New Year's Smart Resolution, Keep Financial Security With Your Insurance Policy Review And Update

Photo: Special

JAKARTA - The end of 2024 will be the right moment to evaluate finances thoroughly, as well as establish new financial resolutions that are more relevant to our needs. One of the important steps that are often neglected is to evaluate the insurance policies we have, including the sharia insurance policy.

Why is this important? Because the necessities of life can change over time, such as changes in family status, health conditions, or work situations, so that previously felt adequate protection may need to be updated to stay in line with current needs.

Here are tips for evaluating the sharia insurance policy periodically and maintaining your financial security by 2025:

1. Review Protection Needs

Each stage of life brings changes, such as the addition of family members, changes in income, or additional protection needs. Make sure your Policy is relevant to the current conditions, both in terms of coverage and additional types of insurance (riders). In addition, reviewing insurance policies regularly will help ensure that your protection remains relevant to the growing needs and conditions of life.

2. Make sure the Policy is Active

There are various factors that cause Polis to be inactive (lapse), such as the lack of understanding of the functions and benefits of the insurance they have, lack of understanding of various contribution payment methods consisting of automated cash payments, bank transfers, and payments, or negligence in considering the maturity of payments. In fact, an inactive policy (lapse) can result in a loss of protection. To avoid this, make sure you understand the functions and benefits of the insurance you have, as well as pay on time to maintain the continuity of the Policy.

But there is no need to worry if your Policy is not active, because you can apply for a Policy recovery by contacting the Marketers.

3. Make sure to always updating your Personal Data

Filling in the correct personal data according to the current conditions is an important step to support the smooth running of the insurance process, both when registering and when submitting claims. This personal data includes your address, occupation, income to your medical history in the Polis. Make sure the data is in accordance with the current conditions, because the discrepancy of the data at the time of filing claims has an impact on the verification process, such as the claim process being hampered or taking longer.

So, make sure you have included the correct and valid data with the current conditions, so that the claim process will be much easier for you.

4. Adjust Investment Risk Profile

For those of you who want to invest as well as have protection, of course you already have Insurance Products Associated with Investment (PAYDI) which is an insurance product with the benefits of protection and investment in one product.

To ensure that you receive optimal benefits, evaluate your investment risk profile according to the financial target by 2025. This can be done by identifying your financial goals and coordinating short, medium and long-term targets. In addition, it should also be necessary to adjust your portfolio to remain optimal.

5. Take advantage of the Right Insurance Products

To welcome 2025, it's a good idea to start planning finances wisely in order to face possible economic challenges, as a result of global economic conditions.

Some useful tips, such as cutting unnecessary expenses, increasing financial literacy, also increasing emergency savings to anticipate unexpected situations, you can do to increase financial resilience. As a complement to your financial planning, Prudential Syariah has several insurance products that can provide comprehensive protection and are in line with your needs. Here are some life and health insurance recommendations from Prudential Syariah:

PRUCritical Trust: A sharia traditional life insurance that provides comprehensive protection benefits for the risk of critical diseases, from the early stages to the final stages, or if there is a risk of death that provides compensation to beneficiaries. waiver PRUAnugerah Syariah: Sharia traditional life insurance to prepare valuable relics for beloved families. good luck with PRUWell Medical Syariah: Traditional insurance to provide extensive access to health with fair pricing principles for contribution relief of up to 20% for participants who live a healthy lifestyle.

Adhi Nugraha Sugiharto, Head of Marketing, Customer, and Corporate Communications Prudential Syariah said, to achieve financial resolution in 2025, start steps by reviewing protection needs, evaluating investment risk profiles, and ensuring active policies.

"Don't forget to also updating data in order to get optimal protection. By doing some of the things above, you not only protect yourself from unexpected risks, but also maintain calm of mind and achieve blessings through the value of help that is in sharia insurance," he said, in a written statement, Saturday, December 21.