Unit Linked Insurance Plans, So Far in Indonesia

Unit Linked Insurance Plans (ULIP) is a life insurance policy that combines insurance and investment. It means that if you buy the policy you get both the protection and the investment. Supposed if you pay Rp 1,000,000 per month, your money will be allocated into two accounts, the premium account and investment account, let’s say the allocation is 70:30, so the Rp 700,000 allocated to pay the premium and Rp 300,000 to pay the investment.

The Twelfth Black Monday

Suddenly, I feel aghast after surfing in the cyber world this evening. The world stock market crash news is the reason. When the energy crisis and global food crisis still being unsolved problem for mostly countries in the world, they are inflicted by investment & banking crisis. Then I run into 19^th October 1987 when the same things occurred because the Dow Jones Industrial Average dropped by 508 points to 1739 (22.6%). That moment has been called as the Black Monday. Furthermore, at 28^th October 1929, the world was shaken by devastating of stock market in United States. That moment was called not only Black Monday, but also Wall Street Crash of 1929. And now, the twelfth Black Monday has come!