What is Insurance?
Insurance, as an organization, seeks to provide protection against financial loss caused by fortuitous events. The insurance service, therefore involves payment of contracted benefits or compensation to the insured or a third party against unforeseen losses.
The insurance arrangement works on the law of large number, by spreading the risk of loss faced by a specific person or enterprises to all parties who pool their, resources to pay for individual losses. The loss sharing arrangement is called insurance.
It is not possible for an individual to predict or prevent such occurrence , but through insurance it can be arranged to provide against their financial effects i.e. loss of property and/or earnings. Insurance in its various forms aims at safe guarding the interest of the individuals who are insured. This is achieved by having the losses experienced by the unfortunate few compensated by the contributions i.e. the premiums of the many who are exposed to the same risk.
Why do you need Insurance?
Every moment, an individual, families and enterprise are exposed to losses arising from their property, occupations, activities and responsibilities. The individual, families and enterprise are always at the risk of being affected by circumstances over which they has no control.
Insurance is a compensatory devise/system which will at least seek to reduce the impact of financial loss that is consequent to an unfortunate event.
Why RHB Insurance?
RHB Insurance has a proven record of over 40 years of experience with well-qualified and experienced personnel. With continued growth since the 60's, we are financially sound with both local and overseas shareholders.
As part of the RHB Group, we provide a one stop financial protector and adviser. Besides providing a full range of general insurance services, we work harder to give you better value by providing you with value added services, accurate protection and maximized savings.
We are also one of the very first local insurers to provide insured/intermediaries with web-based tools easily accessible via the Internet to facilitate their day to day insurance transactions. This facilities are free for all our insured/intermediaries and are available 24 hours a day, 7 days a week.