4 Reasons Why Insurance Is Important for Millennials

4 Reasons Why Insurance Is Important for Millennials – Who says insurance is only owned by people who are married or have a family? Millennials can have insurance! Instead of spending money on lifestyle needs, you better prepare insurance from now on. Let’s look at 4 reasons why insurance is important for millennials!

Today’s Millennial Lifestyle

Reporting from Kompas (17/04/2021), “millennial” is a description for a generation that grows and processes with technology, spends a lot of time on social media, and likes to travel,

In addition, based on data collected from Good News From Indonesia 2020, millennials are the generation that likes online shopping and occupies the first position. This is marked by 47 million millennial internet users, as many as 7.8 million or 17 percent of whom like online shopping.

From the data above, it can be concluded that today’s millennials cannot be separated from the consumptive lifestyle dominated by online spending. If this activity takes place for a long time, it will certainly disrupt finances so that millennials cannot maximize their opportunities to save, have insurance, and invest.

4 Reasons Why Insurance Is Important for Millennials

If you want to have life and health protection in the future, millennials need to prepare insurance early. Here are 4 reasons why insurance is important for millennials:

Cheaper Premium Costs

If you decide to have insurance at a young age, the premium you pay will be much cheaper. Health conditions that are still healthy at the age of 20-30 years are the reason for the low cost of premiums.

In another case, if you have insurance at the age of 40-50 years, the company will charge a larger premium because health conditions are different than when you are young and the risk of getting the disease is higher.

Providing Protection

Insurance will provide protection when you experience risk in the future. The protection obtained certainly depends on the type of insurance you choose.

If you choose health insurance, then you will get protection on health care. While in life insurance, the insurance company will bear the risk if the customer dies.

By preparing insurance from an early age, then you do not have to worry about the losses from the uncertainty that occurs in the future.

Greater Insurance Application Opportunities

If you apply for insurance from a young age, then the chances of being accepted by the insurance company will be greater, because it is assumed that you apply in good health without concomitant diseases.

Different if the insurance application occurs at the age of 40-50, the insurance company will conduct a strict screening for prospective customers. This is because, in that age range, a person is at greater risk of developing the disease and dying.

To Manage Finances

Instead of buying contemporary coffee and boba drinks every day, you can divert finances to useful things, such as insurance. By having insurance, money that is often used for lifestyle alone, you can use it to pay insurance premiums every month.

That way, you can feel the benefits and get protection in the future. After knowing the 4 reasons why insurance is important, it’s time for you to protect yourself and your family! 

Tinggalkan komentar