Insurance definition of life:
Defines insurance as a social system to reduce the risk show him the individual by grouping like-hazards and the distribution of the financial burden on earned on all of the participants have these meanings noble human manifested itself most clearly in the first shapes that are on the basis of which engage in the insurance business, such as associations of burial when the ancient Egyptians and the system securing convoys on my journey of winter and summer when the Arabs.
The emergence of life insurance and its development:
Aattabraltoman on the life of the oldest types of insurance such as insurance Maritime, which is the oldest types of insurance since he was believed on the lives of the ship's captain in the same insurance policy on the ship.
He was known for hundreds of years in some of the country's ancient civilization such as Egypt, China and India that some groups cooperate among themselves to ease what is under its family of need and deprivation upon the death of breadwinners and by providing subsidies and financial aid to members of the bereaved family, but this aid was mostly not enough to compensate financially the family for the loss of a breadwinner as well as where the prejudice to human dignity, therefore turned thinking afterwards to look for a better way to compensate the family for the loss of a breadwinner, and here the idea arose insurance head of the family at death and the first document of the life insurance issued by individuals in London in 1582 on someone's life for another person in the event of his death during the period of 12 months.
In the year 1693 the development of a sports scientists schedule of life Mortality Table This table was used in 1755 in a free secure insurance for life on the basis of the age of the insured at the start of the insurance premiums, and so the latest major development in the life insurance industry.
Insurance was not known in the Arab countries, but late last century and early this century.
Cooperation and life insurance:
The insurance system mainly based on the principles of cooperation and interdependence and solidarity between the individuals involved in the system, which calls for not leaving the individual bad luck that risk come true for him Ana alone under the burden of the loss, but does everyone to contribute to the unsustainable and therefore achieves insurance system a great benefit not only to subscribers but it extends to the whole of society.
Insurance and cares of life cover those types of hazards to the same person, such as death and disability kidney sustained and retirement, which entails achieved was due to the work entirely of income and permanent has recently increased the importance of life insurance as an inevitable result of increasing the relative importance of the component work as a major source, if not only for income in addition to the weakness of family ties and lack of benefits of social insurance systems for providing so much of the advantages achieved when these hazards commensurate with the income that was earned by the individual before achieved.
The advantages of life insurance from socially and economically:
Life insurance is an important factor in the fight against poverty, which results in material loss caused to a person because of the retirement age or death, or complete inability or temporarily as a result of illness or due to an accident. Hence arose the social significance of insurance, insurance as well as works to life on the dissemination of education and facilitation as we find decades-purpose grant children a sufficient guarantee to spend on themselves if died breadwinner who are of school age and the insurance eliminates the anxiety of souls, as guaranteed security for Mstoemien or beneficiaries insurance also cause reassurance to himself.
In economic terms, the life insurance works:
1 - increase production, efficiency and so that reassuring at the same worker or employee so increase its ability to output as the sense of anxiety would weaken the ability of the individual production is affected by the national economy, but a sense of security renders the individual provides for his relaxed mind and this rise sufficiently in production.
2 - Save wealth untapped example capital guarantees to his family in one of the death of one of the general partners and the withdrawal of its share capital by his heirs.
3 - huge capital formation and this is of great importance for the life insurance for the production in particular and the national economy in general.
And thus it can take advantage of this huge accumulated funds of funds for small premiums in many purposes such as to contribute to the establishment of industrial companies or agricultural or commercial or other and has become the role of insurance essential in architecture economic as there is almost no economic project Ham without insurance contributes to the financing of the road directly or indirectly, until he became its prevalence and breadth of its scope in any State a criterion for advancement.
And the importance of insurance in those areas states censored insurance bodies and directed the employment of these huge funds allocated much of it to pay for the needs of public interests, as most countries identified the insurance advantages worked on encouraging various ways exemption premiums resulting from the investment of insurance funds from taxes or reduce the categories and rents about it, and as a protection from abuse gatekeepers companies Oogshha, and protect these companies from entrusting fraud and unfair competition among them.
Also, some countries have made some types of insurance such as compulsory social insurance, which includes insurance against illness, unemployment, disability, old age and death is work-related injuries.
Tax exemptions for life insurance premiums:
Tax law on income included No. 187 of 93 amending some provisions of the Income Tax Act promulgated by Law No. 157 of 81 advantages with regard to the exemptions granted to insurance premiums, which is exempt from tax insurance premiums:
A) the salaries and the like.
B) a non-commercial professions revenues.
C) the general income tax.
Life insurance and religion:
Insurance was not in its current form known to scholars as the imams did not highlight the features of this image is complemented only recently Ksmadtha after it widened transactions at the global level.
Insurance is in the modern image that does not conflict with religion, but we see that religion is called for, as the human long as sheriff insightfully in his order he was required to take a prudent and cautious for the future and the future of his family and leaves himself in aging or if the injury disability or illness, or leaves his children after he died a burden on the people, and he must believe in himself from the threats to his wealth have sometimes come to his entire fortune so he meets his own doom.
God Almighty in should take caution, he said:
"O ye who believe!"
He says that it must guard against the danger in order to avoid damage:
"Do not throw yourselves into destruction."
These verses conclusive indication that the Islamic religion orders prudent and careful preparation of the equipment and insurance.
Religion and calls for the insurance because it is based on the cooperation and collaboration of great social morals recipe, God said: "Help ye one another in righteousness and piety," Islamic jurisprudence has accepted the idea as a kind of insurance to its principle of ensuring safety.
That the public until early this century in Egypt and Arab countries have learned about the insurance in the modern image that what they know her, and helped by it came in the wake of foreign capital as there was ignorance and inertia in this day and age some surface on the life insurance challenge to the power of God as who can secure life but God, resorted business to Dar al-Ifta Egypt in 1903 and was serving as mufti at the time of the late Imam Mohammed Abdu Istvetonh in the legitimacy of the life insurance and he ruled that this, however, remained some doubt in this insurance due to the perception of this insurance in Incorrect image to not take full Borcanh, characteristics and legal provisions and technical Bossh moral, social and economic advantages.
Insurance is held legally permissible as long as it does not conflict with religion and is based on the legal and technical foundations of sound and achieve these great benefits.
It is worth mentioning that all its pension schemes and social insurance currently in place in most countries, including Islamic countries based on life insurance.
Tips for the insured:
Dear Customer Here are the top tips for choosing an insurance company:
- The presence of branch network covers the Republic to facilitate the payment of insurance premiums throughout.
- Ease procedures when concluding a contract of insurance.
- Ease procedures at maturity (verification risk insured against him).
- The clear knowledge of the obligations and rights for you and your insurance company.
- Offers a variety of insurance coverage in order to achieve a greater chance for you to choose.
- Suitable personal insurance coverage to your circumstance (social, health and physical ..... etc).
- Justice premium.
Questions about insurance:
Why did I buy insurance?
Because insurance and a way to protect you from damages and losses resulting from the risks by transferring the impact of those risks to the insurance company.
What is the difference between a request for insurance, insurance policy?
Insurance request for a preliminary insurance be accepted and can not accept the basis of acceptance of the insurance request is issued (document) is the final insurance contract both parties committed to the insurance company and the insured obligations to the other.
How do you determine the value of the amount of life insurance you need?
Step One: Select the annual expenses
Step Two: as assets owned and total household income
Step Three: Select what you saved by the previous steps and select the amount that you can pay monthly, quarterly or annually.
Step Four: Select the insurance needs of any identified quality of insurance you need, do you need to cover the risk of death? Or the deficit? Does the insurance policy includes a savings component beside the cover of death? What are the insurance period?
Step five: your needs, including floor provided by insurance companies
Step Six: selected document to suit your potential financial
What documents are required when Asaddaralutiqh?
- Order insurance are met
- Picture National ID Card
- To come to the medical center or a certified doctors from the company for a medical examination and the work of medical tests to be insured fasting for at least ten hours
What documents are required when the document entitlement?
Company must be notified at the earliest opportunity may not be the amounts owed exchange only after the response document and its Annexes or the adoption of Pfqdha.
And it must be on the beneficiary to prove his rights to submit to the company:
In case of death of the insured
- Birth certificate of the insured (if it were not made before)
- The official death document to be justified
- A doctor's report as an editor on company forms and the last illness of the insured, or for any other cause of death if the death occurs during the first three years of the start of insurance
- Another outstanding premium delivery
In the case of the insured survive
- Out of the insurance policy and its Annexes or approval from the client in the event of loss Pfqdha
- A birth certificate or any other document birth
- Another outstanding premium delivery
What are the types of documents provided by life insurance companies that?
Individual insurance is available in the market and many of the documents of individual insurance, according to the coverages that meet the needs of the vast majority of insurance clients, including:
1. Temporary insurance covers the risk of death only, is the most basic types of life insurance. , It is a temporary period of time specified 5,10,15,20,25 years. , This insurance has no value to him retracement move is the only protection covers death from any cause. The cost of this insurance is very simple and very high protection.
2. Mixed insurance leads insurance amount in case of death or survival until the end of the insurance benefits the insured as well as the percentage of investments realized by insurers and therefore called insurance with participation in profits. Group insurance means the insurance group of individuals (often working hand in one working), a locking can cover cases of death or survival until a certain age, or both. And be contracted in this insurance is the employer. The agreement on the conditions appropriate and benefits between the contractor and the insurance company in exchange for contributions (premiums) to be paid the contractor to know whether the payment borne by the employee or the employer, or both post and this insurance is considered the employers an added benefit to encourage workers to increase the bid and continue to work.
When are benefits and a life insurance policy exchange?
At maturity the amount of insurance for any of the reasons listed on the document you need in all circumstances to submit a request for the disbursement of entitlements from the insurance company.
What is insurance against personal accidents a long-term?
This type of coverage may be a separate document and stand-alone and often additional coverage on the original documents. According to these contracts the insurance company is liable to pay an amount of money in the case of insured physical injuries produces a direct way of an accident resulting in the death of the insured or his inability to recall, for example: -
1. cover accidental death and extension which doubles the amount of insurance in case of death by accident, and this is always an additional extension on the original document.
2. the performance of the amount of insurance in case of death or permanent total disability if the death occurred or check the deficit immediately after the injury or within a specified period following the date of the incident.
3. performance ratio of the sum insured in case of permanent partial disability.
4. performance of a daily or weekly compensation during the period in which the incident converts between the insured and the performance of normal work in cases of temporary loss of kidney function.
What is a collective health insurance?
Health insurance has become in our time of the basic types of insurance and necessary and which plays an important role in human life and communities and in light of the continuing rise and more significant in the prices of medicines and medical services, it was noted the presence of a strong turnout by the bodies and working in the Egyptian market companies Ali this type of insurance to cover their workers and their families in order to raise those companies and bodies placed upon it for exorbitant medical expenses incurred in treating Mnssobhm ... We would also like to make it clear that health insurance policy include two basic types of insurance coverage as follows:
First, the basic insurance coverages and include
· Insurance coverage within the hospital
Include (hospital accommodation expenses, pay surgeons, doctors, assistants, anesthesia fee, open the operating room, intensive care, the outgoing medicines, medical supplies, ambulance).
· Insurance coverage outside the hospital.
Include (pay doctors and consultants outpatient, medical analysis expenses, physical therapy expenses, medical X-rays of all types of expenses, prescription drugs from doctors outpatient)
Secondly, the additional insurance coverages and include
· Dental expenses.
· Pregnancy and childbirth expenses (natural - Caesarean section).
· Expenses of legal abortion.
· Expenses eyeglasses
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