then the percentage chance is attached to him. And when finally the betting should be done [a procession of making a marble from the bag], then surely that is suggested for the number of marbles bet more because it attached a greater percentage of opportunities.
In business, often no such condition was. To reach the profit / fortunately, there is almost infinite options / attributes in the market. We're the one who then had to choose some of them just to ease the localization of action. After several options available, it is not easy to attach the percentage scale on each. Karena indeed, the success was indeed located in one of the choices we have this grimy, can also be combined in some of them, or in all but the percentages vary, and may also not at all. Which are beyond the choices we make. Tercomot not escape. There are times when only one option available, and the 'psychological' we judge it is also very little possibility of success. If it's only one option available is only for the possibility of success, albeit very small, actually consider it an opportunity for us to be 100% successful. There's no other way. The whole effort / efforts should be 100% devoted to him. Not only because there was no other choice, but in the business: failure is not eternal. Origin of our tough and relentless, often the failure of success is just waiting for the bridge.

In addition, business opportunities in an action are mutually dependent events to pegambilan decisions and subsequent actions. Whenever there are five pieces in a bag of red marbles and four blue marbles and fruit on successful betting is drawing red marbles, then on the first opportunity we are 5 / 9. When it is drawn is blue marbles [fails], then when the marbles have been drawn not reinstated into the bag [not repeat the same failure like a donkey that fell the same hole a second time], then the next decision on processions, the odds of success we [drawing a red marble] increased to 5 / 8. Failure could be viewed as an attempt at closer we are trying to achieve success.

Then if we successfully took the red marbles, then did then actually reduce our chances for success next? Yes if the above statistical terminology. Or at least not going to change the opportunities when then red marbles to be returned back into the bag. But in business, often a success will open the way to the door of the next success. Successful attributes that were previously hidden [a collection of pink marbles into categories of success and no previous terkategorikan]. But if we can not add new categories of success, sometimes success is indeed lower the chance of subsequent successful [in business we recognize it as a condition of stagnant or zero-growth]. Or if we're really lucky, sometimes success can be repeated with almost unlimited, as in the business of its stable level of demand from time-to-time. Some restaurants with various cuisine menu is a classic example.

Hopefully enlightening.

Articles: Designing the Future with Sharia Insurance

noreply@blogger.com (Author) — Mon, 14 Jun 2010 00:08:00 +0000

Do not you wasted your life. Are you still at the age of the 20s already have a design life for the future? I'm sure not everyone has the design, like what 5 years, 10 years even 20 years to come.

Why do we have to design the future as early as possible? Certainly in the future in order to live a rich, prosperous and prosperous.

When I went to a bank. I served by a customer service which is very beautiful and there next to my father who is a pensioner who was about 58 years. He has new plans to save (read invest) money pesangonnya Rp. 150 million (One hundred and fifty million) and deposited. Results deposits to be used for living expenses besama beloved wife.

Once in the reckoning by the customer service then the father was going to receive a net of about one million only. Hearing the words of the father's customer service had bowed wearily, as if in disbelief. Swinging the annual Bone worked for decades more, but in his old age not only with money more than 1 million a month, to live with his beloved wife!

How about Rp 1 million each month for the life of the old days with his wife, who turned 60 while diusia's health condition has declined, and indeed requires the extra health costs.

Try to imagine, how could all needs are met within a month with money only USD $ 1 million? At that moment I felt sorry to see the father was, whether he must work longer to satisfy their needs? Until when? or to request financial assistance of her children.? I think even this is not possible, what parent wants her child to be a burden?

Since the incident earlier, I am increasingly aware that the fund set up as early as possible is something that MUST be done. So the days Pension funds will be at least USD 1 billion could be achieved, with a USD 1 billion, we can receive money for 6 to 8 million a month. And I think this enough to live with his beloved wife in the old days later, beside the Health Facilities and Equipment Guaranteed.

Then how to make money 1 billion and get the Health Protection Guarantee? Investment in Insurance Sharia is the answer.

As an example is, a 28-year-old by setting aside funds to invest each month at Rp 500,000 to Account Insurance for 25 years. So at age 55 years will be made available funds amounting to Rp 1.1 billion more (assuming investment growth of 15%). Imagine with Total Capital is only Rp 150 million (USD 500 thousand x 12 months x 25 years) are able to produce more dar USD 1.1 Billion in 55 years of age. That's one of the wonders invest insured as early as possible. For those of you who want to get better results can certainly save money with a larger amount.

And not only that which obtained when investing in insurance bill, because there are other facilities, namely:

A health facility / inpatient
Critical Illness
Protection of Total Permanent Disability and Accident
Facilities Commons Premium / investments followed by the account of this when there is risk Insurance Critical Illness such as cancer, stroke, heart attack and kidney failure.
Sum Insured when moving world of close age.

So by investing in insurance accounts have three things that we can get, namely:

Rich and Prosperous Retirement Assurance, Health Protection and Worship (because by following the Islamic insurance, means that we have helped to help people who need / claim).

So what are you waiting, immediately open account Sharia-based insurance as early as possible, consistent in investing, and do not easily see the behavior of market panic and stay FOCUSED on your long term goals. God willing, your future will Gemilang.

Happy Investing in Shariah-based Insurance Account

Business Inspiration: Investment is The Best Money machine

noreply@blogger.com (Author) — Sun, 13 Jun 2010 23:51:00 +0000

In principle, everyone is working to generate revenue. With that income, the needs of daily life can be fulfilled. Home loan installments, vehicles or debt could be paid with the income. And not least, with the income you have then you are reasonably able to prepare a better life. One such realize financial freedom and keep you rich.

To achieve financial freedom is, inevitably you have to make an investment on an ongoing basis. One of the best money machine breeders investment is to invest in insurance. Insurance ... Why?

Because insurance gives you the two assets at a time, namely: Asset EQUIPMENT which is a warranty / guarantee given by the Insurance Account once you have insurance and asset management accounts GROW breeder who is a money machine that will help achieve your financial goals for the future.

Up here you already know about the benefits of this insurance ..? or still confused ..?. Okey, I'll explain slowly. I take the example:

You are a man with 32 years of age. When you set aside funds every month for USD $ 2 million and invest in this insurance account until the age of 55 years, then he will get two assets at a time, namely:

1) Fixed Assets which is a warranty / guarantee which will be obtained when in possession of this Insurance Policy. Those assets include:

Funds valued at USD 600 million which will be given to the family / next of kin, when there is a risk to move the world.
DanaKesehatan worth 150 million each year, while undergoing treatment at a hospital
Fresh funds worth Rp 100 million each year or Rp 1 million per day as a substitute for Income / Revenue, while undergoing treatment in hospital
Fresh funds for the treatment of critically ill valued at USD 200 million, when there is the risk of critical illness, such as stroke or cancer.
Free investing / saving money worth USD 24 million per year until age 65 years, during critical illness.
Fresh funds amounting to Rp 400 million for permanent disability
$ 1 Billion Fund for the family (Wife, Son or Heir), when he moved the world by accident.

2) Property which is the engine Breeder Growing Your Money.

You'll get results on your investment of Rp 2.5 billion, when the machine is capable of generating an average return of 15% annually. It is remarkable not.

So when you already have auto loans or mortgage, installment Have immediate Investing for Your Financial Freedom.

"If you born poor it's not your fault, But If You Die New Poor's your fault"

Articles: Smart Step Wealth Building Pipelines

noreply@blogger.com (Author) — Sun, 13 Jun 2010 23:32:00 +0000

Being rich is a choice, not chance. Do You Agree ...?

Maybe not everyone agrees. However, it could be thought to be true. That is, anyone have a chance to become rich. Anyone can become millionaires if want to do three simple steps. Although simple but in fact many are not able or, more precisely, unwilling to take such steps or ACTION.

The first step is to understand, that is to understand clearly how to obtain and accumulate wealth. Many wealthy people who are not academically smart. But they have a financial intelligence. That is, they can tell which assets and which are not. Everything you owned would be called an asset when making money for them.
Sometimes we think the treasure that we have called an asset, but it's not. In fact they suck up our money. Houses for example. The house that we live in every year will cost to repair. A financially smart home does not mention anything like this as an asset. A house is an asset would say if he earns money for their owners. For example: The house that rented or used as a boarding-kostan. So long as a house do not make money, then he could be called an asset not a liability but still.

Step Two is to imitate. By imitating the systems of wealth creation that has proved its value, you also can become rich as any other millionaire or billionaire. One form of the system is creating wealth by making investments, one investment in INSURANCE. By investing in insurance is not only the money you are going to reproduce, you will also get PROTECTION facility, so that your income potential, your Pension Plan and Education Fund son / i you will be assured. Enough with the USD 16 thousand per day (equivalent to a lunch portion) you may have and Protection of Investment Account in one Account. Not only people with money have much to invest, those who have money can do it at all, so the money is not a lot of people who want a serious and committed origin will also be used to set aside money to invest, ONLY 16 thousands of Lho .... You certainly CAN.

The rich and the poor alike have the need. But their needs are not the same. Because of his lifestyle, the rich need more expensive. Both have cars, the wealthy are more expensive car and of course maintenance is also expensive. If poor people eat at the stall so rich people eat in restaurants. More and more people have the wealth, the more the amount of expenditures. Thus, comparison of income and expenditure between the rich and the poor are basically the same.

The third step is consistent. Be consistent in applying systems of wealth creation over time. You have to be disciplined. Do not stop in applying a proven system that is doing well and continues to seek new systems are different.

People who have this system as a drain pipe has a wealth of ongoing and there is no end to the buckets into their revenues. While those who rely solely on income from wages or pay someone else stands for those who enjoy the income bucket would someday run out. And no matter how many buckets they have. So if you people are born rich, but does not build up wealth creation system, then you are just waiting for the arrival time of bankruptcy.

Not simple enough. Remember, the key words are: understanding, imitation, Consistency. Only by running the third step, the ordinary people, including you, including me, have the possibility of obtaining an abundance of assets. It's up to you, would or not perform these steps. ACTION Come together.

Articles: Ranking Of The World's Largest Insurance

noreply@blogger.com (Author) — Sun, 13 Jun 2010 20:34:00 +0000

List of the world's largest insurance companies.

There are several insurance companies in the world that develop business in Indonesia. Insurance companies are covered under the listing of the world's largest 500 companies by FORTUNE magazine. Sorry, none of Indonesian companies included in the list. Therefore, it can be imagined how big and strong that the next insurance company providing security at the customer.

Of all the world's insurance companies in Indonesia, the insurance company Allianz is the world's largest by assets. In this table is sorted largest asset No. 1 to No. 11 is a NON insurance company, then the sequence number 11 and onwards asset is an insurance company there is now a leading joint venture in Indonesia.

Company	Country	Asset 2006		Revenues 2006		Profit 2006
Company	Country	$ mil	Rank	$ mil	Rank	$ mil	Rank
UBS	Switzerland	1.963.245,8	1	107.834,8	27	9.776,6	29
BARCLAYS	Britain	1.950.861,7	2	65.609,1	83	8.410,0	40
BNP PARIBAS	France	1.899.308,3	3	109.213,6	25	9.169,0	34
CITI GROUP	U.S.A	1.884.318,0	4	146.777,0	14	21.538,0	5
HSBC	Britain	1.860.758,0	5	115.361,0	22	15.789,0	11
CREDIT AGRICOLE	France	1.820.615,2	6	128.481,3	18	8.975,8	36
ROYAL BANK	Britain	1.705.523,1	7	80.983,0	54	11.762,2	22
ING GROUP	Netherlands	1.617.069,7	8	158.274,3	13	9.650,8	30
MITSUBHISHI UFJ	Japan	1.586.101,7	9	52.101	118	7.532,2	44
DEUTSCHE BANK	Germany	1.485.103,2	10	96.151,5	35	7.510,3	45
BANK OF AMERICA	U.S.A	1.459.737,0	11	117.017,0	21	21.133,0	6
ALLIANZ	GERMANY	1.388.836,5	12	125.346,0	19	8.808,9	37
AIG	U.S.A	979.414,0	23	113.194,0	23	14.048,0	16
AXA	FRANCE	959.390,4	25	139.738,1	15	6.379,9	60
PRUDENTIAL	BRITAIN	423.762,1	57	66.133,5	79	1.608,0	261
MANULIFE	CANADA	308.587,0	70	30.136,9	219	3.499,0	149
SUNLIFE	U.S.A	162.084,9	111	21.405,4	333	1.883,4	235

Source : www.agenasuransi.net

News: BCSC Approve Cancellation of Acquisition of Prudential Against AIA

noreply@blogger.com (Author) — Sun, 13 Jun 2010 20:23:00 +0000

Source : www.detikfinance.com

By : Suhendra

Jakarta - The Business Competition Supervisory Commission (BCSC) has received official notification of the cancellation of the related acquisition of Prudential's plans against American International Assurance (AIA), which has been canceled. Thus all the notification process of the AIA Prudential action plan has been terminated by CBSC.

"On June 4 there was a letter from legal counsel (Prudential), which revoked the notification was canceled because of its global acquisitions. The assessment itself suspended," said Head of Public Relations CBSC Junaidi Ahmad when contacted detikFinance, Tuesday (08/06/2010).

Junaidi explained before Prudential has reported its acquisition plans (notification) to CBSC against AIA on March 31, 2010. CBSC itself, continued Junaidi, has conducted initial pemeriksana including the examination of documents and conduct a thorough assessment of corporate action plan that eventually fell through.

As is known British insurer Prudential to cancel its intention to acquire a subsidiary of American International Group (AIG) is the AIA.

This acquisition plan foundered after AIG Prudential refused requests to lower the acquisition price of U.S. $ 35.5 billion (29 billion euros) to U.S. $ 30 billion, due to requests from shareholders.

In a statement, Prudential said the acquisition bid will be canceled, and Prudential will pay a cancellation fee of more than 152 million pundsterling plus legal fees amounting to 81 million pounds.

News: The Entire Population Of Indonesia Will Got 5 Social Insurance

noreply@blogger.com (Author) — Sun, 13 Jun 2010 20:15:00 +0000

Source : www.detikfinance.com

By : Herdaru Purnomo

Jakarta - The establishment of social insurance agency began to discuss the government. Capital Market Supervisory Agency-Financial Institutions (Bapepam-LK) is currently completing the implementation program of the National Social Security System (National Social Security System).

If this can be realized then the entire community will get five courses SJSN form of health insurance, the guarantee of death, accident assurance, pension and retirement security.

Head of Insurance Bureau of Bapepam-LK Rachmatarwata Jesus said it has completed the preparation of a white paper (module) on a strategic framework for the design of governance and administrative programs SJSN.

"White papers have been completed, will be brought to the Chairman of Bapepam-LK to then proceed to the Minister of Finance," Jesus said in the workshop on the implementation of the National Social Security System (National Social Security System) in the House of Bapepam-LK, Tuesday (06/08/2010).

According to Jesus, SJSN very important program to be implemented in Indonesia. Law Number 40 Year 2004 on National Social Security System, he added a commencement milestone comprehensive social security system reform in Indonesia.

"Reform of social security programs currently available is important because the implementation of applicable regulations is still partial and overlapping, the benefits of the program is not optimal and limited the reach of the program, and only touch a small part of society," he said.

The same place, Former Dean of the Faculty of Health University of Indonesia who is also a Member of Editors Draft Law SJSN Hasbullah Thabrany tells Bill about Social Security Provider Agency (BPJS) which is the initiative of the Parliament has been completed.

"House of Representatives Commission IX through completed bill that would BPJS there an agency that will be responsible for the care of social security programs nationally," said Hasbullah.

So, go Hasbullah, IX Commission will discuss with stakeholders and government in the near future. Therefore, according to Hasbullah later people will get social security or like social insurance.

BPJS, according to Hasbullah will manage all contributions which will be imposed for people who can and who can not be borne by the government.

"In 10 years kedepam, these agencies will be able to manage the fund up to Rp 500 trillion to guarantee all the people of Indonesia in the near future if it can already formed," he said.

Articles: Ten Points About Life Insurance

noreply@blogger.com (Author) — Sun, 13 Jun 2010 20:04:00 +0000

If you do not understand about life insurance, here are 10 important things you should know about it. Here are presented by experts in CNNMoney.com about life insurance:

All policies fall into one or two camps. There is a term policy or a pure insurance cover. There were several variants of the whole life (life insurance), combined with a pure investment product with term insurance (term insurance) and make a cash value.
Insurance is sold, not bought. The agents selling insurance products sometimes by exaggerating the product, because they expect a high commission from the sale of a life policy. In addition the level of competition in the insurance industry also is increasingly tight.
Whole life is expensive. Policy with an investment component cost many times higher than the policy term. As a result, people who buy whole life often can not receive an adequate current rating, leaving them under the insurance.
Whole-life policy is built on assumptions. Agent presents estimates in the future, not the reality. Some companies defend this presumption of return in the future on the high side to attract more buyers.
Take care of insurance and investment are strictly separated. There are better places to invest and without the high commissions of the policyholder for life.
Buy enough to fill the term of protection you need. Insurance is not the place to skimp, especially with the tariff in history is always low. Use a calculator to get a rough idea how much insurance you need.
Customize your policy term as required. You want a policy that will cover as long as you rely on savings or for retirement income.
Buy now healthy. Parents in general health was not in the best position, they must pay a higher rate of life insurance. So buy insurance as early as possible as you can, do not wait until you start to depend.
Tell the truth. Just point out the facts on your application. And make sure if you made a claim in large numbers, the company will conduct an investigation prior to paying.
Use the Web to shop. Buying life insurance has never easier before there was internet presence. You can get many answers from a website, without the hassle of sales agents.

Articles: The Other Side Of Insurance Broker

noreply@blogger.com (Author) — Sun, 13 Jun 2010 20:01:00 +0000

In the insurance business, the broker's name or the term is no longer a rare thing to hear. Because the development of the world insurance industry in Indonesia is also influenced by the presence of brokers. In theory, the broker is identical with friends insureds, where the usual broker or insurance broker referred to as the insured from the start always helps the insurance process until the termination or expiration of a claim from insurance.

But often the prospective insured or those who want not to understand the usefulness of insurance brokers, so often companies or individuals who feel lost coverage insured object or misled by the obscurity of the content or procedures which are guaranteed coverage under the policy whether or not included in the warranty policy. So that not infrequently also on the time of the loss, the insured is unable to withdraw his claim and this has become a bad impact for the "image" the insurance company.

The below represents the benefits from the broker:

Risk Analysis
Insured shall obtain information about Term & condition, type of protection, area security, security of insurance.

Premium
More competitive, because some insurance companies' activities have been carried out by the broker

Size Guarantee
Size insured guarantees will be made in accordance with the needs of the insured appropriately and accurately, not excessive swelling of the impact of premium costs or not too short of that in future there is a loss that is not listed as collateral for insurance policies

Insurance Placement
Placement of risk to insurance companies based on technical capabilities, additional support from reinsurers, and service claims quickly and accurately.

Administration
Assist the insured in settlement of claims, such as: surveys, preparation of supporting documents, negotiation, and payment reinburst.

Claim
Assist the insured in settling claims handling, including the administration of data and accelerate the disbursement of claims

With such understanding the above description of the insured is expected that the candidates can take advantage of brokers with the best possible service.

Articles: Financial Planning for the Future

noreply@blogger.com (Author) — Sun, 13 Jun 2010 19:47:00 +0000

It has become a common phenomenon that many of our colleagues, or the people around us who often complain that their financial condition messy.

Total debts were mounting and exceed their income, even exceeding the amount of assets owned. In such a condition that usually becomes the scapegoat is the small amount of income they have.

Though the actual root causes rather than just being on the income side, but the failure to manage finances. Many of us who have no financial planning, never even thought to plan for the financial condition, let alone in the future.

Financial planning is actually an essential activity that must be done by everyone and this is what will differentiate between groups of people who always stuck by the lack of liquidity and a group of people who can enjoy life. This paper will attempt to discuss in a simple, how one should begin to plan financially.

Diagnose the financial condition
The first step that needs to be done in preparing the financial plan is to diagnose the condition of our current personal finances. Must be considered in diagnosing the financial condition is the amount of total revenue, total expenditure, the amount of assets and liabilities are debts that we have.

In general, it is clear that the amount of total income must not exceed the total expenditure. For people who have a fixed income each month so could easily be estimated in total revenue in one year, including non-regular income such as holiday allowances and bonuses. And the spending should be governed not exceed its total regular income.

Non-routine income should not be allocated to bear the total expenditure, but must be allocated for investment purposes or to strengthen an emergency fund. As for people who have the type of income variable (not fixed), the total expenditure should not exceed 80% in average income.
Next postal matters more is the lessee. We often mistakenly defined the asset in relation to financial planning.

Real asset is anything that gives the results or our support of productive activities. Simple example is the house we live in and the vehicles that we use can be classified into an asset because it supports our productive activity, while the villas, stereo sets, acoustic guitars, golf clubs and a second vehicle which we rarely use, certainly not an asset category. Savings and investment is one of the real intentions yielding assets.

Debt is a plural thing done and really not something to be feared. Debt is essentially adding our purchasing power by appealing to our revenues in the future into the present.

Matters more in terms of debt is the type and amount of debt repayment obligations that must be our responsibility. Home loans and productive vehicle is clearly a type of debt is reasonable and can be tolerated, but credit card debt is a type of debt that absolutely must be avoided. Interest rate credit card debt reaching an average of 35-48 percent per year and this is clearly a burden our financial liquidity.

Considering the high interest rate credit card, then use credit cards to be aware of the extent for the sake of practicality and convenience only and not to increase our purchasing power by way of debt.

In terms of managing debt, the total amount of our debt repayment obligations should not exceed 30 percent of our total revenue. When we get stuck on the condition of the obligation to pay debts that exceed the threshold, then the debt restructuring should be carried out with absolute priority to the debts that have high interest, such as credit card debt, unsecured loans and the like.

Own Emergency Fund
The second step in preparing the financial plan is to check the availability of emergency funds that we have. Emergency fund is a fund which should be available at any time if unforeseen expenditures arise.

Many people do not think the availability of emergency funds in their financial planning, so that when the unexpected expenses that often do is increase the purchasing power by creating debt, and the usual type of debts is debt with high interest rates such as credit card debt and credit / loan without collateral.

Whereas it is clear that actual debt should never be used as pledge to cover these unexpected expenses. This is where the importance of the availability of emergency funds, so we are not trapped high-interest debt.

The amount of emergency funds to be held in the financial planning varied, ranging from 5 to 20 times our total monthly expenditure, depending on the load that we bear. When we were still single, then simply have a five-month emergency fund total expenditures, while more and more members of our family, the greater the emergency funds that we must prepare.

Simple criterion is that each member of the family who became tanggunan we must have an emergency fund five months of total expenditure. So that when we're married and have two children, then the total amount of emergency funds that we have is 20 times the total monthly spending us. This emergency fund is not an investment category, but this emergency fund must be invested to expand.

Types of investment options for an emergency fund is an investment which are liquid and have a level of investment risk is relatively small. Investment in an emergency fund is not for the purpose of growth but rather on the availability at any time and are not cracked by inflation. It must be realized that the size of this emergency fund should be increased in line with the increase in our standard of living.

Make a List of Expenditures
The third step in preparing the financial plan is to create a list of expenditures. At this stage the absolute do is check for this type of expenditure which we live.

Broadly speaking the types of expenditure can be divided into four sections, namely the obligation to pay debts, expenses such as routine household expenses, electricity, telephone, etc., investment and personal expenditure.

As already explained in the first step above, the obligation to pay the debt (repayments) should not exceed 30 percent of our total revenue. And this is the first priority must be placed on the expenditure side.

Defer payment of debt obligations will only lead to the creation of new debt opportunities in the future that have a higher interest rate. The second priority is to manage expenditures in the regular expenditure.

Must be clearly distinguished between routine expenditure and personal expenses. Routine expenditure is the kind of expenditures that absolutely must be done to support our productive activity, could not be saved without degrading the quality of life and can not be avoided, while personal spending is the kind of expenditures that must be sacrificed if there is a decline in income.

Routine expenditure must be maintained in the range of 50 percent of our total revenue. When the routine expenditure has exceeded the threshold of 60 percent of our total revenue, then we do not have the opportunity to invest.

As a result we will lose the opportunity to improve the quality of life in the future. So when a routine expenditures are nearing the threshold, we must work even harder for us to increase total revenue.

Investments must also be a priority in the allocation of "expense" we. This investment is useful to improve our quality of life in the future. Investments will acquire assets that we have and be a source of passive income.

Investment culture should be done early start, how kecilpun our revenues. The amount of the allocation "expense" for the minimum investment is 10 percent of our total revenue. In order for this condition is reached, the allocation of investment rather than from the rest of our income after deducting the expenses, but had been allocated as soon as we receive revenue.

Please understand that investing is not the same as saving, because saving only provides asset growth rate is relatively very small. The younger the age of our greater weight (percentage) our investment in investment instruments that can provide a high return rate to support our financial future.

It must be realized that the investments that give high returns but have always had a high level of risk and the risk level should be fixed in accordance with the characteristics of our risk tolerance. The more established the condition of our economy, then the asset allocation in the form of investment must be getting bigger, until, in turn, we can achieve financial freedom if the results we receive from our investment in working assets have exceeded or at least close to the results of our productive work.

Personal spending is the only type of expenditure which may and should be sacrificed when there is an increase the percentage of expenditures in the three headings of other expenditures. Postal delays and reductions in private spending will not reduce the quality of our lives and not harm our financial condition in future.

This is clearly different if we reduce our expenditure allocations to the three headings of the first expenditure priority. One way to control personal spending is to open a special account at a bank that is used to support these personal expenses and the account contained only the remainder of our previous month's revenue after deducting the total expenditure is our third priority expense items that should not be rescinded.

This special account used to fund personal expenses so as not to undermine the three headings of expenditure priorities. With the existence of a special account, then we also did not bother to calculate the allocation of personal expenses that may be performed.

Once we fix our financial situation then we should enter the fourth step, which is planning a short-term financial goals and our long-term. In determining the short-term financial goals and long-term financial goals should be clearly outlined to be achieved and the range of time to achieve it.

Target goals should be realistic and of course adapted to our conditions. Long-term target and then broken down into short-term targets and strategies for achieving that goal.

One of the most decisive factor of success in achieving financial goals is the commitment and order us to obey pre-determined strategy. Financial planner professional from the banking world can be engaged to organize our financial goals.

Hopefully, this paper provides inspiration for us to rearrange and improve our personal finances. Happy investing.

Articles: Being a businessman who Dare to Take Risks

noreply@blogger.com (Author) — Sun, 13 Jun 2010 18:23:00 +0000

Business competition so hard out there. Each of the companies, especially Small and Medium Enterprises (SMEs), need a leader who can think ahead and dare to make a decision despite the risk. Here are 10 strategies Renee Martin, author of The Risk takers: 16 Women and Men Share Their Strategies for Success for Entrepreneurial leaders who want to try to take risks for the progress of his company.
1. Go hunt for special market Identify and meet the needs of niche markets (specialty) that had been left by a competitor. Build a superior ability of your company. Remember, a large company can not offer everything to everyone. Most niche markets too small for them to consider. Take the missed recesses of these.
2. Find a new trend and get in Find consumer needs arising from changes in cultural trends, economic, or technological opportunities in new markets mensinyalkan. Act quickly, do not be tentative.
3. Start! Stop making excuses for not immediately launch your efforts. The most appropriate time to launch a business can never be predicted. Do not allow your prospect to beat competitors to steal from the start. Start moving. Prepare a short-term goals and deadlines that can help you get closer to opening your business.
4. Get rid of the conventional advice No need to put in every heart that what people say, "would not work, deh," or saying, "no one has ever tried it that way, you know." Occasionally, there is nothing wrong to swerve a little from the formula and how the existing standard business references in the text. Consider the ways the practitioners in the industry is trying to build their business with a hiperkritis outlook. Learn in depth from various perspectives, and wake up the worst possible scenario happened.
5. Exploit your competitors weaknesses and make it become your strength Take a critical perspective of your competitors from the customer perspective. Listen to needs and complaints from a prospective customer is received by the sales. This will help identify weaknesses and lack of competitors. Search for eliminating the weaknesses of your service or product, then make sure your company is better in that regard.
6. Filling a niche It is important to be able to identify markets and their needs. Especially in areas beyond the reach of competitors A NDA. Learn how to anticipate new areas which will likely there will need servicing and the position of your business one step ahead of competitors.
7. Save money and make sure you get the exposure without too much spending money How can you sell goods or services if there is no one who knows your product? Currently there are many ways to make your company known. One is with the ad. However, what is called the ad, all companies would say that their product is number one. Another way is to use public relations (PR). PR is the way how to build the image of an institution or a person from a different angle, but not as hard to sell ads. Try searching for ways and looking for more information about this.
8. Trust instincts Wake up and learn how to use your intuitive power. Intuition, in addition to precise calculation is the most valuable asset to face market competition. When the pressure was rising and threatening disaster, and everyone recommends that you play safe, it is important to trust your instinct to start moving.
9. Do not let adversity or failure to discourage Do not let the limitations of other people or circumstances in your position that you do not want. As an entrepreneur, you must have been through stressful moments that test your confidence. Resist with perseverance and endurance. Believe in your business idea and a commitment to see your business forward.
10. Do not stop innovating Look for ways to introduce new products and services to your existing customers and new market niche that you get. Think, that complacency as a threat to extend your company. Never complacent.

Tips: When To Purchase Health Insurance

noreply@blogger.com (Author) — Sun, 13 Jun 2010 18:12:00 +0000

Through several insurance plan you choose, there are always limits to the planning and before making the purchase of health insurance plan for your company, there are several references that must be considered.

It is also important to understand, the kind of features and benefits provided by the health plan you purchase. In some cases, the health plan will be presented regarding health insurance benefits. For more detailed information, you need the help of your health insurance representative.

To help you make a decision among several health insurance plans. Here are some questions and tips that can help. Questions and tips will keep you on your plans which have been planned earlier.

• What happens to the claim?

Traditional health insurance plans require employees to collect claims for reimbursement. How quickly claims can be handled well?

• What is the focus of expenditure out-of-pocket?

Are there any expenditures for different types of health care? Will be reduced?

• Are there any restrictions?

Know which services are covered by health insurance plan you purchased. Make sure you ask about your health insurance coverage limits.

Do check with the insurance department in your country and look at every complaint that generally occur. Do check any insurance company that handles all complaints properly. Do not pick a bad company in the handling of a complaint. Good luck!

Tips: Choosing an Insurance Company

noreply@blogger.com (Author) — Sun, 13 Jun 2010 18:09:00 +0000

Choosing an insurance company for your business is an important part in your business life. Once you have chosen an insurance professional, you will need to make a different selection policies and programs offered by different insurance companies. Here are some things in choosing an insurance company for your business.

1. Price, stability and service
Price, stability and service are three important things in choosing an insurance company:

• Pricing
The cost of coverage can vary from one insurance company with other insurance companies even though there are no different coverage. However, it is an important consideration is the company provide a sense of comfort for you.

• Stability
When insurance companies fail and the results can be dangerous. Companies rated for their stability through a variety of rating services like AM Best or Standard & Poor's. Make sure the company has the best rating of B + or better.

• Services
You surely want the insurance company with an impeccable reputation for customer service.

2. Registered in your country
You need insurance companies with physical locations in your country and registered to conduct the sale in your country. Sometimes, smaller insurance companies will sell insurance policies in your country. You can do a search on the company website listed in your country.

3. Choose the counsel provision
Some insurance companies have the choice of counsel provision in the policy that protects consumers in cases of law enforcement. This can be a valuable option and is only available for a higher premium package.

4. Select a market leader
Insurance business in each market fluctuates. Avoid fluktuasu market or companies that offer them new deals due to come into the market. Select a market leader who at least have survived for at least ten years.

Congratulations to the selection of insurance companies!

Tips: Choosing Insurance Loss

noreply@blogger.com (Author) — Sun, 13 Jun 2010 18:04:00 +0000

Having a car in today face huge risks, not just because the price of an increasingly car skyrocketed, but also the cost of maintenance and repair. The potential risks faced by car owners were also getting bigger, especially in big cities like Jakarta.

Imagine how difficult it is when suddenly your car breaks down the street, or have an accident, scratched or hit by another car while parking. Can imagine how much money must be spent for repairs. The potential risks not just lurk in the streets alone, despite the potential risk of losing your home there is also a car for example.

Share the burden of risk is the best alternative for car owners to ease the burden. Especially now that many car owners who have cars with installment credit alias. Risks must be larger, so that vehicle insurance can be a prime choice for car owners to share the burden if the damage happened to the car owned.

With motor insurance premiums to pay only a few hundred thousand rupiah, car owners can repair damage to his car that costs could exceed the cost of motor vehicle insurance premiums paid by each insurance company offered bulan.Kemudahan vehicle is certainly very helpful owner of the car who did not want to be bothered with matters that occurred top of his car.

Car owners may entrust the matter to the motor vehicle insurance companies which will gladly take care of everything till the end. Starting from a tow truck when your vehicle broke down, repairs vehicles transport the money supply even if the time needed to repair the vehicle is far longer than expected.

Not too difficult to get insurance companies to cover the risk of motor vehicle. Of the approximately 104 general automobile insurance companies, nearly all of them have motor vehicle insurance. Although many companies offering motor vehicle insurance, car owners also got to be extra careful choosing a motor vehicle insurance companies will follow.

Do not be fooled by the cheap price premiums for example, continue and then you decide to take the relevant insurance. Precautionary principle should be used in selecting the motor insurance that you do not regret later.

Car owners who insure their vehicles should pay attention to what things are covered by an insurance company that will follow, before deciding to purchase a policy the company concerned. Because there are rarely disappointed when the car owner to claim that it was not as easy as promised initially.

Tips: How to Lowering Your Insurance Premiums

noreply@blogger.com (Author) — Sun, 13 Jun 2010 17:58:00 +0000

Lowering business insurance premiums is an ongoing process. Here are some ways to review the premiums and your business to lower your insurance premiums. This review is done annually. Here is beberpa steps for lowering your insurance premiums.

Make sure you have copies of the overall policy and perform the update file your insurance. Begin your review by looking at your insurance file. If you do not have a current file is the best time to start. Make sure you have copies of the entire policy on your file and easily accessible when needed. Organizing is the first step to reduce insurance premiums.
Compare the names of the insured and the employees who work on your key. This step involves reviewing the names of the insured and key employees identified in the policy to meyakinakan those people still working at your company. Many employees fail to make adjustments when the employees were gone.
Look at the coverage that is not relevant. Business change and may change dramatically. Some coverage may not be needed long. For example, if the portion of your business is closed, the operation changed, and you may choose to outsource, it indicates that the scope of your business can be eliminated.
Classification of your workforce properly. Significant savings can be achieved when assured that your workforce has been classified correctly by workers compensation. Your premium is based on the type of worker you are using.
Discuss with a professional insurance premiums, many businesses do not take steps to explain to the insurance professionals whether they want a better rate. Discuss your premiums in detail and ask for a better rate levels.

Hopefully this article can reduce your premium rate. Good luck!